59 institutions hold shares in Northern Genesis Acquisition Corp. (NGA), with 7.99M shares held by insiders accounting for 20.00% while institutional investors hold 44.00% of the company’s shares. The shares outstanding are 39.93M, and float is at 31.95M with Short Float at 9.29%. Institutions hold 35.20% of the Float.
The top institutional shareholder in the company is Magnetar Financial LLC with over 2.56 million shares valued at $45.57 million. The investor’s holdings represent 6.42% of the NGA Shares outstanding. As of Dec 30, 2020, the second largest holder is Alberta Investment Managament Corp with 1.44 million shares valued at $25.55 million to account for 3.60% of the shares outstanding. The other top investors are BNP Paribas Asset Management Holding S.A. which holds 0.89 million shares representing 2.23% and valued at over $15.85 million, while EJF Capital LLC holds 2.17% of the shares totaling 0.87 million with a market value of $15.41 million.
Northern Genesis Acquisition Corp. (NYSE: NGA) is -4.72% lower on its value in year-to-date trading and has touched a low of $9.60 and a high of $35.25 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 NGA stock was last observed hovering at around $16.31 in the last trading session, with the day’s gains setting it 0.63%.
Currently trading at $16.94, the stock is -3.77% and -20.93% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.3 million and changing 3.86% at the moment leaves the stock -2.42% off its SMA200. The firm has a 50-day simple moving average (SMA 50) of $18.82 and a 200-day simple moving average (SMA200) of $17.36.
The stock witnessed a -5.10% in the last 1 month and extending the period to 3 months gives it a -4.88%, and is -6.41% 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 7.92% over the week and 10.76% over the month.
Distance from 52-week low is 76.46% and -51.94% from its 52-week high.