Market cap of Bright Lights Acquisition Corp. [BLTS] reaches 285.49M – now what?

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Bright Lights Acquisition Corp. [NASDAQ: BLTS] closed the trading session at $9.93 on 11/23/21. The day’s price range saw the stock hit a low of $9.87, while the highest price level was $10.41. The company report on November 23, 2021 that MANSCAPED™, a Leading Men’s Lifestyle and Consumer Brand, to Become a Publicly Traded Company via Business Combination With Bright Lights Acquisition Corp.

MANSCAPED, a leader and pioneer in men’s grooming, has entered into a definitive business combination agreement with Bright Lights Acquisition Corp. (Nasdaq:BLTS) (“Bright Lights”), led by Michael Mahan, Allen Shapiro, John Howard, and Hahn Lee; MANSCAPED is led by executive team Paul Tran, Kevin Datoo, Phillip Unthank, Ty Shay, Chee Min Hong, and Marcelo Kertész.


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The transaction implies a combined company enterprise value of approximately $1 billion.

The stocks have a year to date performance of 0.30 percent and weekly performance of 1.53 percent. The stock has been moved at 2.48 percent over the last six months. The stock has performed 1.95 percent around the most recent 30 days and changed 1.95 percent over the most recent 3-months.

If compared to the average trading volume of 13.37K shares, BLTS reached to a volume of 5361116 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Bright Lights Acquisition Corp. [BLTS]:

The Average True Range (ATR) for Bright Lights Acquisition Corp. is set at 0.06 The Price to Book ratio for the last quarter was 1.41, with the Price to Cash per share for the same quarter was set at 0.01.

BLTS stock trade performance evaluation

Bright Lights Acquisition Corp. [BLTS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.53. With this latest performance, BLTS shares gained by 1.95% in over the last four-week period, additionally plugging by 2.48% 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 BLTS stock in for the last two-week period is set at 82.81, with the RSI for the last a single of trading hit 90.42, and the three-weeks RSI is set at 76.25 for Bright Lights Acquisition Corp. [BLTS]. The present Moving Average for the last 50 days of trading for this stock 9.74, while it was recorded at 9.81 for the last single week of trading.

Bright Lights Acquisition Corp. [BLTS]: An insightful look at the core fundamentals

When it comes to the capital structure of this company, Bright Lights Acquisition Corp. [BLTS] has a Total Debt to Total Equity ratio set at 747.02. Additionally, BLTS Total Debt to Total Capital is recorded at 88.19, with Total Debt to Total Assets ending up at 42.38.

Reflecting on the efficiency of the workforce at the company, Bright Lights Acquisition Corp. [BLTS] managed to generate an average of -$2,125 per employee.Bright Lights Acquisition Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.20 and a Current Ratio set at 0.20.

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Bright Lights Acquisition Corp. [BLTS]: Insider Ownership positions

20 institutional holders increased their position in Bright Lights Acquisition Corp. [NASDAQ:BLTS] by around 2,252,571 shares. Additionally, 7 investors decreased positions by around 672,954 shares, while 43 investors held positions by with 14,589,068 shares. The mentioned changes placed institutional holdings at 17,514,593 shares, according to the latest SEC report filing. BLTS stock had 5 new institutional investments in for a total of 310,103 shares, while 6 institutional investors sold positions of 672,854 shares during the same period.

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