Is Investcorp Europe Acquisition Corp I (NASDAQ: IVCB) A Disaster Waiting To Happen Or Is It A Chance To Make Money?

In the latest trading session, 1.94 million Investcorp Europe Acquisition Corp I (NASDAQ:IVCB) shares changed hands as the company’s beta touched 0.01. With the company’s most recent per share price at $12.09 changing hands around $0.31 or 2.63% at last look, the market valuation stands at $217.74M. IVCB’s current price is a discount, trading about -0.58% off its 52-week high of $12.16. The share price had its 52-week low at $10.91, which suggests the last value was 9.76% up since then. When we look at Investcorp Europe Acquisition Corp I’s average trading volume, we note the 10-day average is 13560.0 shares, with the 3-month average coming to 49.04K.

Investcorp Europe Acquisition Corp I (NASDAQ:IVCB) trade information

Instantly IVCB is in green as seen in intraday trades today. With action 2.37%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 9.71%, with the 5-day performance at 2.37% in the green. However, in the 30-day time frame, Investcorp Europe Acquisition Corp I (NASDAQ:IVCB) is 5.50% up. Looking at the short shares, we see there were 11789.0 shares sold at short interest cover period of 0.27 days.

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IVCB Dividends

Investcorp Europe Acquisition Corp I is expected to release its next quarterly earnings report in November.

Investcorp Europe Acquisition Corp I (NASDAQ:IVCB)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 87.19% of Investcorp Europe Acquisition Corp I shares while 51.94% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 405.66%. There are 51.94% institutions holding the Investcorp Europe Acquisition Corp I stock share, with METEORA CAPITAL, LLC the top institutional holder. As of 2024-06-30, the company held 10.3848% of the shares, roughly 1.99 million IVCB shares worth $22.63 million.

DRYDEN CAPITAL, LLC holds the second largest percentage of outstanding shares, with 4.3756% or 0.84 million shares worth $9.53 million as of 2024-06-30.