InterPrivate Acquisition Corp. (NYSE: IPV) is 10.59% higher on its value in year-to-date trading and has touched a low of $9.15 and a high of $21.83 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 IPV stock was last observed hovering at around $19.09 in the last trading session, with the day’s loss setting it -3.01%.
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Currently trading at $16.08, the stock is -5.93% and -1.86% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.12 million and changing -15.77% at the moment leaves the stock 38.38% off its SMA200. IPV registered a gain of 61.93% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $17.07 and a 200-day simple moving average (SMA200) of $12.48.
The stock witnessed a -0.43% loss in the last 1 month and extending the period to 3 months gives it a 59.21%, and is -5.96% 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 10.41% over the week and 8.74% over the month.
Current P/E ratio is 365.45. Distance from 52-week low is 75.74% and -26.36% from its 52-week high.
InterPrivate Acquisition Corp. (IPV) Analyst Forecasts
InterPrivate Acquisition Corp. (IPV) Top Institutional Holders
48 institutions hold shares in InterPrivate Acquisition Corp. (IPV), with 1.49M shares held by insiders accounting for 20.25% while institutional investors hold 77.10% of the company’s shares. Institutions hold 61.49% of the Float.
The top institutional shareholder in the company is Karpus Management Inc with over 1.89 million shares valued at $18.95 million. The investor’s holdings represent 6.10% of the IPV Shares outstanding. As of Sep 29, 2020, the second largest holder is Hudson Bay Capital Management LP with 1.87 million shares valued at $18.66 million to account for 6.01% of the shares outstanding. The other top investors are Glazer Capital LLC which holds 1.85 million shares representing 5.96% and valued at over $18.5 million, while FMR, LLC holds 4.11% of the shares totaling 1.28 million with a market value of $18.57 million.