Post-Trade Analysis: Concord Acquisition Corp. II (CNDA) Climbs 0.09, Closing at 10.59

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After finishing at $10.58 in the prior trading day, Concord Acquisition Corp. II (NYSE: CNDA) closed at $10.59, up 0.09%. In other words, the price has increased by $0.09 from its previous closing price. On the day, 1.01 million shares were traded. CNDA stock price reached its highest trading level at $10.6 during the session, while it also had its lowest trading level at $10.58.

Ratios:

Our goal is to gain a better understanding of CNDA by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.05 and its Current Ratio is at 0.05. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 10 ’23 when Kepos Capital LP sold 175,000 shares for $10.32 per share. The transaction valued at 1,806,250 led to the insider holds 1,425,000 shares of the business.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CNDA now has a Market Capitalization of 229818896 and an Enterprise Value of 229743856. As of this moment, Concord’s Price-to-Earnings (P/E) ratio for their current fiscal year is 60.83.

Stock Price History:

The Beta on a monthly basis for CNDA is 0.02, which has changed by 0.038438916 over the last 52 weeks, in comparison to a change of 0.2644323 over the same period for the S&P500. Over the past 52 weeks, CNDA has reached a high of $10.90, while it has fallen to a 52-week low of $10.13. The 50-Day Moving Average of the stock is 0.55%, while the 200-Day Moving Average is calculated to be 1.90%.

Shares Statistics:

The stock has traded on average 67.51K shares per day over the past 3-months and 324130 shares per day over the last 10 days, according to various share statistics. A total of 14.70M shares are outstanding, with a floating share count of 14.70M. Insiders hold about 32.27% of the company’s shares, while institutions hold 75.94% stake in the company. Shares short for CNDA as of 1714435200 were 31162 with a Short Ratio of 0.46, compared to 1711584000 on 37675. Therefore, it implies a Short% of Shares Outstanding of 31162 and a Short% of Float of 0.26.

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