The consensus among analysts is that Forum Merger II Corporation (FMCI) is a 0 stock at the moment, with a recommendation rating of 0. None of the analysts rate the stock as a Sell, while none rate it as Overweight. None out of 0 have rated it as a Hold, with no one of them advising it as a Buy. None have rated the stock as Underweight.
Forum Merger II Corporation (NASDAQ:FMCI) trade information
Sporting 1.05% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Friday, Jun 26 when the FMCI stock price touched $19.08- or saw a rise of 9.33%. Year-to-date, Forum Merger II Corporation shares have moved 69.44%, while the 5-day performance has seen it change -2.86%. Over the past 30 days, the shares of Forum Merger II Corporation (NASDAQ:FMCI) have changed 34%. Short interest in the company has seen 367.36 Million shares shorted with days to cover at 179.2.
Forum Merger II Corporation (FMCI) estimates and forecasts
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +0% over the past 5 years. Earnings growth for 2020 is a modest +0% while over the next 5 years, the company’s earnings are expected to increase by 0%.
Forum Merger II Corporation (NASDAQ:FMCI)’s Major holders
Insiders own 26.89% of the company shares, while shares held by institutions stand at 97.77% with a share float percentage of 133.74%. Investors are also buoyed by the number of investors in a company, with Forum Merger II Corporation having a total of 49 institutions that hold shares in the company. The top two institutional holders are Glazer Capital LLC with over 2.05 Million shares worth more than $21.13 Million. As of March 30, 2020, Glazer Capital LLC held 9.94% of shares outstanding.
The other major institutional holder is Berkley W R Corp, with the holding of over 1.73 Million shares as of March 30, 2020. The firm’s total holdings are worth over $17.8 Million and represent 8.38% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are RiverPark Fds Tr-RiverPark Short Term High Yield Fd and Merger Fund, The. As of March 30, 2020, the former fund manager holds about 3.87% shares in the company for having 800000 shares of worth $8.23 Million while later fund manager owns 613.23 Thousand shares of worth $6.31 Million as of March 30, 2020, which makes it owner of about 2.97% of company’s outstanding stock.