Stable Road Acquisition Corp. (NASDAQ:SRAC) price closed lower on Friday, Jan 22, sinking -5.37% below its previous close.

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A look at the daily price movement shows that the last close reads $26.26, with intraday deals fluctuated between $24.06 and $26.47. The company’s 5Y monthly beta was ticking 0 while its P/E ratio in the trailing 12-month period read 0. Taking into account the 52-week price action we note that the stock hit a 52-week high of $26.78 and 52-week low of $9.2. The stock added 50.7% on its value in the past month.

Turning out attention to how the Stable Road Acquisition Corp. stock has performed in comparison to its peers in the industry, here’s what we find: SRAC’s stock is -5.37% on the day and 0% in the past 12 months, while Boeing Company (BA) traded -0.76% in the last session and was positioned -35.23% down on its price 12 months ago. Another comparison is with Lockheed Martin Corp (LMT) whose stock price was up 0.06% in the last trading session, but has tanked -20.73% over the past year. Also, Northrop Grumman Corp (NOC) showed downtrend of -5.37% while its price kept floating at 0% over the past year. As for Stable Road Acquisition Corp., the P/E ratio stands at 0 lower than that of Boeing Company’s at 0 and Lockheed Martin Corp’s 14.52. Elsewhere in the market, the S&P 500 Index has fell -0.3% in last trading session, with the Dow Jones Industrial also saw a negative session on the day with -0.57%.

An analysis of the Stable Road Acquisition Corp. (NASDAQ:SRAC) stock in terms of its daily trading volume indicates that the 3-month average is 1.2 Million. However, this figure increases on the past 10-day timeline to an average of 2.44 Million.

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Curent records show that the company has 17.8 Million in outstanding shares. According to data from Thomson Reuters, insiders’ percentage holdings are 83.22% of outstanding shares while the percentage share held by institutions stands at 98.12%. The stats also highlight that short interest as of December 30, 2020, stood at 959.02 Million shares, which puts the short ratio at the time at 0.68. From this we can glean that short interest is 4.34% of company’s current outstanding shares. Notably, we see that shares short in December rose slightly given the previous month’s figure stood at 534.76 Million. But the +38.36% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.


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