In recent trading session, Spartan Energy Acquisition Corp. (NYSE:SPAQ) saw 31,062,027 shares changing hands. Company’s recent per share price level of $16.72 trading at $2.07 or 13.81% at recent trade assigns it a market valuation of $1.18 Billion. That current trading price of SPAQ’s stock is at a discount of -10.65% from its 52-week high price of $18.5 and is indicating a premium of 41.69% from its 52-week low price of $9.75. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 6.53 Million shares which gives us an average trading volume of 972.43 Million if we extend that period to 3-months.
Spartan Energy Acquisition Corp. (NYSE:SPAQ) trade information
Upright in the green today for gaining 13.82%, in the last five days SPAQ remained trading in the green while hitting it’s week-highest on Friday, Jul 10 when the stock touched $18.40- price level, adding 6.79% to its value on the day. Spartan Energy Acquisition Corp.’s shares saw a change of 68.67% in year-to-date performance and have moved 58.06% in past 5-day. Spartan Energy Acquisition Corp. (NYSE:SPAQ) showed a performance of 66.5% in past 30-days. Number of shares sold short was 154.29 Million shares which calculate 0.16 days to cover the short interests.
Spartan Energy Acquisition Corp. (SPAQ) estimates and forecasts
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 0% during past 5 years. In 2020, company’s earnings growth rate is likely to be around 0% while estimates for its earnings growth in next 5 years are of 0%
Spartan Energy Acquisition Corp. (NYSE:SPAQ)’s Major holders
Insiders are in possession of 0% of company’s total shares while institution are holding 71.41% percent of that, with stock having share float percentage of 71.41%. Investors also watch the number of corporate investors in a company very closely, which is 48 institutions for Spartan Energy Acquisition Corp. that are currently holding shares of the company. Adage Capital Partners GP L.L.C. is the top institutional holder at SPAQ for having 4.95 Million shares of worth $50.11 Million. And as of March 30, 2020, it was holding 8.97% of the company’s outstanding shares.
The second largest institutional holder is Glazer Capital LLC, which was holding about 3.91 Million shares on March 30, 2020. The number of shares represents firm’s hold over 7.08% of outstanding shares, having a total worth of $39.54 Million.
On the other hand, Merger Fund, The and CrossingBridge Low Duration High Yield Fund are the top two Mutual Funds which own company’s shares. As of March 30, 2020, the former fund manager was holding 684666 shares of worth $6.93 Million or 1.24% of the total outstanding shares. The later fund manager was in possession of 159.2 Thousand shares on March 30, 2020, making its stake of worth around $1.61 Million in the company or a holder of 0.29% of company’s stock.