How have the shares performed?
Tortoise Acquisition Corp. II (SNPR) saw an uptrend of 0.40% in the recent trading with $10.03 being its most recent. The current price level -45.28% lower than the highest price of $18.33 marked by the stock while trading over the past 52-weeks, whereas it is 6.03% higher than the lowest price of $9.46 the company dropped to over past 52-weeks. The latest news story on SNPR appeared in Simply Wall St. under the title “What Kind Of Investors Own Most Of Tortoise Acquisition Corp. II (NYSE:SNPR)?” on May-18-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -4.48% below one month high and is +1.72% above of the lowest during that time. Looking into the simple moving average, Tortoise Acquisition Corp. II (SNPR)’s stock stands at a SMA-50 of $10.26 while that of 5-day is reading $9.97.
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.
Tortoise Acquisition Corp. II Earnings – What Happened With SNPR
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.
SNPR – Tortoise Acquisition Corp. II 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 43.12 million. SNPR does have institutional investors; and they hold 42.90% of the stock.
Tortoise Acquisition Corp. II – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 0 new insider purchases involving 0 shares. On the other hand, SNPR declared 0 shares have been sold in 0 insider transactions over the past three months.
As on Dec 30, 2020, Adage Capital Partners GP L.L.C. was the top most holder in Tortoise Acquisition Corp. II (NYSE:SNPR) with an ownership of 1.5 million shares of the company or 4.35% of the stake worth $15.97 million. The filing also reveals Millennium Management LLC as the second largest holder in the company with a control over 3.84% of the outstanding shares. Its stake is worth $14.1 million for having 1.32 million shares in hand.
CIBC Private Wealth Group, LLC also came holding a key position in the company during the recent quarter and it now holds 2.90% of the outstanding shares. With this there are now 70 institutions which have possession in SNPR’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 Tortoise Acquisition Corp. II was 10.02 while posting a debt to equity ratio of 0.00.
Technical Analysis of Tortoise Acquisition Corp. II (NYSE:SNPR) stock