Spring Valley Acquisition Corp II (NASDAQ:SVII) price on current trading day, fall -0.52% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $11.19.
A look at the stock’s price movement, the close in the last trading session was $11.25, moving within a range at $11.17 and $11.19. The PE ratio in trailing twelve months stood at 30.52. Turning to its 52-week performance, $11.25 and $10.64 were the 52-week high and 52-week low respectively. Overall, SVII moved 0.45% over the past month.
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Spring Valley Acquisition Corp II’s market cap currently stands at around $249.54 million, with investors looking forward to this quarter’s earnings report slated for in September.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SVII is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
SVII’s current price about 0.27% and 0.49% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 56.35, while 7-day volatility ratio is 0.19% and 0.13% in the 30-day chart. Further, Spring Valley Acquisition Corp II (SVII) has a beta value of -0.00, and an average true range (ATR) of 0.03.
If we refocus on Spring Valley Acquisition Corp II (NASDAQ:SVII), historical trading data shows that trading volumes averaged 79020.0 over the past 10 days and 60.54K over the past 3 months. The company’s latest data on shares outstanding shows there are 23.00 million shares.
The 35.27% of Spring Valley Acquisition Corp II’s shares are in the hands of company insiders while institutional holders own 62.79% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2085.0 on 2024-07-31, giving us a short ratio of 0.09. The data shows that as of 2024-07-31 short interest in Spring Valley Acquisition Corp II (SVII) stood at 1.0 of shares outstanding, with shares short falling to 3585.0 registered in 2024-06-28. Current price change has pushed the stock 3.52% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SVII stock continues to rise going into the next quarter.
