BCAC stock: buy or sell?

BCAC stock price: $2.45 -45.19% At close on May 17th, 2019

Updated on:
May 17th, 2019

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Bison Capital Acquisition closed on May at $2.45 and collapsed a hair-raising -45.19%.

Bison Capital Acquisition Corp. does not have significant operations. It intends to acquire businesses or entities through share exchange, share reconstruction, amalgamation, assets purchase, and any other similar business combination.

Should I buy BCAC stock?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Having a trading strategy helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

Currently, Bison Capital Acquisition stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean BCAC will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Bison Capital Acquisition stock a buy?

Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness. Unfortunately, we couldn't find any rating for BCAC stock for the last 30 days.

BCAC stock analysis

Daily outlook

Bison Capital Acquisition closed on May at $2.45 and collapsed a hair-raising -45.19%.

Bison Capital Acquisition shares collapsed -45.19% to $2.45 on May. On April, BCAC hit new all time highs, pushing higher previous ATH of $11.00 recorded on February. New ATHs are usual entry points for many trading setups as there aren't higher resistences.

BCAC stock chart (daily)

Weekly outlook

Bison Capital Acquisition closed this week at $2.45 and collapsed a frightening -76.46%.

Bison Capital Acquisition finally fell through the support line and now is sliding further into lower prices looking for new supports. Not so far away is the last all-time high Bison Capital Acquisition marked early April, but since then it dropped a 77.73%. By mid May, Bison Capital Acquisition stock dived below the significant level of the 40-weeks moving average. Trading stocks that are under the 40-weeks (that is, 200-days) moving average mark is not recommended by many experts, as it indicates that the stock has not enough institutional support.

BCAC stock chart (weekly)

BCAC stock price history

BCAC stock went public on July 5th, 2017 with a price of $10.001. Since then, BCAC stock lost a -75.50%, with a yearly average of -37.80%.

1: Adjusted price after possible price splits or reverse-splits.

BCAC stock historical price chart

BCAC stock reached all-time highs on April with a price of $11.00.

BCAC stock price target

Nobody can reliably foresee how stock prices may evolve in the future. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last month we have not found any price target for Bison Capital Acquisition stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

Since last March, when Bison Capital Acquisition posted its last earnings report, it plummed a bloodcurdling -76.76%. As soon as we get its posted EPS from the earnings report, we will update this review.
BCAC earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/an/an/a
2017-Q2-n/an/an/a
2017-Q3-n/an/an/a
2017-Q42018-02-20n/a-0.02n/a
2018-Q12018-05-14n/a-0.05n/a
2018-Q22018-08-07n/a-0.07n/a
2018-Q32019-01-01n/an/an/a
2018-Q42019-03-26n/an/an/a
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

In , Bison Capital Acquisition annual turnover to million USD from marked in . , its income margin (compared to sales) to , that is million.

BCAC annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY

Quarterly financial results

Reported quarter earnings marked $0.04 million with a profit margin of . Profit margin remained stable a 0.00% compared to previous quarter when profit margin was inf%. When comparing turnover to same quarter last year, Bison Capital Acquisition sales marked a tight move and remained stable a nan%. Looking back to recent quarterly results, Bison Capital Acquisition posted 7 positive quarters in a row.
BCAC quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2

Bison Capital Acquisition ownership

When you are planning to buy shares of a stock, it's always worth to review its ownership structure.

Bison Capital Acquisition shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a of all shares.

The following table compares ownership indicators for other stocks related to Bison Capital Acquisition:

BCAC
Market cap$0.0 M
Total shares0.0 M
Float shares0.0 M
  - Institutional holdings (%)0.0%
  - Insider holdings (%)0.0%
Shares in short selling0.0%

BCAC summary

Friday, May 17th, 2019
Open$3.01
Close$2.45
Day range$2.29 - $3.01
Previous close$4.47
Session gain-45.19%
Average true range$0.69
50d mov avg$10.16
100d mov avg$10.12
200d mov avg$0.00
Daily patternlt02c
Weekly pattern lt01c

Bison Capital Acquisition performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. For Bison Capital Acquisition, the comparison is made against .
Stock3m6m12m
BCACBison Capital Acq...-76.51%-76.14%-75.35%

Bison Capital Acquisition competitors

Unfortunately, we could not find any public company that could be defined as Bison Capital Acquisition competitor. This doesn't mean Bison Capital Acquisition does not have any competitor in the market, it's just we could not detected it.