Thursday, February 25, 2021

Silver Spike Acquisition Corp. [SSPK] gain 84.81% so far this year. What now?

Must read

OCUL stock: Ocular Therapeutix (OCUL) Is Better Than You Think

Ocular Therapeutix (OCUL) has performed well over the past year. OCUL has experienced a 248.76% gain in the last year, while its stock has...

The Goodyear Tire & Rubber Company (GT): Keeping an Eye On The Long Term

The Goodyear Tire & Rubber Company (NASDAQ: GT) has acquired rival Cooper Tire & Rubber Company (NYSE: CTB) for $2.8 billion. The takeover will...

Silver Spike Acquisition Corp. [NASDAQ: SSPK] loss -7.27% or -1.85 points to close at $23.60 with a heavy trading volume of 1730327 shares. The company report on December 16, 2020 that MERGER ALERT – CLCT, and SSPK: Levi & Korsinsky, LLP Reminds Investors of Investigations Concerning the Mergers of these Companies.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.

The following statement is being issued by Levi & Korsinsky, LLP:


A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .

Sponsored


Levi & Korsinsky, LLP announces that investigations have commenced on behalf of shareholders of the following publicly-traded companies.

It opened the trading session at $23.60, the shares rose to $25.23 and dropped to $23.3701, the range by which the price of stock traded the whole day. The daily chart for SSPK points out that the company has recorded 132.97% gains over the past six months. However, it is still -148.16% lower than its most recent low trading price.

If we look at the average trading volume of 1.45M shares, SSPK reached to a volume of 1730327 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Silver Spike Acquisition Corp. [SSPK]:

The Average True Range (ATR) for Silver Spike Acquisition Corp. is set at 1.77 The Price to Book ratio for the last quarter was 3.00, with the Price to Cash per share for the same quarter was set at 0.02.

Trading performance analysis for SSPK stock

Silver Spike Acquisition Corp. [SSPK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 26.27. With this latest performance, SSPK shares gained by 88.80% in over the last four-week period, additionally plugging by 132.97% over the last 6 months – not to mention a rise of 137.43% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SSPK stock in for the last two-week period is set at 75.54, with the RSI for the last a single of trading hit 75.23, and the three-weeks RSI is set at 75.33 for Silver Spike Acquisition Corp. [SSPK]. The present Moving Average for the last 50 days of trading for this stock 13.21, while it was recorded at 21.86 for the last single week of trading, and 10.84 for the last 200 days.

Silver Spike Acquisition Corp. [SSPK]: A deeper dive into fundamental analysis

Reflecting on the efficiency of the workforce at the company, Silver Spike Acquisition Corp. [SSPK] managed to generate an average of $539,386 per employee.Silver Spike Acquisition Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 1.40.

An analysis of insider ownership at Silver Spike Acquisition Corp. [SSPK]

There are presently around $485 million, or 78.60% of SSPK stock, in the hands of institutional investors. The top three institutional holders of SSPK stocks are: POLAR ASSET MANAGEMENT PARTNERS INC. with ownership of 3,021,028, which is approximately 0% of the company’s market cap and around 7.60% of the total institutional ownership; MIZUHO SECURITIES USA LLC, holding 1,313,095 shares of the stock with an approximate value of $30.99 million in SSPK stocks shares; and BANK OF MONTREAL /CAN/, currently with $28.32 million in SSPK stock with ownership of nearly New of the company’s market capitalization.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.

24 institutional holders increased their position in Silver Spike Acquisition Corp. [NASDAQ:SSPK] by around 5,542,110 shares. Additionally, 12 investors decreased positions by around 4,385,715 shares, while 15 investors held positions by with 10,615,756 shares. The mentioned changes placed institutional holdings at 20,543,581 shares, according to the latest SEC report filing. SSPK stock had 15 new institutional investments in for a total of 3,848,133 shares, while 2 institutional investors sold positions of 400,439 shares during the same period.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

The Goodyear Tire & Rubber Company (GT): Keeping an Eye On The Long Term

The Goodyear Tire & Rubber Company (NASDAQ: GT) has acquired rival Cooper Tire & Rubber Company (NYSE: CTB) for $2.8 billion. The takeover will...

OCUL stock: Ocular Therapeutix (OCUL) Is Better Than You Think

Ocular Therapeutix (OCUL) has performed well over the past year. OCUL has experienced a 248.76% gain in the last year, while its stock has...

Examining the Technicals of Levi Strauss & Co (NYSE: LEVI)

Levi Strauss & Co (NYSE: LEVI), one of the world's most famous denim brands, is recovering from the COVID-19 crisis. As a result of...

Philip Morris International’s Stock Is Driven By IQOS’s Increasing Growth: PM Stock

Shares of Philip Morris International (PM) reacted positively to the fourth quarter's earnings report. PM-related firms' stocks rose 8.77% for the week, with a...

AMC and GameStop Stocks Are No Longer Restricted In Robinhood

Robinhood Markets' decision to lift trading restrictions on GameStop and AMC Entertainment shares has resulted in their recovery before the conference. The two companies...

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the Newsheater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.