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VectoIQ Acquisition (VTIQ) could be a great long-term buy

What’s up with VectoIQ Acquisition?

VectoIQ Acquisition (VTIQ) opened at $23.19, which means the stock is down 2.25% from yesterday’s closing price of 22.62. Today, the company has a high of $23.75 and a low of $20.20. The company has a market cap of $1.35 billion with a 52-week high of $18.29 and a 52-week low of $9.92.

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What about the future for VectoIQ Acquisition?

The high forecast for VectoIQ Acquisition is $26.00 while the low is $15.00. 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 has a strong forecast. A strong forecast is a result of strong earning reports as investors are willing to pay a higher share price today because of growth expectations in the future. Based on this information VTIQ seems to be a safe buy.

About VectoIQ Acquisition

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.

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