Stable Road Acquisition Corp. (NASDAQ:SRAC) shares, rose in value on Wednesday, Jan 13, with the stock price up by 6.69% to the previous day’s close as strong demand from buyers drove the stock to $17.07.
Actively observing the price movement in the last trading, the stock closed the session at $16, falling within a range of $16.50 and $18.06. The value of beta (5-year monthly) was 0 whereas the PE ratio was 0 over 12-month period. Referring to stock’s 52-week performance, its high was $19.85, and the low was $9.2. On the whole, SRAC has fluctuated by 3.45% over the past month.
Data on historical trading for Stable Road Acquisition Corp. (NASDAQ:SRAC) indicates that the trading volumes over the past 10 days have averaged 1.09 Million and over the past 3 months, they’ve averaged 1.04 Million. According to company’s latest data on outstanding shares, there are 17.8 Million shares outstanding.
Nearly 83.22% of Stable Road Acquisition Corp.’s shares belong to company insiders and institutional investors own 98.12% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 959.02 Million shares as on December 30, 2020, resulting in a short ratio of 0.68. According to the data, the short interest in Stable Road Acquisition Corp. (SRAC) stood at 4.34% of shares outstanding as of December 30, 2020; the number of short shares registered in November reached 534.76 Million. The stock has fallen by -4.96% since the beginning of the year, thereby showing the risk of a further decline. This could cause investors’ confidence to be optimistic about the SRAC stock heading into the next quarter.
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