In today’s recent session, 2,596,122 shares of the Tuscan Holdings Corp.(NASDAQ:THCB) have been traded, and its beta is 0. Most recently the company’s share price was $15.98, and it changed around -$1.82 or -0.1% from the last close, which brings the market valuation of the company to $560.6 Million. THCB at last check was trading at a discount to its 52-week high of $25.2, offering almost -57.7% off that amount. The share price’s 52-week low was $9.16, which indicates that the recent value has risen by an impressive 42.68% since then. We note from Tuscan Holdings Corp.’s average daily trading volume that its 10-day average is 1.98 Million shares, with the 3-month average coming to 4.62 Million.
Tuscan Holdings Corp. 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 THCB as a Hold, whereas none deemed it a Buy, and no one rated it as Underweight.
Tuscan Holdings Corp. (NASDAQ:THCB): Trading Information Today
Although THCB has been showing red trend so far today with a performance of -10.2% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $20.11 on Wednesday, Feb 17 increased the stock’s daily price by 18.9%. The company’s shares are currently down -0.05% year-to-date, but still down -0.1962 over the last five days. On the other hand, Tuscan Holdings Corp. (NASDAQ:THCB) is 0.09% up in the 30-day period. We can see from the shorts that 422.26 Million shares have been sold at a short interest cover period of 91.4 day(s).
Tuscan Holdings Corp. (THCB) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of 0%. Tuscan Holdings Corp. earnings are expected to decrease by 0% in 2021, but the outlook is negative 0% per year for the next five years.
Tuscan Holdings Corp. (NASDAQ:THCB)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 20.85% of Tuscan Holdings Corp. shares, and 75.69% of them are in the hands of institutional investors. The stock currently has a share float of 95.63%. Tuscan Holdings Corp. stock is held by 56 institutions, with Alpine Global Management, LLC being the largest institutional investor. By Dec 30, 2020, it held 4.29% of the shares, which is about 1.52 Million shares worth $26.03 Million.
Oxford Asset Management Llp, with 3.24% or 1.15 Million shares worth $11.47 Million as of Mar 30, 2020, holds the second largest percentage of outstanding shares.
Merger Fund, The and Investment Managers Ser Tr-Vivaldi Merger Arbitrage Fd were the top two Mutual Funds as of Sep 29, 2020. The former held 610840 shares worth $6.22 Million, making up 1.72% of all outstanding shares. On the other hand, Investment Managers Ser Tr-Vivaldi Merger Arbitrage Fd held roughly 304.13 Thousand shares worth around $3.1 Million, which represents about 0.86% of the total shares outstanding.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.