In the last trading session, 62,819,130 shares of the Churchill Capital Corp IV(NYSE:CCIV) were traded, and its beta was 0. Most recently the company’s share price was $57.37, and it changed around $4.43 or 0.08% from the last close, which brings the market valuation of the company to $14.84 Billion. CCIV currently trades at a discount to its 52-week high of $64.86, offering almost -13.06% off that amount. The share price’s 52-week low was $9.6, which indicates that the current value has risen by an impressive 83.27% since then. We note from Churchill Capital Corp IV’s average daily trading volume that its 10-day average is 73.82 Million shares, with the 3-month average coming to 33.33 Million.
Churchill Capital Corp IV stock received a consensus recommendation rating of 0, based on a mean score of 0. If we narrow it down even further, the data shows that none out of 0 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended CCIV as a Hold, whereas none deemed it a Buy, and no one rated it as Underweight.
Churchill Capital Corp IV (CCIV) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of 0%. Churchill Capital Corp IV earnings are expected to decrease by 0% in 2021, but the outlook is negative 0% per year for the next five years.
Churchill Capital Corp IV (NYSE:CCIV)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 0% of Churchill Capital Corp IV shares, and 28.3% of them are in the hands of institutional investors. The stock currently has a share float of 28.3%. Churchill Capital Corp IV stock is held by 58 institutions, with Millennium Management LLC being the largest institutional investor. By Dec 30, 2020, it held 3.59% of the shares, which is about 7.43 Million shares worth $74.37 Million.
Karpus Management Inc, with 3.4% or 7.03 Million shares worth $70.37 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Special Opportunities Fd and Highland Fds I-NexPoint Merger Arbitrage Fund were the top two Mutual Funds as of Dec 30, 2020. The former held 200000 shares worth $2Million, making up 0.1% of all outstanding shares. On the other hand, Highland Fds I-NexPoint Merger Arbitrage Fund held roughly 102.04 Thousand shares worth around $997.95 Thousand, which represents about 0.05% of the total shares outstanding.