In the last trading session, 1,025,899 shares of the Tuscan Holdings Corp. (NASDAQ:THCB) were traded, and its beta was 0. Most recently the company’s share price was $12.97, and it changed around $0.64 or 0.05% from the last close, which brings the market valuation of the company to $460.23 Million. THCB currently trades at a discount to its 52-week high of $25.2, offering almost -94.29% off that amount. The share price’s 52-week low was $9.93, which indicates that the current value has risen by an impressive 23.44% since then. We note from Tuscan Holdings Corp.’s average daily trading volume that its 10-day average is 851.5 Million shares, with the 3-month average coming to 2.97 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
Instantly THCB has showed a green trend with a performance of 5.19% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $13.11 on Tuesday, Apr 06 increased the stock’s daily price by 1.07%. The company’s shares are currently down -0.24% year-to-date, but still up 0.0117 over the last five days. On the other hand, Tuscan Holdings Corp. (NASDAQ:THCB) is -0.05% down in the 30-day period. We can see from the shorts that 2.04 Million shares have been sold at a short interest cover period of 0.69 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 19.17% of them are in the hands of institutional investors. The stock currently has a share float of 24.22%. Tuscan Holdings Corp. stock is held by 45 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.
AQR Funds-AQR Diversified Arbitrage Fd and RBB Fund Inc.-Bogle Investment Management-Small Cap Growth Fund were the top two Mutual Funds as of Dec 30, 2020. The former held 79198 shares worth $1.35 Million, making up 0.22% of all outstanding shares. On the other hand, RBB Fund Inc.-Bogle Investment Management-Small Cap Growth Fund held roughly 29.9 Thousand shares worth around $468.23 Thousand, which represents about 0.08% of the total shares outstanding.
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