How have the shares performed?
Cerberus Telecom Acquisition Corp. (CTAC) saw an uptrend of 0.30% in the recent trading with $9.94 being its most recent. The current price level -11.57% lower than the highest price of $11.24 marked by the stock while trading over the past 52-weeks, whereas it is 2.26% higher than the lowest price of $9.72 the company dropped to over past 52-weeks. The latest news story on CTAC appeared in Business Wire under the title “KORE and Koch Strategic Platforms to Explore New IoT Innovations” on Jun-09-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -0.31% below one month high and is +0.91% above of the lowest during that time. Looking into the simple moving average, Cerberus Telecom Acquisition Corp. (CTAC)’s stock stands at a SMA-50 of $9.91 while that of 5-day is reading $9.92.
Cerberus Telecom Acquisition Corp. Earnings – What Happened With CTAC
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.
CTAC – Cerberus Telecom 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 33.22 million. CTAC does have institutional investors; and they hold 81.90% of the stock.
Cerberus Telecom Acquisition Corp. – 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, CTAC declared 0 shares have been sold in 0 insider transactions over the past three months.
As on Mar 30, 2021, Weiss Asset Management LP was the top most holder in Cerberus Telecom Acquisition Corp. (NYSE:CTAC) with an ownership of 2.18 million shares of the company or 8.14% of the stake worth $21.56 million. The filing also reveals Linden Advisors LP as the second largest holder in the company with a control over 5.44% of the outstanding shares. Its stake is worth $14.41 million for having 1.46 million shares in hand.
Fortress Investment Group LLC also came holding a key position in the company during the recent quarter and it now holds 4.58% of the outstanding shares. With this there are now 71 institutions which have possession in CTAC’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 Cerberus Telecom Acquisition Corp. was 2.78 while posting a debt to equity ratio of 0.00.