FTAC Hera Acquisition Corp. [HERA] Is Currently 0.20 below its 200 Period Moving Avg: What Does This Mean?

FTAC Hera Acquisition Corp. [NASDAQ: HERA] traded at a high on 01/09/23, posting a 0.20 gain after which it closed the day’ session at $10.14.

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The results of the trading session contributed to over 7506599 shares changing hands. Over the past one week, the price volatility of FTAC Hera Acquisition Corp. stands at 0.18% while the volatility over the past one month is 0.15%.

The market cap for HERA stock reached $1.10 billion, with 108.83 million shares outstanding and 85.66 million shares in the current float. Compared to the average trading volume of 266.97K shares, HERA reached a trading volume of 7506599 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about FTAC Hera Acquisition Corp. [HERA]?

The Average True Range (ATR) for FTAC Hera Acquisition Corp. is set at 0.02 The Price to Book ratio for the last quarter was 1.34, with the Price to Cash per share for the same quarter was set at 0.00.

How has HERA stock performed recently?

FTAC Hera Acquisition Corp. [HERA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.25. With this latest performance, HERA shares gained by 0.95% in over the last four-week period, additionally plugging by 3.42% over the last 6 months – not to mention a rise of 3.74% 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 HERA stock in for the last two-week period is set at 71.36, with the RSI for the last a single of trading hit 71.23, and the three-weeks RSI is set at 71.43 for FTAC Hera Acquisition Corp. [HERA]. The present Moving Average for the last 50 days of trading for this stock 10.04, while it was recorded at 10.12 for the last single week of trading, and 9.89 for the last 200 days.

FTAC Hera Acquisition Corp. [HERA]: Deeper insight into the fundamentals

FTAC Hera Acquisition Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 1.40.

Insider trade positions for FTAC Hera Acquisition Corp. [HERA]

There are presently around $805 million, or 91.00% of HERA stock, in the hands of institutional investors. The top three institutional holders of HERA stocks are: GLAZER CAPITAL, LLC with ownership of 6,360,116, which is approximately 143.229% of the company’s market cap and around 1.61% of the total institutional ownership; MILLENNIUM MANAGEMENT LLC, holding 5,738,996 shares of the stock with an approximate value of $58.16 million in HERA stocks shares; and ARISTEIA CAPITAL LLC, currently with $52.32 million in HERA stock with ownership of nearly 9.497% of the company’s market capitalization.

41 institutional holders increased their position in FTAC Hera Acquisition Corp. [NASDAQ:HERA] by around 13,656,823 shares. Additionally, 31 investors decreased positions by around 9,925,352 shares, while 61 investors held positions by with 55,851,815 shares. The mentioned changes placed institutional holdings at 79,433,990 shares, according to the latest SEC report filing. HERA stock had 14 new institutional investments in for a total of 3,117,004 shares, while 18 institutional investors sold positions of 6,781,176 shares during the same period.

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