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Should Investors Trust The Upside Potential In Kensington Capital Acquisition Corp. V (KCGI)?

Edison Carroll Edison by Edison Carroll Edison
March 17, 2023
in Technology and Energy
0

Kensington Capital Acquisition Corp. V (NYSE:KCGI) currently has a daily average trading volume of 138.76K but it saw 833102 shares traded on Thursday. With a market cap of 358.53M USD, stock’s current market price of $10.38 came falling about -0.05 while comparing to the previous closing price of $10.39. In past 52 weeks, the stock remained buoying in the range of price level as high as $10.42 and as low as $9.85. In the recent trading on the day, stock has struck highest price mark of $10.38 while lowest mark touched by it was $10.38.

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Taking a look at 20-day trading activity of Kensington Capital Acquisition Corp. V (KCGI) gives us an average price of $10.35, while its current price level is -0.38% below from 52-week high level whereas it is 5.38% 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 $10.30 while that of 200 days or SMA-200 reads an average of $10.07. A closer look into the stock’s movement over the week reveals that its volatility is standing at 0.15% during that period while stretching the period over a month that increases to 0.18%. 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 61.47 which implies that the stock is in neutral territory.

Over the week, KCGI’s stock price is moving -0.10% down while it is 0.73% when we observe its performance for the past one month. Year-to-date it is 1.81% up and over the past year, the stock is showing an upside performance of 4.85%.

Currently, Kensington Capital Acquisition Corp. V’s total number of outstanding shares is 34.50M with 0.00% of that held by the insiders while 93.66% of its common stock has been owned by the institutions. Company’s return on equity (ROE) at 7.20%. It has a price to earnings ratio (P/E ratio) of 32.54. Stock has a price to book (P/B) ratio of 1.34. Its return on asset (ROA) is 6.60% on average.

As per SEC documents, Calamos Market Neutral Income Fun sought 296,200 of company’s common stock of worth $3.07 million as per recent closing price of the stock. Calamos Market Neutral Income Fun is not the only institutional holder which restructured its stake in Kensington Capital Acquisition Corp. V, as Merger Fund picked 216,304 shares of worth $2.24 million to bring its holdings to a total of 38604.0 shares.

Tags: KCGIKCGI stockKensington Capital Acquisition Corp. VNYSE:KCGI
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