Closing Figures: Monterey Capital Acquisition Corp (MCAC)’s Negative Finish at 9.07, Down -4.43

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After finishing at $9.49 in the prior trading day, Monterey Capital Acquisition Corp (NASDAQ: MCAC) closed at $9.07, down -4.43%. In other words, the price has decreased by -$4.43 from its previous closing price. On the day, 5.59 million shares were traded. MCAC stock price reached its highest trading level at $9.5352 during the session, while it also had its lowest trading level at $8.38.

Ratios:

Our goal is to gain a better understanding of MCAC by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.00 and its Current Ratio is at 0.00. In the meantime, Its Debt-to-Equity ratio is 0.13 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, MCAC now has a Market Capitalization of 89654408 and an Enterprise Value of 87247288.

Stock Price History:

The Beta on a monthly basis for MCAC is -0.01, which has changed by -0.13288718 over the last 52 weeks, in comparison to a change of 0.24704397 over the same period for the S&P500. Over the past 52 weeks, MCAC has reached a high of $12.47, while it has fallen to a 52-week low of $9.49. The 50-Day Moving Average of the stock is -19.22%, while the 200-Day Moving Average is calculated to be -15.84%.

Shares Statistics:

The stock has traded on average 44.26K shares per day over the past 3-months and 588320 shares per day over the last 10 days, according to various share statistics. A total of 7.38M shares are outstanding, with a floating share count of 7.15M. Insiders hold about 24.35% of the company’s shares, while institutions hold 73.80% stake in the company. Shares short for MCAC as of 1718323200 were 46 with a Short Ratio of 0.00, compared to 1715731200 on 235.

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