New Providence Acquisition Corp. (NASDAQ: NPA) is 29.01% higher on its value in year-to-date trading and has touched a low of $9.50 and a high of $25.37 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NPA stock was last observed hovering at around $19.35 in the last trading session, with the day’s loss setting it -1.83%.
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Currently trading at $17.52, the stock is 2.02% and 20.97% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.61 million and changing -9.46% at the moment leaves the stock 57.00% off its SMA200. NPA registered 78.41% gain for a year compared to 6-month gain of 74.16%. The firm has a 50-day simple moving average (SMA 50) of $15.88 and a 200-day simple moving average (SMA200) of $11.73.
The stock witnessed a 8.15% loss in the last 1 month and extending the period to 3 months gives it a 72.44%, and is -12.71% 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 9.28% over the week and 12.77% over the month.
Current P/E ratio is 438.00. Distance from 52-week low is 84.42% and -30.94% from its 52-week high.
New Providence Acquisition Corp. (NPA) Top Institutional Holders
55 institutions hold shares in New Providence Acquisition Corp. (NPA), with institutional investors hold 85.87% of the company’s shares. The shares outstanding are 7.01M, and float is at 1.27M with Short Float at 30.34%. Institutions hold 85.87% of the Float.
The top institutional shareholder in the company is UBS O’Connor LLC with over 2.28 million shares valued at $30.92 million. The investor’s holdings represent 7.92% of the NPA Shares outstanding. As of Dec 30, 2020, the second largest holder is Magnetar Financial LLC with 1.51 million shares valued at $20.57 million to account for 5.27% of the shares outstanding. The other top investors are EJF Capital LLC which holds 1.27 million shares representing 4.43% and valued at over $17.3 million, while Polar Asset Management Partners Inc. holds 3.48% of the shares totaling 1.0 million with a market value of $13.58 million.