The stock of Hennessy Capital Investment Corp. VI (NASDAQ:HCVI) increased by $0.04 on Wednesday to $10.40, up 0.34 percent. The last five days have seen an average of 1,701,294 shares of common stock traded. 10 times new highs were reached in the current year, with a gain of $0.53. The average number of shares traded over the last 20 days was 633,983, while the average volume over the last 50 days totaled 384,861.
HCVI stock appreciated 0.87% since last month. On 08/31/23, the company’s shares reached a one-month low of $10.32. The stock touched a high of $10.60 on 06/16/23, after rallying from a low of $9.66 in 52 weeks. The price of HCVI stock has risen by 5.37% or $0.53 this year, reaching a new high 10 times. Still, the stock price is down -1.89% from the 52-week high.
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Valuation Metrics
Hennessy Capital Investment Corp. VI (HCVI) has a trailing price-to-earnings (P/E) ratio of 55.91. Beta for the stock is 0.05.
Financial Health
For the recent quarter, Hennessy Capital Investment Corp. VI’s quick ratio was 0.10, while its current ratio was 0.10, indicating its inability to pay off its debt.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. HCVI’s return on assets (ROA) during the last 12 months has been 2.40%. In the meantime, the return on equity (ROE) for the last 12 months was 2.50%.
Earnings Surprise
At the end of Hennessy Capital Investment Corp. VI’s most recent quarter, its liabilities totaled 367.12 million, while its total debt was $0.2 million. Equity owned by shareholders amounts to $45.46 million.
Technical Picture
Here’s a quick look at Hennessy Capital Investment Corp. VI’s (HCVI) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 77.87%, suggesting the stock is Overbought, with a 2.00% historical volatility rate.
The stochastic %K and %D were 81.78% and 74.37% respectively, while the average true range (ATR) was 0.02. Based on the 14-day stochastic reading of 100.00%, the RSI (14) reading is 73.71%. On the 9-day MACD Oscillator, the stock is at 0.01, and the 14-day reading is at 0.02.
Analyst Ratings
Analysts have assigned Hennessy Capital Investment Corp. VI (HCVI) an – rating. HCVI is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
