Hennessy Capital Acquisition Corp. IV (HCAC) Is Up 4.33% in 2020 With Lots of Room to Run

Hennessy Capital Acquisition Corp. IV (NASDAQ: HCAC) is 4.33% higher on its value in year-to-date trading and has touched a low of $9.21 and a high of $11.55 in the current 52-week trading range. The HCAC stock was last observed hovering at around $10.44 in the last trading session, with the day’s gains setting it 0.16%.


The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.

Sponsored


Currently trading at $10.60, the stock is 2.02% and 3.49% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.77 million and changing 1.48% at the moment leaves the stock 4.71% off its SMA200. HCAC registered a gain of 5.58% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $10.32 and a 200-day simple moving average (SMA200) of $10.21.

The stock witnessed a 3.51% loss in the last 1 month and extending the period to 3 months gives it a 3.92%, and is -0.33% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 0.95% over the week and 1.00% over the month.

Current P/E ratio is 207.84. Distance from 52-week low is 15.09% and -8.23% from its 52-week high.

Hennessy Capital Acquisition Corp. IV (HCAC) Analyst Forecasts

.

Hennessy Capital Acquisition Corp. IV (HCAC) Top Institutional Holders

43 institutions hold shares in Hennessy Capital Acquisition Corp. IV (HCAC), with institutional investors hold 63.25% of the company’s shares. The shares outstanding are 37.52M, and float is at 30.02M with Short Float at 0.52%. Institutions hold 63.25% of the Float.

The top institutional shareholder in the company is Glazer Capital LLC with over 3.3 million shares valued at $33.36 million. The investor’s holdings represent 10.99% of the HCAC Shares outstanding. As of Mar 30, 2020, the second largest holder is Magnetar Financial LLC with 1.8 million shares valued at $18.2 million to account for 6.00% of the shares outstanding. The other top investors are UBS O’Connor LLC which holds 1.77 million shares representing 5.89% and valued at over $17.86 million, while Berkley W R Corp holds 4.46% of the shares totaling 1.34 million with a market value of $13.52 million.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free