On Jan. 05, Glazer Capital, LLC divested U.S. $53,400 in shares of Crescent Acquisition Corp.. The 10% sold 5,000 shares at a price per share of $10.68. The transaction decreased this specific insider’s holdings to 3,452,971 shares worth around $36.08 million at present.
Is Crescent Acquisition Corp. [NASDAQ:CRSA] a Good Buy Right Now?
It should be noted that CRSA technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 64% Buy in the past month. Data from Crescent Acquisition Corp.’s Trend Spotter indicated that the signals were Weakening. The stock current average is 0.13 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 95732.0 shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.14 million shares.
CRSA Price Performance
On Wall Street, Crescent Acquisition Corp. [NASDAQ:CRSA] finished Thursday’s session up 0.29% at $10.45. The stock went up to $10.50 at the same session while its lowest single day price was $10.4171. In the last five days, it saw a fall of about -0.29%, Crescent Acquisition Corp. shares dropped by almost 0.00% since the beginning of the year. However, the share price has dropped to as low as -20.29% below its one year high. On 01/05/21, the company shares recorded $10.68, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/06/21, the same year at $10.36. The company’s shares have inclined by 5.56% in the past year. The 50-day SMA achieved is $10.24 while the 200-day SMA is $10.11. Volume gained to 49357.0 from 44700.0 in the previous session.
Crescent Acquisition Corp. [CRSA] Valuation Measures
Notably, Crescent Acquisition Corp. [CRSA] stock cannot be classified as a good candidate in the listing of underestimated low-priced Shell Companies companies to purchase soonest possible with the prevailing 12-month PE ratio of 803.85. The measure means the stock is exchanging at a premium as compared to the 29.01x trailing earnings of the industry.
CRSA Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 10.41 level, and in case of violation of this particular level, it will cause more drop to 10.37 level. On the upper level, 10.54 is still the key resistance. The stock may increase to the subsequent resistance at 10.49. The Relative Strength Index (RSI) pinned on the 14-day chart is 55.37, implying a neutral technical stance while the MACD stands at -0.01, meaning price will decrease in the next trading period. Percent R indicator moved to 54.76%, implying low price movement. Stochastic %K at 47.78% suggest holding the stock.
What is the short interest in Crescent Acquisition Corp.?
Short interest in the Crescent Acquisition Corp. stock has plunged, decreasing by 15360.0 shares to total 0.27 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 0.26 million, data from Yahoo Finance shows. The increase of 5.63% suggests the stock saw some increased bearish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 1.27% of the overall float for the stock.
Crescent Acquisition Corp.’s Biggest Shareholders: Who Owns Crescent Acquisition Corp. [CRSA]?
Filings by Glazer Capital LLC showed that the firm now holds a total of 3,457,971 shares or roughly 13.83% of the outstanding CRSA shares. This means their shares have reduced by -15,000 from the 3,457,971 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, Polar Asset Management Partners, updated stake is worth $20,797,700. Details in the latest 13F filings reveal that Magnetar Financial LLC disposed off their 0.00% stake valued at $19,283,096 while Periscope Capital, Inc. added theirs at $15,126,070. During the last quarter, Magnetar Financial LLC liquidated 0 of its shares in Crescent Acquisition Corp. while Periscope Capital, Inc. bought 608,500 shares. The Basso Capital Management LP’s holdings currently number 1,367,814 shares at $14293656.3. According to the firm’s last 13F report, W.R. Berkley Corp. shares in the company at filing stood at 1,187,179 shares, roughly $12,132,969.