While Andretti Acquisition Corp has overperformed by 10.75%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, WNNR fell by -1.15%, with highs and lows ranging from $11.70 to $7.60, whereas the simple moving average fell by -3.08% in the last 200 days.
Analysis of Andretti Acquisition Corp (WNNR)
Andretti Acquisition Corp’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -0.57% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.22, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The average volume for any stock is also a very valuable indicator of volatility, and WNNR has an average volume of 66.13K. On a monthly basis, the volatility of the stock is set at 7.44%, whereas on a weekly basis, it is put at 7.48%, with a gain of 1.48% over the past seven days.
How Do You Analyze Andretti Acquisition Corp Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 51.51%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 58.53% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
WNNR shares are owned by institutional investors to the tune of 58.53% at present.
