Forum Merger II Corporation (NASDAQ:FMCI) has a beta value of 0 and has seen 1,562,358 shares traded in the last trading session. The company, currently valued at $631Million, closed the last trade at $24.6 per share which meant it lost -$0.27 on the day or -1.09% during that session. The FMCI stock price is -9.55% off its 52-week high price of $26.95 and 60.33% above the 52-week low of $9.76. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.61 Million shares traded. The 3-month trading volume is 2Million shares.
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
Despite being -1.09% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Sep 09 when the FMCI stock price touched $26.95- or saw a rise of 8.72%. Year-to-date, Forum Merger II Corporation shares have moved 140.94%, while the 5-day performance has seen it change 17.14%. Over the past 30 days, the shares of Forum Merger II Corporation (NASDAQ:FMCI) have changed 59.74%. Short interest in the company has seen 729.36 Million shares shorted with days to cover at 364.68.
Forum Merger II Corporation (FMCI) estimates and forecasts
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 Falcon Edge Capital, LP with over 1.98 Million shares worth more than $32.54 Million. As of June 29, 2020, Falcon Edge Capital, LP held 7.71% of shares outstanding.
The other major institutional holder is Kepos Capital Lp, with the holding of over 374.32 Thousand shares as of June 29, 2020. The firm’s total holdings are worth over $6.16 Million and represent 1.46% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are High Income Securities Fund and Special Opportunities Fd. As of May 30, 2020, the former fund manager holds about 0.23% shares in the company for having 59587 shares of worth $769.27 Thousand while later fund manager owns 36.72 Thousand shares of worth $604.11 Thousand as of June 29, 2020, which makes it owner of about 0.14% of company’s outstanding stock.