Market cap of Independence Holdings Corp. [ACQR] reaches 627.87M – now what?

Independence Holdings Corp. [NASDAQ: ACQR] gained 0.10% or 0.01 points to close at $10.14 with a heavy trading volume of 549182 shares.

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It opened the trading session at $10.60, the shares rose to $10.60 and dropped to $10.14, the range by which the price of stock traded the whole day. The daily chart for ACQR points out that the company has recorded 3.47% gains over the past six months. However, it is still -4.86% lower than its most recent low trading price.

If we look at the average trading volume of 450.77K shares, ACQR reached to a volume of 549182 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 Independence Holdings Corp. [ACQR]:

The Average True Range (ATR) for Independence Holdings Corp. is set at 0.08 The Price to Book ratio for the last quarter was 1.31, with the Price to Cash per share for the same quarter was set at 0.01.

Trading performance analysis for ACQR stock

Independence Holdings Corp. [ACQR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.20. With this latest performance, ACQR shares gained by 0.82% in over the last four-week period, additionally plugging by 3.47% over the last 6 months – not to mention a rise of 3.58% 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 ACQR stock in for the last two-week period is set at 86.85, with the RSI for the last a single of trading hit 90.40, and the three-weeks RSI is set at 84.05 for Independence Holdings Corp. [ACQR]. The present Moving Average for the last 50 days of trading for this stock 10.04, while it was recorded at 10.13 for the last single week of trading, and 9.88 for the last 200 days.

Independence Holdings Corp. [ACQR]: A deeper dive into fundamental analysis

Return on Equity for this stock inclined to 1.10, with Return on Assets sitting at 1.03.

Independence Holdings Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 13.60 and a Current Ratio set at 13.60.

An analysis of insider ownership at Independence Holdings Corp. [ACQR]

29 institutional holders increased their position in Independence Holdings Corp. [NASDAQ:ACQR] by around 5,912,281 shares. Additionally, 20 investors decreased positions by around 3,746,700 shares, while 36 investors held positions by with 34,505,881 shares. The mentioned changes placed institutional holdings at 44,164,862 shares, according to the latest SEC report filing. ACQR stock had 6 new institutional investments in for a total of 857,767 shares, while 8 institutional investors sold positions of 1,860,336 shares during the same period.


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