Churchill Capital Corp II (NYSE: CCX) is -3.48% lower on its value in year-to-date trading and has touched a low of $9.92 and a high of $11.99 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 CCX stock was last observed hovering at around $10.02 in the last trading session, with the day’s loss setting it -0.03% off its average median price target of $14.00 for the next 12 months. It is also 28.64% off the consensus price target high of $14.00 offered by 1 analysts, but current levels are 28.64% higher than the price target low of $14.00 for the same period.
Currently trading at $9.99, the stock is -0.29% and -0.44% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.15 million and changing -0.30% at the moment leaves the stock -3.23% off its SMA200. CCX registered -1.58% loss for a year compared to 6-month loss of -0.30%. The firm has a 50-day simple moving average (SMA 50) of $10.05 and a 200-day simple moving average (SMA200) of $10.21.
The stock witnessed a -0.10% gain in the last 1 month and extending the period to 3 months gives it a -2.63%, and is -0.20% 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 0.34% over the week and 0.33% over the month.
Distance from 52-week low is 0.71% and -16.68% from its 52-week high.
Churchill Capital Corp II (CCX) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Churchill Capital Corp II (CCX) is a “Buy”. 1 analysts offering their recommendations for the stock have an average rating of 2.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Churchill Capital Corp II quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to shrink by -127.90% this year.
Churchill Capital Corp II (CCX) Top Institutional Holders
The shares outstanding are 86.25M, and float is at 68.67M with Short Float at 3.96%.
The top institutional shareholder in the company is Merger Fund, The with over 0.8 million shares valued at $8.23 million. The investor’s holdings represent 1.15% of the CCX Shares outstanding. As of Dec 30, 2020, the second largest holder is Investment Managers Ser Tr-Vivaldi Merger Arbitrage Fd with 0.41 million shares valued at $4.28 million to account for 0.60% of the shares outstanding. The other top investors are SEI Institutional Managed Tr-Multi Strategy Alternative Fund which holds 63497.0 shares representing 0.09% and valued at over $0.66 million, while RiverNorth Opportunities Fd holds 0.08% of the shares totaling 56976.0 with a market value of $0.58 million.