Stable Road Acquisition Corp. (NASDAQ: SRAC) is 17.54% higher on its value in year-to-date trading and has touched a low of $9.20 and a high of $29.18 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 SRAC stock was last observed hovering at around $23.02 in the last trading session, with the day’s loss setting it -1.91%.
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Currently trading at $21.11, the stock is -11.86% and 3.31% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.87 million and changing -8.30% at the moment leaves the stock 63.94% off its SMA200. SRAC registered a gain of 112.37% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $22.25 and a 200-day simple moving average (SMA200) of $14.25.
The stock witnessed a -15.05% loss in the last 1 month and extending the period to 3 months gives it a 93.85%, and is -15.02% 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 10.12% over the week and 9.67% over the month.
Distance from 52-week low is 129.46% and -27.66% from its 52-week high.
Stable Road Acquisition Corp. (SRAC) Analyst Forecasts
Stable Road Acquisition Corp. (SRAC) Top Institutional Holders
46 institutions hold shares in Stable Road Acquisition Corp. (SRAC), with 18.4M shares held by insiders accounting for 83.22% while institutional investors hold 584.89% of the company’s shares. The shares outstanding are 22.11M, and float is at 11.12M with Short Float at 13.67%. Institutions hold 98.12% of the Float.
The top institutional shareholder in the company is 683 Capital Management LLC with over 0.86 million shares valued at $15.44 million. The investor’s holdings represent 4.83% of the SRAC Shares outstanding. As of Dec 30, 2020, the second largest holder is Susquehanna International Group, LLP with 0.71 million shares valued at $12.74 million to account for 3.98% of the shares outstanding. The other top investors are Healthcare of Ontario Pension Plan Trust Fund which holds 0.63 million shares representing 3.51% and valued at over $11.22 million, while Scoggin Management LP holds 3.37% of the shares totaling 0.6 million with a market value of $10.78 million.