LGL Systems Acquisition Corp. (NYSE:DFNS) price on Thursday, August 26, rose 8.09% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $10.95.
A look at the stock’s price movement, the level at last check in today’s session was $10.13, moving within a range at $9.60 and $10.40. The PE ratio in trailing twelve months stood at 51.16. Turning to its 52-week performance, $11.40 and $9.36 were the 52-week high and 52-week low respectively. Overall, DFNS moved 1.60% over the past month.
LGL Systems Acquisition Corp.’s market cap currently stands at around $218.20 million.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that DFNS is a 50% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
DFNS’s current price about 9.77% and 9.76% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 79.42, while 7-day volatility ratio is 4.12% and 1.13% in the 30-day chart. Further, LGL Systems Acquisition Corp. (DFNS) has a beta value of 0, and an average true range (ATR) of 0.16. Analysts have given the company’s stock an average 52-week price target of $15.00, forecast between a low of $15.00 and high of $15.00. Looking at the price targets, the low is -36.99% off recent price level in today’s trading while to achieve the yearly target high, it has to move -36.99%. Nonetheless, investors will most likely welcome a -36.99% jump to $15.00 which is the analysts’ median price.
In the market, a comparison of LGL Systems Acquisition Corp. (DFNS) and its peers suggest the former has performed considerably stronger. Data shows DFNS’s intraday price has changed 8.09% today and 1.60% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -0.34% and -0.16% respectively on the day as seen in early trades.
If we refocus on LGL Systems Acquisition Corp. (NYSE:DFNS), historical trading data shows that trading volumes averaged 0.32 million over the past 10 days and 161.96K over the past 3 months. The company’s latest data on shares outstanding shows there are 21.56 million shares.
The 0.58% of LGL Systems Acquisition Corp.’s shares are in the hands of company insiders while institutional holders own 82.00% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 69790.0 on Jun 14, 2021, giving us a short ratio of 1.86. The data shows that as of Jun 14, 2021 short interest in LGL Systems Acquisition Corp. (DFNS) stood at 0.32% of shares outstanding, with shares short falling to 69880.0 registered in May 13, 2021. Current price change has pushed the stock 0.10% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the DFNS stock continues to rise going into the next quarter.