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Analysts Predict A Surge In Austerlitz Acquisition Corporation II (NYSE: ASZ)?

Austerlitz Acquisition Corporation II (NYSE:ASZ) shares, rose in value on Wednesday, 06/22/22, with the stock price down by -0.20% to the previous day’s close as strong demand from buyers drove the stock to $9.76.

Actively observing the price movement in the last trading, the stock closed the session at $9.78, falling within a range of $9.74 and $9.80. The PE ratio was 30.89 over 12-month period. Referring to stock’s 52-week performance, its high was $9.88, and the low was $9.63. On the whole, ASZ has fluctuated by -0.20% over the past month.

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Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that ASZ’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 75% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of ASZ currently trading nearly -0.30% and -0.36% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.70, while the 7-day volatility ratio is showing 0.34% which for the 30-day chart, stands at 0.24%. Furthermore, Austerlitz Acquisition Corporation II (ASZ)’s average true range (ATR) is 0.03.

Data on historical trading for Austerlitz Acquisition Corporation II (NYSE:ASZ) indicates that the trading volumes over the past 3 months, they’ve averaged 1.22 million. According to company’s latest data on outstanding shares, there are 197.14 million shares outstanding.

Nearly 0.04% of Austerlitz Acquisition Corporation II’s shares belong to company insiders and institutional investors own 89.60% of the company’s shares. The stock has risen by 0.41% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ASZ stock heading into the next quarter.

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