In Friday’s Wall Street session, Sports Ventures Acquisition Corp. (NASDAQ:AKIC) shares traded at $10.03, down -0.03% from the previous session.
AKIC stock price is now 0.78% away from the 50-day moving average and 1.68% away from the 200-day moving average. The market capitalization of the company currently stands at $294.98M.
In other news, AKICV LLC, 10% Owner bought 5,500,000 shares of the company’s stock on Jan 25. The stock was bought for $55,000,000 at an average price of $10.00. Upon completion of the transaction, the 10% Owner now directly owns 5,500,000 shares in the company, valued at $55.16 million. Insiders disposed of 660,000 shares of company stock worth roughly $6.62 million over the past 1 year. A total of 23.25% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AKIC stock. A new stake in Sports Ventures Acquisition Corp. shares was purchased by MIZUHO SECURITIES USA LLC during the first quarter worth $5,684,000. KIM, LLC invested $3,009,000 in shares of AKIC during the first quarter. In the first quarter, CANTOR FITZGERALD, L. P. acquired a new stake in Sports Ventures Acquisition Corp. valued at approximately $1,037,000. MINT TOWER CAPITAL MANAGEMENT B.V. acquired a new stake in AKIC for approximately $600,000. VIRTU FINANCIAL LLC purchased a new stake in AKIC valued at around $572,000 in the second quarter. In total, there are 73 active investors with 97.60% ownership of the company’s stock.
Friday morning saw Sports Ventures Acquisition Corp. (NASDAQ: AKIC) opened at $10.03. During the past 12 months, Sports Ventures Acquisition Corp. has had a low of $9.71 and a high of $10.03. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 0.10, and a quick ratio of 0.10. The fifty day moving average price for AKIC is $9.97 and a two-hundred day moving average price translates $9.89 for the stock.
The latest earnings results from Sports Ventures Acquisition Corp. (NASDAQ: AKIC) was released for Jun, 2022.
Sports Ventures Acquisition Corp.(AKIC) Company Profile
Sports Ventures Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on businesses operating in the sports, media, and entertainment sectors, including traditional and emerging sports, as well as film and television production and infrastructure. The company was incorporated in 2020 and is based in Bal Harbour, Florida.