Inflection Point Acquisition Corp II (NASDAQ:IPXX) price on current trading day, remained unchanged to $10.79.
A look at the stock’s price movement, the level at last check in today’s session was $10.79, moving within a range at $10.725 and $10.79. The PE ratio in trailing twelve months stood at 28.36. Turning to its 52-week performance, $11.00 and $10.24 were the 52-week high and 52-week low respectively. Overall, IPXX moved 0.28% over the past month.
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Inflection Point Acquisition Corp II’s market cap currently stands at around $337.19 million, with investors looking forward to this quarter’s earnings report slated for in December.
Turning to the stock’s technical picture we see that short term indicators suggest on average that IPXX is a 50% 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.
IPXX’s current price about 0.07% and 0.32% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 56.68, while 7-day volatility ratio is 0.14% and 0.11% in the 30-day chart. Further, Inflection Point Acquisition Corp II (IPXX) has a beta value of 0.00, and an average true range (ATR) of 0.02.
If we refocus on Inflection Point Acquisition Corp II (NASDAQ:IPXX), historical trading data shows that trading volumes averaged 0.32 over the past 10 days and 173.62K over the past 3 months. The company’s latest data on shares outstanding shows there are 25.00 million shares.
The 20.00% of Inflection Point Acquisition Corp II’s shares are in the hands of company insiders while institutional holders own 81.28% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 5724.0 on 2024-10-31, giving us a short ratio of 0.05. The data shows that as of 2024-10-31 short interest in Inflection Point Acquisition Corp II (IPXX) stood at 2.0 of shares outstanding, with shares short rising to 5648.0 registered in 2024-09-30. Current price change has pushed the stock 4.45% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the IPXX stock continues to rise going into the next quarter.
