Renatus Tactical Acquisition Corp I (NASDAQ:RTACU) shares, rose in value on Friday, June 20, with the stock price up by 0.95% to the previous day’s close as strong demand from buyers drove the stock to $12.70.
Actively observing the price movement in the last trading, the stock closed the session at $12.58. Referring to stock’s 52-week performance, its high was $12.75, and the low was $10.60. On the whole, RTACU has fluctuated by 9.01% over the past month.
With the market capitalization of Renatus Tactical Acquisition Corp I currently standing at about $355.27 million, investors are eagerly awaiting this quarter’s results, scheduled for in July.
The stock’s technical analysis shows that the price of RTACU currently trading nearly 4.70% and 5.84% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 73.55, while the 7-day volatility ratio is showing 0.74% which for the 30-day chart, stands at 1.39%. Furthermore, Renatus Tactical Acquisition Corp I (RTACU)’s average true range (ATR) is 0.37.
Data on historical trading for Renatus Tactical Acquisition Corp I (NASDAQ:RTACU) indicates that the trading volumes over the past 3 months, they’ve averaged 1.34 million. According to company’s latest data on outstanding shares, there are 24.15 million shares outstanding.
Renatus Tactical Acquisition Corp I’s shares belong to company insiders and institutional investors own 15.82% of the company’s shares. The stock has risen by 13.49% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RTACU stock heading into the next quarter.
