The latest trade, Performances and Moving Averages give us the following Picture
The share price of Concord Acquisition Corp II (NYSE:CNDA) dipped 0.00% to close Wednesday’s market session at $9.81, lower as compared to yesterday’s close. The stock price fluctuated between $9.80 and $9.84 throughout the trading session with the volume trading being 470105 shares, which represented a significant variation when compared to the three months average volume of 42.04K shares. The firm’s stock price fluctuated 0.10% within the last five trades and 0.82% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 1.87% in the last 6 months and 1.34% was added to its value over the previous 3 months. CNDA stock is trading at a margin of 0.14%, 0.63% and 0.86% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, CNDA deals in the Financial domain. The stock is trading -4.06 percent below its 52-week high and 2.19 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 0.8. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Concord Acquisition Corp II’s Profitability and Valuation Ratios Tell Us About the Stock?
The stock’s market cap achieved a total value of $343.45 million as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Concord Acquisition Corp II (NYSE:CNDA) is 24.28.