VectoIQ Acquisition Corp (VITQ) jumps almost 14%
What’s up with VectoIQ Acquisition Corp?
VectoIQ Acquisition Corp (VITQ) opened at $14.19, which means the stock is up 14.00% from yesterday’s closing price of 13.18. Today, the company has a high of $15.25 and a low of $14.01. The company has a market cap of $803.74 million with a 52-week high of $16.25 and a 52-week low of $9.92.
What about the future for VectoIQ Acquisition Corp?
The high forecast for VectoIQ Acquisition Corp is 20.00 while the low is 8.00. Stock forecasts are based on human experience: Human traders based on their experience in terms of stock price patterns, volume changes, and market news/rumors regarding a particular stock. VectoIQ Acquisition Corp has a weak forecast. A weak forecast is due to the company posting consistent losses in their earning reports. The future outlook does not seem too bright as this could potentially cause the company to file for bankruptcy. Based on this information VITQ seems to be a risky buy.
About VectoIQ Acquisition Corp
VectoIQ Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses. It intends to focus on searching for prospective target businesses to acquire. The company was founded on January 23, 2018 and is headquartered in Mamaroneck, NY.