Forum Merger II Corporation (FMCI): Why analyst showing interest

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Forum Merger II Corporation (NASDAQ:FMCI) changes shares on Monday trading session, with a change of 13.01% or $1.71 shares. The trading starts at $13.22 and closed at $13.14 throughout the day. The trading session low price was $13.22 and day high was $15.65 on Monday, June 15. After the session, the Financial sector daily volume shifted to 5.94 million while its average volume is 1.54M. In other hand, the FMCI market cap reached to $306.66M. While, its current target price is $14.85 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 4.21% and up 37.76% for month. Its quarterly performance was 44.17% above, while its half year performance is up 46.74%. FMCI yearly performance stood at positive 53.41% and rise 45.45% for year-to-date.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. FMCI EPS (TTM) for 12-month is -0.19.

Let’s take a look on the analyst recommendations on FMCI for the current month and previous month. For the current month, 0 of 0 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 0 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings.

Glazer Capital LLC, Berkley W R Corp and Kepos Capital Lp are the top three holders in Forum Merger II Corporation (FMCI) stock. On Mar 30, 2020, Glazer Capital LLC has 2.05 million shares which valued 21.13 million. On Mar 30, 2020, Berkley W R Corp owned 1.73 million shares which valued at 17.8 million. On Mar 30, 2020, Kepos Capital Lp has a total of 1.23 million shares which valued at 12.65 million. In the end, Kepos Capital Lp have 5.95% shares outstanding of Forum Merger II Corporation (FMCI) on Mar 30, 2020. The insider ownership moved to 26.89% and institutional holding shifted to 97.77%.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for FMCI rise 43.02% for period of 200 days. SMA for 50 days was 34.54% which is showing green signal, while SMA-20 was 23.49%. The moving average value for Forum Merger II Corporation (FMCI) is 10.59 and 11.46 for 200 and 50 days respectively.