A Great Stock That Is Lost For Many Investors: Crescent Acquisition Corp. (CRSA)

Crescent Acquisition Corp. (NASDAQ: CRSA) is -0.48% lower on its value in year-to-date trading and has touched a low of $9.10 and a high of $13.11 in the current 52-week trading range. The CRSA stock was last observed hovering at around $10.40 in the last trading session, with the day’s gains setting it 0.73%.

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Currently trading at $11.13, the stock is 6.56% and 8.35% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.79 million and changing 7.02% at the moment leaves the stock 9.91% off its SMA200. CRSA registered 5.05% gain for a year compared to 6-month gain of 1.17%. The firm has a 50-day simple moving average (SMA 50) of $10.37 and a 200-day simple moving average (SMA200) of $10.18.

The stock witnessed a 0.19% loss in the last 1 month and extending the period to 3 months gives it a 3.48%, and is -0.19% 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 1.84% over the week and 1.75% over the month.

Current P/E ratio is 800.00. Distance from 52-week low is 22.31% and -15.10% from its 52-week high.

Crescent Acquisition Corp. (CRSA) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Crescent Acquisition Corp. (CRSA) 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.


Crescent Acquisition Corp. (CRSA) Top Institutional Holders

59 institutions hold shares in Crescent Acquisition Corp. (CRSA), with institutional investors hold 97.42% of the company’s shares. The shares outstanding are 31.25M, and float is at 25.00M with Short Float at 1.09%. Institutions hold 97.42% of the Float.

The top institutional shareholder in the company is Glazer Capital LLC with over 3.47 million shares valued at $34.87 million. The investor’s holdings represent 13.89% of the CRSA Shares outstanding. As of Sep 29, 2020, the second largest holder is Polar Asset Management Partners Inc. with 2.04 million shares valued at $20.43 million to account for 8.14% of the shares outstanding. The other top investors are Magnetar Financial LLC which holds 1.89 million shares representing 7.55% and valued at over $18.94 million, while Periscope Capital Inc. holds 5.92% of the shares totaling 1.48 million with a market value of $14.86 million.

Crescent Acquisition Corp. (CRSA) Insider Activity

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 5,000 shares of the company’s common stock on Jan 08 at a price of $10.65 per share for a total of $53250.0. Following the sale, the insider now owns 3.45 million shares.

Crescent Acquisition Corp. disclosed in a document filed with the SEC on Jan 05 that GLAZER CAPITAL, LLC (10% Owner) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Jan 05 and was made at $10.68 per share for $53400.0. Following the transaction, the insider now directly holds 3.45 million shares of the CRSA stock.

Still, SEC filings show that on Dec 23, GLAZER CAPITAL, LLC (10% Owner) disposed off 10,000 shares at an average price of $10.60 for $0.11 million. The insider now directly holds 3,457,971 shares of Crescent Acquisition Corp. (CRSA).

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