Pershing Square Tontine Holdings Ltd. [PSTH] is -26.73% lower this YTD. Is it still time to buy?

Pershing Square Tontine Holdings Ltd. [NYSE: PSTH] jumped around 0.02 points on Thursday, while shares priced at $20.31 at the close of the session, up 0.10%. The company report on July 19, 2021 that Pershing Square Tontine Holdings, Ltd. Releases Letter to Shareholders.

Pershing Square Tontine Holdings, Ltd. (NYSE:PSTH) CEO Bill Ackman issued the following letter.

July 19, 2021.

Pershing Square Tontine Holdings Ltd. stock is now -26.73% down from its year-to-date (YTD) trading value. PSTH Stock saw the intraday high of $20.54 and lowest of $20.19 per share. The company’s 52-week high price is 34.10, which means current price is +0.92% above from all time high which was touched on 02/16/21.

Compared to the average trading volume of 3.12M shares, PSTH reached a trading volume of 3117714 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Pershing Square Tontine Holdings Ltd. [PSTH]?

The Average True Range (ATR) for Pershing Square Tontine Holdings Ltd. is set at 0.40 The Price to Book ratio for the last quarter was 1.25, with the Price to Cash per share for the same quarter was set at 0.12.

How has PSTH stock performed recently?

Pershing Square Tontine Holdings Ltd. [PSTH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.40. With this latest performance, PSTH shares dropped by -9.49% in over the last four-week period, additionally sinking by -25.85% over the last 6 months.

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 PSTH stock in for the last two-week period is set at 29.56, with the RSI for the last a single of trading hit 27.76, and the three-weeks RSI is set at 32.47 for Pershing Square Tontine Holdings Ltd. [PSTH]. The present Moving Average for the last 50 days of trading for this stock 22.62, while it was recorded at 20.35 for the last single week of trading, and 25.04 for the last 200 days.

Pershing Square Tontine Holdings Ltd. [PSTH]: Deeper insight into the fundamentals

Reflecting on the efficiency of the workforce at the company, Pershing Square Tontine Holdings Ltd. [PSTH] managed to generate an average of -$357,574 per employee.Pershing Square Tontine Holdings Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.40 and a Current Ratio set at 4.40.

Insider trade positions for Pershing Square Tontine Holdings Ltd. [PSTH]

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89 institutional holders increased their position in Pershing Square Tontine Holdings Ltd. [NYSE:PSTH] by around 16,655,080 shares. Additionally, 121 investors decreased positions by around 25,081,511 shares, while 31 investors held positions by with 61,505,503 shares. The mentioned changes placed institutional holdings at 103,242,094 shares, according to the latest SEC report filing. PSTH stock had 31 new institutional investments in for a total of 3,090,091 shares, while 67 institutional investors sold positions of 12,438,986 shares during the same period.

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