It’s Not A Fantasy To Think That Cartesian Growth Corp II (RENE) Has Big Future Potential

Cartesian Growth Corp II (NASDAQ:RENE) currently has a daily average trading volume of 145.55K but it saw 1616807 shares traded in last market. With a market cap of 249.72M USD, the company’s current market price of $11.55 came rising about 0.04 while comparing to the previous closing price of $11.55. In past 52 weeks, the stock remained buoying in the range of price level as high as $11.58 and as low as $10.85. In the recent trading on the day, stock has struck highest price mark of $11.54 while lowest mark touched by it was $11.57.

Taking a look at 20-day trading activity of Cartesian Growth Corp II (RENE) gives us an average price of $11.50, while its current price level is -0.26% below from 52-week high level whereas it is 6.45% 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 $11.43 while that of 200 days or SMA-200 reads an average of $11.18. A closer look into the stock’s movement over the week reveals that its volatility is standing at 0.13% during that period while stretching the period over a month that decreases to 0.10%. 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 86.87 which implies that the stock is in overbought territory.

Over the week, RENE’s stock price is moving 0.35% up while it is 0.96% when we observe its performance for the past one month. Year-to-date it is 5.58% up and over the past year, the stock is showing an upside performance of 8.20%.

Currently, Cartesian Growth Corp II’s total number of outstanding shares is 21.62M. Company’s return on investment (ROI) stands at 5.27% and return on equity (ROE) at 4.44%. It has a price to earnings ratio (P/E ratio) of 31.29. Stock’s beta reads -0.02. Stock has a price to book (P/B) ratio of 2.70. Its return on asset (ROA) is 4.06% on average.