Market cap of Churchill Capital Corp X [CCCX] reaches 220.87M – now what?

Brandon Evans

Churchill Capital Corp X [NASDAQ: CCCX] price surged by 4.15 percent to reach at $0.85.

A sum of 5976399 shares traded at recent session while its average daily volume was at 3.07M shares. Churchill Capital Corp X shares reached a high of $23.17 and dropped to a low of $20.8 until finishing in the latest session at $21.34.

Guru’s Opinion on Churchill Capital Corp X [CCCX]:

The Price to Book ratio for the last quarter was 2.68, with the Price to Cash per share for the same quarter was set at 0.12.

CCCX Stock Performance Analysis:

Churchill Capital Corp X [CCCX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.74.

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 CCCX stock in for the last two-week period is set at 60.19, with the RSI for the last a single of trading hit 3.15, and the three-weeks RSI is set at 2.27 for Churchill Capital Corp X [CCCX]. The present Moving Average for the last 50 days of trading for this stock 14.21, while it was recorded at 19.40 for the last single week of trading.

Churchill Capital Corp X (CCCX) Capital Structure & Debt Analysis

Churchill Capital Corp X (CCCX) Efficiency & Liquidity Metrics

Based on Churchill Capital Corp X’s (CCCX) latest financial statements, the Debt-to-Equity Ratio is 0.00%, indicating its reliance on debt financing relative to shareholder equity.

Churchill Capital Corp X (CCCX) Efficiency & Liquidity Metrics

Churchill Capital Corp X [CCCX] Institutonal Ownership Details

There are presently around $7.72%, or 7.83%% of CCCX stock, in the hands of institutional investors.

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