FinServ Acquisition Corp. (NASDAQ: FSRV) is 20.40% higher on its value in year-to-date trading and has touched a low of $9.20 and a high of $19.65 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 FSRV stock was last observed hovering at around $16.11 in the last trading session, with the day’s loss setting it -1.06%.
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Currently trading at $15.05, the stock is -11.99% and -0.93% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.31 million and changing -6.58% at the moment leaves the stock 33.34% off its SMA200. FSRV registered 52.48% gain for a year compared to 6-month gain of 50.95%. The firm has a 50-day simple moving average (SMA 50) of $16.78 and a 200-day simple moving average (SMA200) of $11.93.
The stock witnessed a -16.30% loss in the last 1 month and extending the period to 3 months gives it a 50.50%, and is -15.97% 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 6.76% over the week and 8.15% over the month.
Current P/E ratio is 684.09. Distance from 52-week low is 63.59% and -23.42% from its 52-week high.
FinServ Acquisition Corp. (FSRV) Analyst Forecasts
FinServ Acquisition Corp. (FSRV) Top Institutional Holders
57 institutions hold shares in FinServ Acquisition Corp. (FSRV), with institutional investors hold 85.14% of the company’s shares. The shares outstanding are 31.92M, and float is at 25.67M with Short Float at 4.45%. Institutions hold 85.14% of the Float.
The top institutional shareholder in the company is Iridian Asset Management LLC with over 4.4 million shares valued at $54.98 million. The investor’s holdings represent 17.14% of the FSRV Shares outstanding. As of Dec 30, 2020, the second largest holder is Suvretta Capital Management, LLC with 2.1 million shares valued at $26.25 million to account for 8.18% of the shares outstanding. The other top investors are Park West Asset Management LLC which holds 1.5 million shares representing 5.84% and valued at over $18.75 million, while Magnetar Financial LLC holds 4.56% of the shares totaling 1.17 million with a market value of $14.64 million.