BCAC stock: buy or sell?
May 17th, 2019
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.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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
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.
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 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 targetNobody 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 ShareSince 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn , Bison Capital Acquisition annual turnover to million USD from marked in . , its income margin (compared to sales) to , that is million.
Quarterly financial resultsReported 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.
Bison Capital Acquisition ownershipWhen 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:
|Market cap||$0.0 M|
|Total shares||0.0 M|
|Float shares||0.0 M|
|- Institutional holdings (%)||0.0%|
|- Insider holdings (%)||0.0%|
|Shares in short selling||0.0%|
|Friday, May 17th, 2019|
|Day range||$2.29 - $3.01|
|Average true range||$0.69|
|50d mov avg||$10.16|
|100d mov avg||$10.12|
|200d mov avg||$0.00|
Bison Capital Acquisition performancePerformance 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 .
|BCACBison Capital Acq...||-76.51%||-76.14%||-75.35%|