Why should you buy stock in Acamar Partners Acquisition Corp. (ACAM)?

Acamar Partners Acquisition Corp. (NASDAQ: ACAM) is 1.70% higher on its value in year-to-date trading and has touched a low of $9.50 and a high of $11.74 in the current 52-week trading range. The ACAM stock was last observed hovering at around $11.39 in the last trading session, with the day’s loss setting it -0.03%.

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Currently trading at $11.36, the stock is 6.11% and 9.40% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.44 million and changing -0.25% at the moment leaves the stock 11.43% off its SMA200. ACAM registered 15.63% gain for a year compared to 6-month gain of 10.87%. The firm has a 50-day simple moving average (SMA 50) of $10.53 and a 200-day simple moving average (SMA200) of $10.30.

The stock witnessed a 9.41% loss in the last 1 month and extending the period to 3 months gives it a 11.34%, and is 0.26% up 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 3.76% over the week and 2.69% over the month.

Current P/E ratio is 517.73. Distance from 52-week low is 19.59% and -3.23% from its 52-week high.

Acamar Partners Acquisition Corp. (ACAM) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Acamar Partners Acquisition Corp. (ACAM) is a “-“. 0 analysts offering their recommendations for the stock, where 0 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.


Acamar Partners Acquisition Corp. (ACAM) Top Institutional Holders

75 institutions hold shares in Acamar Partners Acquisition Corp. (ACAM), with institutional investors hold 104.26% of the company’s shares. The shares outstanding are 38.20M, and float is at 30.56M with Short Float at 0.99%. Institutions hold 104.26% of the Float.

The top institutional shareholder in the company is Glazer Capital LLC with over 3.0 million shares valued at $30.62 million. The investor’s holdings represent 9.81% of the ACAM Shares outstanding. As of Sep 29, 2020, the second largest holder is Polar Asset Management Partners Inc. with 1.92 million shares valued at $19.61 million to account for 6.28% of the shares outstanding. The other top investors are Millennium Management LLC which holds 1.58 million shares representing 5.18% and valued at over $16.19 million, while Governors Lane LP holds 4.91% of the shares totaling 1.5 million with a market value of $15.33 million.

Acamar Partners Acquisition Corp. (ACAM) Insider Activity

A total of 19 insider transactions have happened at Acamar Partners Acquisition Corp. (ACAM) in the last six months, with sales accounting for 19 and purchases happening 0 times. The most recent transaction is an insider sale by GLAZER CAPITAL, LLC, the company’s 10% Owner. SEC filings show that GLAZER CAPITAL, LLC sold 220,587 shares of the company’s common stock on Dec 29 at a price of $11.23 per share for a total of $2.48 million. Following the sale, the insider now owns 2.84 million shares.

Acamar Partners Acquisition Corp. disclosed in a document filed with the SEC on Dec 28 that GLAZER CAPITAL, LLC (10% Owner) sold a total of 862,451 shares of the company’s common stock. The trade occurred on Dec 28 and was made at $11.01 per share for $9.5 million. Following the transaction, the insider now directly holds 3.06 million shares of the ACAM stock.

Still, SEC filings show that on Dec 24, GLAZER CAPITAL, LLC (10% Owner) disposed off 60,000 shares at an average price of $10.48 for $0.63 million. The insider now directly holds 3,922,238 shares of Acamar Partners Acquisition Corp. (ACAM).

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