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Atlas Crest Investment Corp. (ACIC) – Don’t Believe the Hype: Check The Facts

33 institutions hold shares in Atlas Crest Investment Corp. (ACIC), with institutional investors hold 50.31% of the company’s shares. The shares outstanding are 62.50M, and float is at 37.50M with Short Float at 10.96%. Institutions hold 50.31% of the Float.

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The top institutional shareholder in the company is Linden Advisors LP with over 3.17 million shares valued at $31.88 million. The investor’s holdings represent 6.34% of the ACIC Shares outstanding. As of Dec 30, 2020, the second largest holder is Canyon Capital Advisors LLC with 2.5 million shares valued at $25.15 million to account for 5.00% of the shares outstanding. The other top investors are Millennium Management LLC which holds 2.0 million shares representing 4.00% and valued at over $20.12 million, while HBK Investments, L.P. holds 1.50% of the shares totaling 0.75 million with a market value of $7.54 million.

Atlas Crest Investment Corp. (NYSE: ACIC) is -1.49% lower on its value in year-to-date trading and has touched a low of $9.73 and a high of $18.60 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 ACIC stock was last observed hovering at around $9.90 in the last trading session, with the day’s gains setting it 0.01%.

Currently trading at $9.91, the stock is -1.15% and -11.12% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.73 million and changing 0.10% at the moment leaves the stock -9.61% off its SMA200. The firm has a 50-day simple moving average (SMA 50) of $10.24 and a 200-day simple moving average (SMA200) of $10.96.

The stock witnessed a -3.69% In the last 1 month and extending the period to 3 months gives it a -3.32%, and is 0.20% 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 0.66% over the week and 1.39% over the month.

Distance from 52-week low is 1.85% and -46.72% from its 52-week high.

Atlas Crest Investment Corp. (ACIC) Analyst Forecasts


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