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MELI Kaszek Pioneer Corp (MEKA) – Don’t Be So Quick to Call it Dead

MELI Kaszek Pioneer Corp (NASDAQ: MEKA) is 2.20% higher on its value in year-to-date trading and has touched a low of $9.82 and a high of $10.71 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 MEKA stock was last observed hovering at around $10.18 in the last trading session, with the day’s gains setting it 0.02%.

Currently trading at $10.20, the stock is 0.04% and 0.62% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.62 million and changing 0.20% at the moment leaves the stock 1.98% off its SMA200. MEKA registered 0.49% gain for a year compared to 6-month gain of 2.41%.

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The stock witnessed a 0.49% loss in the last 1 month and extending the period to 3 months gives it a 2.60%, and is 0.10% 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 0.50% over the week and 0.74% over the month.

Current P/E ratio is 3.61. Distance from 52-week low is 3.87% and -4.73% from its 52-week high.

MELI Kaszek Pioneer Corp (MEKA) Analyst Forecasts

The EPS is expected to grow by 241.00% this year

MELI Kaszek Pioneer Corp (MEKA) Top Institutional Holders

The shares outstanding are 29.73M, and float is at 13.22M with Short Float at 0.03%.

MELI Kaszek Pioneer Corp (MEKA) Insider Activity

A total of 0 insider transactions have happened at MELI Kaszek Pioneer Corp (MEKA) in the last six months, with sales accounting for 0 and purchases happening 0 times.

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