Concord Acquisition Corp (NYSE:CND) went down by -0.10% from its latest closing price compared to the recent 1-year high of $11.15. The company’s stock price has collected -0.79% of loss in the last five trading sessions. Barron’s reported on 10/05/21 that Bitcoin Is Back Over $50,000. Cryptos Continue to Climb a Wall of Worry.
Is It Worth Investing in Concord Acquisition Corp (NYSE :CND) Right Now?
Opinions of the stock are interesting as 0 analysts out of 0 who provided ratings for Concord Acquisition Corp declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
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CND currently public float of 27.84M and currently shorts hold a 6.45% ratio of that float. Today, the average trading volume of CND was 333.06K shares.
CND’s Market Performance
CND stocks went down by -0.79% for the week, with a monthly drop of -1.38% and a quarterly performance of -0.30%. The volatility ratio for the week stands at 1.11% while the volatility levels for the past 30 days are set at 0.81% for Concord Acquisition Corp. The simple moving average for the period of the last 20 days is -0.64% for CND stocks with a simple moving average of -0.18% for the last 200 days.
CND Trading at -1.92% from the 50-Day Moving Average
After a stumble in the market that brought CND to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.04% of loss for the given period.
Volatility was left at 0.81%, however, over the last 30 days, the volatility rate increased by 1.11%, as shares sank -1.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.75% lower at present.
During the last 5 trading sessions, CND fell by -0.79%, in comparison to the 20-day moving average, which settled at $10.09. In addition, Concord Acquisition Corp saw -0.50% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for CND
The liquidity ratio also appears to be rather interesting for investors as it stands at 15.44.