Target Global Acquisition I Corp (TGAA): The Latest Casualty Of Increased Volatility?

Target Global Acquisition I Corp (NASDAQ:TGAA) does about 30.95K shares in volume on a normal day but saw 778550 shares change hands in the recent trading day. The company now has a market cap of 106.60M USD. Its current market price is $11.45, marking an increase of 1.33% compared to the previous close of $11.30. The 52 week high reached by this stock is $12.19 whilst the lowest price level in 52 weeks is $10.62.

Target Global Acquisition I Corp (TGAA) has a 20-day trading average at $11.42 and the current price is -6.07% off the 52-week high compared with 7.82% distance from its 52-week low. The 50-day simple moving average of the closing price is $11.28 and its 200-day simple moving average is $10.88. If we look at the stock’s price movements over the week, volatility stands at 0.70%, which decreases to 0.60% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 53.12 to suggest the stock is neutral.

Target Global Acquisition I Corp (TGAA) stock is down -2.97% over the week and 0.79% over the past month. Its price is 3.71% year-to-date and 12.70% over the past year.

Outstanding shares total 9.28M with insiders holding 57.69% of the shares and institutional holders owning 43.08% of the company’s common stock. The company has a return on investment of 3.68% and return on equity of 1.05%. The price to earnings ratio (P/E ratio) amounts to 204.83. The beta has a value of 0.01. Price to book ratio is 2.92.