Churchill Capital Corp VII (NYSE:CVII) currently has a daily average trading volume of 655.60K but it saw 280222 shares traded on Wednesday. With a market cap of 1.71B USD, stock’s current market price of $9.94 came falling about -0.10 while comparing to the previous closing price of $9.95. In past 52 weeks, the stock remained buoying in the range of price level as high as $10.01 and as low as $9.68. In the recent trading on the day, stock has struck highest price mark of $9.96 while lowest mark touched by it was $9.94.
Taking a look at 20-day trading activity of Churchill Capital Corp VII (CVII) gives us an average price of $9.95, while its current price level is -0.70% below from 52-week high level whereas it is 2.69% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $9.90 while that of 200 days or SMA-200 reads an average of $9.80. A closer look into the stock’s movement over the week reveals that its volatility is standing at 0.22% during that period while stretching the period over a month that increases to 0.27%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 53.68 which implies that the stock is in neutral territory.
Data by FactSet Research shows that 0 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 0 analysts suggested the investors to Buy the stock while 0 advised them to Hold.
Year-to-date it is 1.12% up and over the past year, the stock is showing an upside performance of 1.12%.
Currently, Churchill Capital Corp VII’s total number of outstanding shares is 172.50M with 0.00% of that held by the insiders while 82.68% of its common stock has been owned by the institutions. Company’s return on equity (ROE) at 4.00%. It has a price to earnings ratio (P/E ratio) of 32.91. Stock has a price to book (P/B) ratio of 1.29. Its return on asset (ROA) is 3.80% on average.
As per SEC documents, First Trust Merger Arbitrage Fund sought 982,110 of company’s common stock of worth $9.78 million as per recent closing price of the stock. First Trust Merger Arbitrage Fund is not the only institutional holder which restructured its stake in Churchill Capital Corp VII, as JPMorgan Funds – Multi-Manager Al picked 965,340 shares of worth $9.61 million to bring its holdings to a total of 0.18 million shares.