How have the shares performed?
ArcLight Clean Transition Corp. (ACTC) saw an uptrend of 1.87% in the recent trading with $16.30 being its most recent. The current price level -47.52% lower than the highest price of $31.06 marked by the stock while trading over the past 52-weeks, whereas it is 68.04% higher than the lowest price of $9.70 the company dropped to over past 52-weeks. The latest news story on ACTC appeared in Motley Fool under the title “1 Small-Cap Stock With a $260 Billion Opportunity” on May-16-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -10.64% below one month high and is +23.48% above of the lowest during that time. Looking into the simple moving average, ArcLight Clean Transition Corp. (ACTC)’s stock stands at a SMA-50 of $16.32 while that of 5-day is reading $16.35.
ArcLight Clean Transition Corp. Earnings – What Happened With ACTC
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.
ACTC – ArcLight Clean Transition 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 34.69 million. ACTC does have institutional investors; and they hold 38.60% of the stock.
ArcLight Clean Transition Corp. – Insider Activity and Holdings
As on Dec 30, 2020, Adage Capital Partners GP L.L.C. was the top most holder in ArcLight Clean Transition Corp. (NASDAQ:ACTC) with an ownership of 2.25 million shares of the company or 8.11% of the stake worth $24.93 million. The filing also reveals Hudson Bay Capital Management LP as the second largest holder in the company with a control over 4.50% of the outstanding shares. Its stake is worth $13.85 million for having 1.25 million shares in hand.
Weiss Asset Management LP also came holding a key position in the company during the recent quarter and it now holds 3.21% of the outstanding shares. With this there are now 55 institutions which have possession in ACTC’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, ArcLight Clean Transition Corp. has a debt to equity ratio of 0.00.
Technical Analysis of ArcLight Clean Transition Corp. (NASDAQ:ACTC) stock