The Price Target For FirstMark Horizon Acquisition Corp. (FMAC)?

FirstMark Horizon Acquisition Corp. (NYSE:FMAC) trading with an addition of $0.07 to $9.88 on Thursday, an upside of 0.71 percent. An average of 610,028 shares of common stock have been traded in the last five days. There was a gain of $0.07 in the past week. The last 20 days have seen an average of 284,397 shares traded, while the 50-day average volume stands at 155,225.

FMAC stock has increased by 0.41% in the last month. The company shares reached their 1-month lowest point of $9.73 on 09/08/21. Shares of the company touched a low of $9.69 and a high of $14.44 in 52 weeks. In spite of this, the price is down -31.58% from the 52-week high.


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Valuation Metrics

FirstMark Horizon Acquisition Corp. (FMAC) has a trailing price-to-earnings (P/E) ratio of 7.10 for the broader industry and 12.92 for the sector. This means investors are optimistic about the stock’s future prospects. Other valuation ratios to consider include the price-to-book (PB) ratio at 1.38.

The quick ratio of FirstMark Horizon Acquisition Corp. for the recent quarter was 0.90, and the current ratio was 0.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the recent quarter.

Technical Picture

From a technical analysis perspective, let’s take a brief look at FirstMark Horizon Acquisition Corp. (FMAC) price momentum. RSI 9-day as of the close on 06 October was 73.15%, suggesting the stock is Overbought, with historical volatility in this time frame at 3.82%.

As of today, FMAC’s price is $9.82 +0.77% or $0.07 from its 5-day moving average. FMAC is currently trading +1.18% higher than its 20-day SMA and -0.35% lower than its 100-day SMA. However, the stock’s current price level is +1.28% above the SMA50 and -6.13% below the SMA200.

The stochastic %K and %D were 56.11% and 44.63%, respectively, and the average true range (ATR) was 0.03. With the 14-day stochastic at 95.00% and the average true range at 0.04, the RSI (14) stands at 66.23%. The stock has reached 0.02 on the 9-day MACD Oscillator while the 14-day reading was at 0.02.

Analyst Ratings

The consensus rating for FirstMark Horizon Acquisition Corp. (FMAC) among analysts is -. According to current brokerage recommendations, 0 brokerage firms advise that investors sell FMAC, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.

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