Qell Acquisition Corp. (NASDAQ: QELL) is -17.49% lower on its value in year-to-date trading and has touched a low of $9.76 and a high of $15.53 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 QELL stock was last observed hovering at around $9.92 in the last trading session, with the day’s gains setting it 0.22%.
Currently trading at $10.14, the stock is -2.10% and -16.19% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.22 million and changing 2.22% at the moment leaves the stock -15.96% off its SMA200. The firm has a 50-day simple moving average (SMA 50) of $11.49 and a 200-day simple moving average (SMA200) of $12.07.
The stock witnessed a -14.29% in the last 1 month and extending the period to 3 months gives it a -22.30%, and is 0.80% up 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 1.83% over the week and 3.09% over the month.
Distance from 52-week low is 3.89% and -34.71% from its 52-week high.
Qell Acquisition Corp. (QELL) Top Institutional Holders
The top institutional shareholder in the company is Adage Capital Partners GP L.L.C. with over 2.5 million shares valued at $30.73 million. The investor’s holdings represent 6.59% of the QELL Shares outstanding. As of Dec 30, 2020, the second largest holder is Hartree Partners, LP with 1.75 million shares valued at $21.51 million to account for 4.61% of the shares outstanding. The other top investors are CIBC Private Wealth Group, LLC which holds 1.05 million shares representing 2.77% and valued at over $12.92 million, while Aristeia Capital, LLC holds 2.61% of the shares totaling 0.99 million with a market value of $12.15 million.