Tortoise Acquisition Corp. II (NYSE: SNPR) is -4.69% lower on its value in year-to-date trading and has touched a low of $9.46 and a high of $18.33 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 SNPR stock was last observed hovering at around $10.29 in the last trading session, with the day’s loss setting it -0.14%.
Currently trading at $10.15, the stock is -2.14% and -10.20% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.41 million and changing -1.36% at the moment leaves the stock -10.74% off its SMA200. The firm has a 50-day simple moving average (SMA 50) of $10.62 and a 200-day simple moving average (SMA200) of $11.37.
The stock witnessed a -2.87% In the last 1 month and extending the period to 3 months gives it a -11.04%, and is -1.36% 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 2.36% over the week and 2.89% over the month.
Distance from 52-week low is 7.29% and -44.63% from its 52-week high.
Tortoise Acquisition Corp. II (SNPR) Analyst Forecasts
Tortoise Acquisition Corp. II (SNPR) Top Institutional Holders
71 institutions hold shares in Tortoise Acquisition Corp. II (SNPR), with institutional investors hold 50.46% of the company’s shares. The shares outstanding are 43.12M, and float is at 24.38M with Short Float at 14.15%. Institutions hold 50.46% of the Float.
The top institutional shareholder in the company is Adage Capital Partners GP L.L.C. with over 1.5 million shares valued at $15.97 million. The investor’s holdings represent 4.35% of the SNPR Shares outstanding. As of Dec 30, 2020, the second largest holder is Millennium Management LLC with 1.32 million shares valued at $14.1 million to account for 3.84% of the shares outstanding. The other top investors are CIBC Private Wealth Group, LLC which holds 1.0 million shares representing 2.90% and valued at over $10.65 million, while Linden Advisors LP holds 2.03% of the shares totaling 0.7 million with a market value of $7.46 million.
Tortoise Acquisition Corp. II (SNPR) Insider Activity
A total of 1 insider transactions have happened at Tortoise Acquisition Corp. II (SNPR) in the last six months, with sales accounting for 0 and purchases happening 1 times.