InterPrivate Acquisition Corp. (IPV) saw an uptrend of 9.15% in the recent trading with $17.90 being its most recent. The current price level -9.78% lower than the highest price of $19.84 marked by the stock while trading over the past 52-weeks, whereas it is 95.63% higher than the lowest price of $9.15 the company dropped to over past 52-weeks. The latest news story on IPV appeared in Yahoo Finance under the title “Two former Apple insiders are building a laser technology startup to fuel the electric car boom” on Jan-05-21.
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Squeezing the time span to 30 day period shows us the stock is currently trading -9.78% below one month high and is +41.39% above of the lowest during that time. Looking into the simple moving average, InterPrivate Acquisition Corp. (IPV)’s stock stands at a SMA-50 of $12.25 while that of 5-day is reading $15.89.
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 31.05 million. IPV does have institutional investors; and they hold 56.30% or $859.2 of the stock.
As on Sep 29, 2020, Karpus Management Inc was the top most holder in InterPrivate Acquisition Corp. (NYSE:IPV) with an ownership of 1.89 million shares of the company or 6.10% of the stake worth $18.95 million. The filing also reveals Hudson Bay Capital Management LP as the second largest holder in the company with a control over 6.01% of the outstanding shares. Its stake is worth $18.66 million for having 1.87 million shares in hand.
Glazer Capital LLC also came holding a key position in the company during the recent quarter and it now holds 5.96% of the outstanding shares. With this there are now 48 institutions which have possession in IPV’s shares.
Investors are for sure keenly observing the recommendations of analysts at Wall Street about the InterPrivate Acquisition Corp. And review of current evaluations agreed by the analysts discloses a Buy rating for IPV. Lower value of between 1 and 2 implies a Buy recommendation whereas the value in the range of above 4 suggests Hold while below 1 recommends the investors to Sell the stock.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, liquidity recorded by InterPrivate Acquisition Corp. was 0.00 while posting a debt to equity ratio of 0.00.
Company attained a return on equity (ROE) of 0.50% in past 12 months against the same posted by peer companies of the relevant industry. The rising figure indicates that IPV came strengthening itself from within over the past one year. A comparison of company’s ROE with that of the Shell Companies industry and with the broader scale at the Financial sector level shows that industry’s average ROE is -0.20.