Hennessy Capital Acquisition Corp. IV (NASDAQ:HCAC) currently has a daily average trading volume of 737.29K but it saw 1857198 shares traded on Thursday. With a market cap of 411.23M USD, the company’s enterprise value now stands nearly at $406.47M. Stock’s current market price of $10.94 came falling about -0.36 while comparing to the previous closing price of $10.98. In past 52 weeks, the stock remained buoying in the range of price level as high as $12.40 and as low as $9.21. In the recent trading on the day, stock has struck highest price mark of $11.06 while lowest mark touched by it was $10.74.
Taking a look at 20-day trading activity of Hennessy Capital Acquisition Corp. IV (HCAC) gives us an average price of $10.87, while its current price level is -11.77% below from 52-week high level whereas it is 18.78% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $10.90 while that of 200 days or SMA-200 reads an average of $10.34. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.91% during that period while stretching the period over a month that increases to 3.23%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 52.34 which implies that the stock is in neutral territory.
Data by FactSet Research shows that 0 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 0 analysts suggested the investors to Buy the stock while 0 advised them to Hold.
Over the week, HCAC’s stock price is moving 4.69% up while it is -5.03% when we observe its performance for the past one month. Year-to-date it is 7.68% up and over the past year, the stock is showing an upside performance of 10.73%.
Currently, Hennessy Capital Acquisition Corp. IV’s total number of outstanding shares is 37.52M with 0.00% of that held by the insiders while 63.25% of its common stock has been owned by the institutions. Company’s return on equity (ROE) at 0.10%. It has a price to earnings ratio (P/E ratio) of 994.55. Stock has a price to book (P/B) ratio of 1.38. Its return on asset (ROA) is 0.10% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Blackstone Alternative Multi Stra came shrinking its share ownership by 0.00% in the Hennessy Capital Acquisition Corp. IV (HCAC) decreasing its stake to 1.27% with control over 0.0 shares in the company. As per SEC documents, Blackstone Alternative Multi Stra shunned 380,000 of company’s common stock of worth $4.14 million as per recent closing price of the stock. Blackstone Alternative Multi Stra is not the only institutional holder which restructured its stake in Hennessy Capital Acquisition Corp. IV, as FOS Strategie – Fonds Nr1 dumped 261,194 shares of worth $2.85 million to bring its holdings to a total of 0.0 shares. In the most recent quarter, Westchester Capital Merger Fund came cutting its stake by 0.00% in the company and now holds 0.18 million or 0.59% of the company’s stake having worth of about 1.91 million.