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Social Capital Hedosophia Holdings Corp. VI (NYSE: IPOF) Stock Seems Like A Good Option

Social Capital Hedosophia Holdings Corp. VI (NYSE:IPOF) shares, rose in value on Thursday, June 23, with the stock price down by 0.00% to the previous day’s close as strong demand from buyers drove the stock to $9.96.

Actively observing the price movement in the recent trading, the stock is buoying the session at $9.96, falling within a range of $9.94 and $9.99. The PE ratio was 27.59 over 12-month period. Referring to stock’s 52-week performance, its high was $10.99, and the low was $9.77. On the whole, IPOF has fluctuated by -0.50% over the past month.

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With the market capitalization of Social Capital Hedosophia Holdings Corp. VI currently standing at about $1.43 billion, investors are eagerly awaiting this quarter’s results, scheduled for Mar 30, 2021.

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 IPOF’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

0 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 0 analyst(s), 0 recommend it as a Buy and 0 called the IPOF stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 0 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is -.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of IPOF currently trading nearly -0.42% and -1.80% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.85, while the 7-day volatility ratio is showing 0.44% which for the 30-day chart, stands at 0.59%. Furthermore, Social Capital Hedosophia Holdings Corp. VI (IPOF)’s average true range (ATR) is 0.06.

Data on historical trading for Social Capital Hedosophia Holdings Corp. VI (NYSE:IPOF) indicates that the trading volumes over the past 10 days have averaged 6.03 million and over the past 3 months, they’ve averaged 5.48 million. According to company’s latest data on outstanding shares, there are 143.75 million shares outstanding.

Social Capital Hedosophia Holdings Corp. VI’s shares belong to company insiders and institutional investors own 62.30% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.16 million shares as on Apr 28, 2022, resulting in a short ratio of 0.25. According to the data, the short interest in Social Capital Hedosophia Holdings Corp. VI (IPOF) stood at 0.81% of shares outstanding as of Apr 28, 2022; the number of short shares registered in Mar 30, 2022 reached 0.87 million. The stock has fallen by -2.26% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the IPOF stock heading into the next quarter.

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