Sustainable Opportunities Acquisition Corp. (SOAC) Analysis & Forecast for 2021

Sustainable Opportunities Acquisition Corp. (NYSE: SOAC) is 5.67% higher on its value in year-to-date trading and has touched a low of $9.70 and a high of $12.38 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 SOAC stock was last observed hovering at around $11.68 in the last trading session, with the day’s loss setting it -0.31%.


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Currently trading at $11.37, the stock is -1.47% and 1.74% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.92 million and changing -2.65% at the moment leaves the stock 9.62% off its SMA200. SOAC registered a gain of 16.62% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $11.38 and a 200-day simple moving average (SMA200) of $10.46.

The stock witnessed a -3.23% loss in the last 1 month and extending the period to 3 months gives it a 13.47%, and is -0.96% 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 7.25% over the week and 4.63% over the month.

Distance from 52-week low is 17.22% and -8.14% from its 52-week high.

Sustainable Opportunities Acquisition Corp. (SOAC) Analyst Forecasts

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Sustainable Opportunities Acquisition Corp. (SOAC) Top Institutional Holders

48 institutions hold shares in Sustainable Opportunities Acquisition Corp. (SOAC), with institutional investors hold 53.67% of the company’s shares. Institutions hold 53.67% of the Float.

The top institutional shareholder in the company is Periscope Capital Inc. with over 1.2 million shares valued at $12.93 million. The investor’s holdings represent 4.01% of the SOAC Shares outstanding. As of Dec 30, 2020, the second largest holder is Yaupon Capital Management, LP with 1.18 million shares valued at $12.68 million to account for 3.93% of the shares outstanding. The other top investors are Linden Advisors LP which holds 0.96 million shares representing 3.19% and valued at over $10.3 million, while Aristeia Capital, LLC holds 2.74% of the shares totaling 0.82 million with a market value of $8.86 million.

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