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Crescent Acquisition Corp. (NASDAQ:CRSA) trading 7.32% higher than its 52 week low: What does Wall Street Say?

How have the shares performed?


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Crescent Acquisition Corp. (CRSA) saw downtrend of 0.00% in the recent trading with $10.13 being its most recent. The current price level -22.73% lower than the highest price of $13.11 marked by the stock while trading over the past 52-weeks, whereas it is 7.32% higher than the lowest price of $9.44 the company dropped to over past 52-weeks. The latest news story on CRSA appeared in Business Wire under the title “LiveVox to Present at the Northland Capital Markets Customer Engagement SaaS Conference on Tuesday, June 15th” on Jun-09-21.

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Squeezing the time span to 30 day period shows us the stock is currently trading -0.39% below one month high and is +0.80% above of the lowest during that time. Looking into the simple moving average, Crescent Acquisition Corp. (CRSA)’s stock stands at a SMA-50 of $10.09 while that of 5-day is reading $10.13.

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 CRSA’s SMA-200 as of now is $10.18.

Crescent Acquisition Corp. Earnings – What Happened With CRSA

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.

CRSA – Crescent 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 31.24 million. CRSA does have institutional investors; and they hold 86.80% of the stock.

Crescent Acquisition Corp. – Insider Activity and Holdings

As on Mar 30, 2021, Berkley W R Corp was the top most holder in Crescent Acquisition Corp. (NASDAQ:CRSA) with an ownership of 1.94 million shares of the company or 7.77% of the stake worth $19.52 million. The filing also reveals Jennison Associates LLC as the second largest holder in the company with a control over 5.48% of the outstanding shares. Its stake is worth $13.78 million for having 1.37 million shares in hand.

Taconic Capital Advisors, LP also came holding a key position in the company during the recent quarter and it now holds 4.68% of the outstanding shares. With this there are now 70 institutions which have possession in CRSA’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, Crescent Acquisition Corp. has a debt to equity ratio of 0.00.

Crescent Acquisition Corp.’s return on equity, or ROE, is -5.00%, compared to the industry average of -1.03% for Financial – Shell Companies. Although this indicates that CRSA fails to use its equity well, the metric will vary significantly depending on the industry.

Technical Analysis of Crescent Acquisition Corp. (NASDAQ:CRSA) stock

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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 Crescent Acquisition Corp. (CRSA), we notice that the stock’s 20-day average volume is at 619,445 shares. Medium term indicators at an average of 50% are spotting the stock at Sell with its 50-day average volume of 368,952 shares. And to end, CRSA’s 100-day average volume is 520,860 shares with 75% of the long-term indicators pointing towards Sell for the stock.

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