Forum Merger III Corporation (NASDAQ: FIII) is -19.87% lower on its value in year-to-date trading and has touched a low of $9.67 and a high of $15.30 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FIII stock was last observed hovering at around $11.42 in the last trading session, with the day’s loss setting it -0.57%.
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Currently trading at $10.85, the stock is -12.23% and -14.92% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.65 million and changing -4.99% at the moment leaves the stock -4.48% off its SMA200. The firm has a 50-day simple moving average (SMA 50) of $12.81 and a 200-day simple moving average (SMA200) of $11.36.
The stock witnessed a -17.36% In the last 1 month and extending the period to 3 months gives it a 0.00%, and is -9.66% 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 5.69% over the week and 5.90% over the month.
Distance from 52-week low is 12.20% and -29.08% from its 52-week high.
Forum Merger III Corporation (FIII) Analyst Forecasts
Forum Merger III Corporation (FIII) Top Institutional Holders
22 institutions hold shares in Forum Merger III Corporation (FIII), with institutional investors hold 21.48% of the company’s shares. The shares outstanding are 31.99M, and float is at 24.64M with Short Float at 3.28%. Institutions hold 21.48% of the Float.
The top institutional shareholder in the company is BNP Paribas Asset Management Holding S.A. with over 1.67 million shares valued at $22.55 million. The investor’s holdings represent 6.47% of the FIII Shares outstanding. As of Dec 30, 2020, the second largest holder is Marshall Wace North America L.P. with 1.16 million shares valued at $15.76 million to account for 4.52% of the shares outstanding. The other top investors are Alpine Global Management, LLC which holds 1.14 million shares representing 4.42% and valued at over $15.4 million, while Phoenix Holdings Ltd. holds 4.29% of the shares totaling 1.1 million with a market value of $14.94 million.