Conyers Park III Acquisition Corp. (NASDAQ:CPAA) finished Wednesday with an addition of $0.02 to close at $10.27, an upside of 0.20 percent. An average of 219,796 shares of common stock have been traded in the last five days. There was a gain of $0.02 in the past week, and it reached a new high 26 times over the past 12 months. The last 20 days have seen an average of 126,024 shares traded, while the 50-day average volume stands at 135,842.
CPAA stock has increased by 0.39% in the last month. The company shares reached their 1-month lowest point of $10.20 on 07/11/23. With the stock rallying to its 52-week high on 06/06/23, shares of the company touched a low of $9.68 and a high of $10.60 in 52 weeks. It has reached a new high 22 times so far this year and achieved 3.78% or $0.37 in price. In spite of this, the price is down -3.15% from the 52-week high.
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Valuation Metrics
Conyers Park III Acquisition Corp. (CPAA) has a trailing price-to-earnings (P/E) ratio of 62.24. The stock’s beta is 0.03. Other valuation ratios to consider include the price-to-book (PB) ratio at 1.31.
Financial Health
The quick ratio of Conyers Park III Acquisition Corp. for the recent quarter was 1.20, and the current ratio was 1.20, 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.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Conyers Park III Acquisition Corp.’s return on assets was 2.00%.
Earnings Surprise
At the end of the recent quarter, Conyers Park III Acquisition Corp.’s stock balance sheet showed total liabilities of 377.03 million. Shareholders own equity worth $44.62 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Conyers Park III Acquisition Corp. (CPAA) price momentum. RSI 9-day as of the close on 09 August was 66.19%, suggesting the stock is Neutral, with historical volatility in this time frame at 1.47%.
As of today, CPAA’s price is $10.25 +0.20% or $0.02 from its 5-day moving average. CPAA is currently trading +0.49% higher than its 20-day SMA and +2.29% higher than its 100-day SMA. However, the stock’s current price level is +1.18% above the SMA50 and +5.97% above the SMA200.
The stochastic %K and %D were 37.78% and 32.48%, respectively, and the average true range (ATR) was 0.01. With the 14-day stochastic at 60.00% and the average true range at 0.02, the RSI (14) stands at 65.00%. The stock has reached 0.00 on the 9-day MACD Oscillator while the 14-day reading was at 0.00.
