Stoxline.com

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ACE Convergence Acquisition Corp. (ACEV)

9.78   0.65 (7.12%) 11-22 16:00
Open: 9.1 Pre. Close: 9.13
High: 9.89 Low: 8.9885
Volume: 31,566 Market Cap: 27(M)

Technical analysis

as of: 2022-11-25 1:54:53 PM
Overall:       
Stoxline posted a SELL today, upgraded from strong sell. Downward movement continues, but could change at any time.
Target: Six months: 11.84     One year: 12.74
Support: Support1: 8.89    Support2: 7.4
Resistance: Resistance1: 10.14    Resistance2: 10.9
Pivot: 10.27
Moving Average: MA(5): 10.1     MA(20): 10.27
MA(100): 10.22     MA(250): 10.1
MACD: MACD(12,26): -0.1     Signal(9): 0
Stochastic oscillator: %K(14,3): 45.1     %D(3): 61.1
RSI: RSI(14): 42.4
52-week: High: 10.9  Low: 8.89
Average Vol(K): 3-Month: 38 (K)  10-Days: 70 (K)

Price, moving averages and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is BEARISH in short-term; and NEUTRAL in mid-long term.
[ ACEV ] has closed above bottom band by 16.1%. Bollinger Bands are 762.5% wider than normal. The large width of the bands suggest high volatility as compared to its normal range. The bands have been in this wide range for 14 days. This is a sign that the current trend might continue.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 10.36 - 10.41 10.41 - 10.45
Low: 8.92 - 8.97 8.97 - 9.01
Close: 9.07 - 9.15 9.15 - 9.21

Company Description

ACE Convergence Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses. It intends to focus on businesses in the IT infrastructure software and semiconductor sectors. ACE Convergence Acquisition Corp. was incorporated in 2020 and is based in Wilmington, Delaware.

Headline News

Wed, 23 Nov 2022
Venus Acquisition Corp. (VENA) Secures $25M Backstop for VIYI Algorithm Deal|SPACInsider - SPACInsider

Wed, 23 Nov 2022
The Latest SPAC News and Rumors: November 23, 2022|SPACInsider - SPACInsider

Wed, 23 Nov 2022
Metals Acquisition Corp. (MTAL) Amends Deal for Glencore CSA Copper Mine|SPACInsider - SPACInsider

Wed, 23 Nov 2022
ACE Convergence Acquisition Corp. (ACEV) and Tempo Automation, Inc. Announce Closing of Business Combination; Tempo Automation Holdings, Inc. to Trade on Nasdaq Under Ticker Symbols "TMPO" and “TMPO - StreetInsider.com

Mon, 21 Nov 2022
Industrial Tech Acquisitions II (ITAQ) to Combine with NXTCLEAN in $530M Deal|SPACInsider - SPACInsider

Thu, 17 Nov 2022
The Latest SPAC News and Rumors: November 18, 2022|SPACInsider - SPACInsider

Financial Analysis

Price to Book Value: Underperform
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Underperform
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Outperform
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Neutral
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Neutral
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Underperform
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NASDAQ
Sector:  Financial Services
Industry:  Shell Companies
Shares Out. 3 (M)
Shares Float 3 (M)
% Held by Insiders 5.6 (%)
% Held by Institutions 45 (%)
Shares Short 56 (K)
Shares Short P.Month 150 (K)

Stock Financials

EPS 2.57
EPS Est Next Qtl 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) -5
Profit Margin (%) 0
Operating Margin (%) 0
Return on Assets (ttm) -2.5
Return on Equity (ttm) 0
Qtrly Rev. Growth 0
Gross Profit (p.s.) 0
Sales Per Share 0
EBITDA (p.s.) 0
Qtrly Earnings Growth 0
Operating Cash Flow -1 (M)
Levered Free Cash Flow 8 (M)

Stock Valuations

PE Ratio 3.79
PEG Ratio 0
Price to Book value -1.96
Price to Sales 0
Price to Cash Flow -21.79

Stock Dividends

Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.
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