Churchill Capital Corp IX (CCIX) Down -4.66% From Its 52-Week High, But Growth Potential Is Changing Over Time

Churchill Capital Corp IX (NASDAQ:CCIX) currently has a daily average trading volume of 69.67K but it saw 1261259 shares traded in last market. With a market cap of 367.70M USD, the company’s current market price of $10.03 came falling about -0.10 while comparing to the previous closing price of $10.04. In past 52 weeks, the stock remained buoying in the range of price level as high as $10.52 and as low as $9.99. In the recent trading on the day, stock has struck highest price mark of $10.02 while lowest mark touched by it was $10.035.

Taking a look at 20-day trading activity of Churchill Capital Corp IX (CCIX) gives us an average price of $10.02, while its current price level is -4.66% below from 52-week high level whereas it is 0.35% 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 $10.02. A closer look into the stock’s movement over the week reveals that its volatility is standing at 0.10% during that period while stretching the period over a month that decreases to 0.06%. 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 55.46 which implies that the stock is in neutral territory.

Currently, Churchill Capital Corp IX’s total number of outstanding shares is 29.48M. Stock has a price to book (P/B) ratio of 1.30.