NewHold Investment Corp III (NASDAQ:NHIC) shares, rose in value, with the stock price down by -0.05% to the previous day’s close as strong demand from buyers drove the stock to $10.20.
Actively observing the price movement in the recent trading, the stock is buoying the session at $10.20, falling within a range of $10.2 and $10.22. Referring to stock’s 52-week performance, its high was $10.25, and the low was $9.86. On the whole, NHIC has fluctuated by 1.49% over the past month.
With the market capitalization of NewHold Investment Corp III currently standing at about $281.62 million, investors are eagerly awaiting this quarter’s results, scheduled for in July.
The stock’s technical analysis shows that the price of NHIC currently trading nearly 0.95% and 1.55% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 81.31, while the 7-day volatility ratio is showing 0.16% which for the 30-day chart, stands at 0.15%. Furthermore, NewHold Investment Corp III (NHIC)’s average true range (ATR) is 0.02.
Data on historical trading for NewHold Investment Corp III (NASDAQ:NHIC) indicates that the trading volumes over the past 10 days have averaged 0.11 and over the past 3 months, they’ve averaged 129.63K. According to company’s latest data on outstanding shares, there are 20.91 million shares outstanding.
The stock has risen by 2.72% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NHIC stock heading into the next quarter.
