Investcorp Europe Acquisition Corp I (IVCB) Down -1.19% From Its 52-Week High, But Growth Potential Is Changing Over Time

Investcorp Europe Acquisition Corp I (NASDAQ:IVCB) currently has a daily average trading volume of 165.37K but it saw 1587371 shares traded in last market. With a market cap of 208.56M USD, the company’s current market price of $11.58 came rising about 0.26 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 $11.72 and as low as $10.41. In the recent trading on the day, stock has struck highest price mark of $11.56 while lowest mark touched by it was $11.59.

Taking a look at 20-day trading activity of Investcorp Europe Acquisition Corp I (IVCB) gives us an average price of $11.56, while its current price level is -1.19% below from 52-week high level whereas it is 11.22% 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 $11.65 while that of 200 days or SMA-200 reads an average of $11.29. A closer look into the stock’s movement over the week reveals that its volatility is standing at 0.08% during that period while stretching the period over a month that increases to 0.43%. 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 68.76 which implies that the stock is in neutral territory.

Over the week, IVCB’s stock price is moving 0.49% up while it is 0.82% when we observe its performance for the past one month. Year-to-date it is 10.61% up and over the past year, the stock is showing an upside performance of 15.43%.

Currently, Investcorp Europe Acquisition Corp I’s total number of outstanding shares is 18.01M. Company’s return on investment (ROI) stands at 33.85% and return on equity (ROE) at 27.49%. It has a price to earnings ratio (P/E ratio) of 5.28. Stock’s beta reads 0.00. Stock has a price to book (P/B) ratio of 1.75. Its return on asset (ROA) is 23.99% on average.