How have the shares performed?
RedBall Acquisition Corp. (RBAC) saw downtrend of -0.61% in the recent trading with $9.80 being its most recent. The current price level -20.97% lower than the highest price of $12.40 marked by the stock while trading over the past 52-weeks, whereas it is 0.42% higher than the lowest price of $9.76 the company dropped to over past 52-weeks. The latest news story on RBAC appeared in Benzinga under the title “RedBall Acquisition Shares Fall As Boston Red Sox SPAC Deal Looks To Have Failed” on Jan-25-21.
Looking into the simple moving average, RedBall Acquisition Corp. (RBAC)’s stock stands at a SMA-50 of $9.95 while that of 5-day is reading $9.85.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform.
RedBall Acquisition Corp. Earnings – What Happened With RBAC
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.
RBAC – RedBall 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 71.88 million. RBAC does have institutional investors; and they hold 65.30% of the stock.
RedBall Acquisition Corp. – Insider Activity and Holdings
As on Dec 30, 2020, Baupost Group, Inc,.(The) LLC was the top most holder in RedBall Acquisition Corp. (NYSE:RBAC) with an ownership of 4.95 million shares of the company or 8.61% of the stake worth $53.91 million. The filing also reveals Millennium Management LLC as the second largest holder in the company with a control over 7.45% of the outstanding shares. Its stake is worth $46.66 million for having 4.28 million shares in hand.
Linden Advisors LP also came holding a key position in the company during the recent quarter and it now holds 4.64% of the outstanding shares. With this there are now 106 institutions which have possession in RBAC’s shares.
Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform.
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 RedBall Acquisition Corp. was 1.71 while posting a debt to equity ratio of 0.00.