Why You Need Far Peak Acquisition Corporation (FPAC) On Your Watchlist

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Far Peak Acquisition Corporation (NYSE:FPAC) saw an upside of 0.05% to $10.14 after adding $0.01 on Wednesday. The 5-day average trading volume is 504,505 shares of the company’s common stock. It has gained $10.17 in the past week and touched a new high 3 times within the past 5 days. An average of 575,721 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 581,029.

FPAC’s 1-month performance is 1.20% or $0.10 on its low of $10.02 reached on 12/27/22. The company’s shares have touched a 52-week low of $9.76 and high of $10.17, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, FPAC has achieved 0.90% or $0.10 and has reached a new high 12 times. However, the current price is down -0.34% from the 52-week high price.


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Valuation Metrics

Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 1.20, with the price to cash flow ratio at 414.79.

Far Peak Acquisition Corporation’s quick ratio for the recent period was 0.20, with the current ratio over the same period at 0.20.

Earnings Surprise

Net income grew 70.43% to -$39.77 million, while revenue of $52.7 million was 232.51% off the previous quarter. Shareholders hold equity totaling $69.75 million.

Let’s look briefly at Far Peak Acquisition Corporation (FPAC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 82.02% to suggest the stock is trending Overbought, with historical volatility in this time period at 1.22%.

The stock’s 5-day moving average is $10.12, reflecting a +0.45% or $0.05 change from its current price. FPAC is currently trading +0.95% above its 20-day SMA, +2.68% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +1.76% and SMA200 by+2.06%.

Stochastic %K and %D was 67.20% and 66.73% and the average true range (ATR) pointed at 0.03. The RSI (14) points at 77.16%, while the 14-day stochastic is at 70.83% with the period’s ATR at 0.03. The stock’s 9-day MACD Oscillator is pointing at 0.02 and 0.03 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for FPAC stock have a consensus rating for the stock as -. Currently, 0 brokerage advisors rate FPAC as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.

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