What should you know before buying stock in Compass Digital Acquisition Corp (CDAQ)

Compass Digital Acquisition Corp (NASDAQ: CDAQ) is 1.13% higher on its value in year-to-date trading and has touched a low of $10.45 and a high of $12.50 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 CDAQ stock was last observed hovering at around $10.76 in the last trading session, with the day’s gains setting it 0.01%.

Currently trading at $10.77, the stock is -1.16% and -0.88% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.2 million and changing 0.09% at the moment leaves the stock 1.32% off its SMA200. CDAQ registered 6.63% gain for a year compared to 6-month gain of 2.13%.

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The stock witnessed a -2.09% loss in the last 1 month and extending the period to 3 months gives it a 0.28%, and is 0.09% 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 0.09% over the week and 2.07% over the month.

Compass Digital Acquisition Corp (CDAQ) has around 2 employees, a market worth around $111.90M and $0.00M in sales. Current P/E ratio is 848.03. Distance from 52-week low is 3.06% and -13.84% from its 52-week high. The company has generated returns on investments over the last 12 months (2.46%).

Compass Digital Acquisition Corp (CDAQ) Top Institutional Holders

The shares outstanding are 5.79M, and float is at 2.71M with Short Float at 0.02%.

The top institutional shareholder in the company is FIRST TRUST CAPITAL MANAGEMENT L.P. with over 0.58 million shares valued at $6.3 million. The investor’s holdings represent 5.5115% of the CDAQ Shares outstanding. As of 2024-06-30, the second largest holder is POLAR ASSET MANAGEMENT PARTNERS INC. with 0.5 million shares valued at $$5.44 million to account for 4.7598 of the shares outstanding. The other top investors are RIVERNORTH CAPITAL MANAGEMENT, LLC which holds 0.5 million shares representing 4.7598% and valued at over $5.44 million, while CENTIVA CAPITAL, LP holds 4.7598 of the shares totaling 0.5 million with a market value of $5.44 million.