Rice Acquisition Corp. (NYSE: RICE) is 41.46% higher on its value in year-to-date trading and has touched a low of $9.62 and a high of $14.08 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 RICE stock was last observed hovering at around $10.10 in the last trading session, with the day’s gains setting it 5.22%.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.
Currently trading at $15.32, the stock is 50.20% and 40.62% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 119.53 million and changing 51.68% at the moment leaves the stock 39.93% off its SMA200. The firm has a 50-day simple moving average (SMA 50) of $10.46 and a 200-day simple moving average (SMA200) of $10.95.
The stock witnessed a 51.08% in the last 1 month and extending the period to 3 months gives it a 43.31%, and is 51.53% 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 5.26% over the week and 3.37% over the month.
Distance from 52-week low is 59.25% and 8.81% from its 52-week high.
Rice Acquisition Corp. quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $445.81M over the same period., but quarterly earnings will post 105.50% year-over-year. Quarterly sales are estimated to grow 56.90% in year-over-year returns.
Rice Acquisition Corp. (RICE) Top Institutional Holders
18 institutions hold shares in Rice Acquisition Corp. (RICE), with institutional investors hold 39.03% of the company’s shares. The shares outstanding are 29.66M, and float is at 17.55M with Short Float at 1.15%. Institutions hold 39.03% of the Float.