Market Momentum Report: McKinley Acquisition Corp (MKLY)’s Positive Close at 10.01

Kevin Freeman

Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.

The price of McKinley Acquisition Corp (NASDAQ: MKLY) closed at $10.01 in the last session, up 0.10% from day before closing price of $10.0. In other words, the price has increased by $0.10 from its previous closing price. On the day, 0.79 million shares were traded. MKLY stock price reached its highest trading level at $10.01 during the session, while it also had its lowest trading level at $10.0.

Ratios:

We take a closer look at MKLY’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 12.27 and its Current Ratio is at 12.27. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MKLY now has a Market Capitalization of 309070848.

Stock Price History:

Over the past 52 weeks, MKLY has reached a high of $10.05, while it has fallen to a 52-week low of $9.85. The 50-Day Moving Average of the stock is 0.40%, while the 200-Day Moving Average is calculated to be 0.53%.

Shares Statistics:

According to the various share statistics, MKLY traded on average about 48.91K shares per day over the past 3-months and 73580 shares per day over the past 10 days. A total of 17.79M shares are outstanding, with a floating share count of 11.03M. Insiders hold about 54.68% of the company’s shares, while institutions hold 4.19% stake in the company.

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