How have the shares performed?
FinServ Acquisition Corp. (FSRV) saw an uptrend of 9.70% in the recent trading with $12.21 being its most recent. The current price level -37.87% lower than the highest price of $19.65 marked by the stock while trading over the past 52-weeks, whereas it is 27.99% higher than the lowest price of $9.54 the company dropped to over past 52-weeks. The latest news story on FSRV appeared in PR Newswire under the title “Katapult onboards twenty-six retail partners in the first quarter” on May-12-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -12.16% below one month high and is +16.29% above of the lowest during that time. Looking into the simple moving average, FinServ Acquisition Corp. (FSRV)’s stock stands at a SMA-50 of $13.07 while that of 5-day is reading $11.25.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and FSRV’s SMA-200 as of now is $12.28.
FinServ Acquisition Corp. Earnings – What Happened With FSRV
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.
FSRV – FinServ Acquisition Corp. Stock Earnings Estimates
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 31.91 million. FSRV does have institutional investors; and they hold 68.50% of the stock.
FinServ Acquisition Corp. – Insider Activity and Holdings
As on Mar 31, 2021, Iridian Asset Management LLC was the top most holder in FinServ Acquisition Corp. (NASDAQ:FSRV) with an ownership of 5.06 million shares of the company or 19.72% of the stake worth $66.32 million. The filing also reveals Park West Asset Management LLC as the second largest holder in the company with a control over 8.85% of the outstanding shares. Its stake is worth $29.74 million for having 2.27 million shares in hand.
Suvretta Capital Management, LLC also came holding a key position in the company during the recent quarter and it now holds 8.77% of the outstanding shares. With this there are now 66 institutions which have possession in FSRV’s shares.
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, current ratio recorded by FinServ Acquisition Corp. was 6.59 while posting a debt to equity ratio of 0.00.
FinServ Acquisition Corp.’s return on equity, or ROE, is 0.10%, compared to the industry average of -0.61% for Financial – Shell Companies. Although this indicates that FSRV uses its equity well, the metric will vary significantly depending on the industry.
Technical Analysis of FinServ Acquisition Corp. (NASDAQ:FSRV) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for FinServ Acquisition Corp. (FSRV), we notice that the stock’s 20-day average volume is at 394,810 shares and 50% of short term indicators are suggesting the stock as Sell. Its 50-day average volume of 489,228 shares. And to end, FSRV’s 100-day average volume is 795,796 shares with 50% of the long-term indicators pointing towards Sell for the stock.