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Does Lazard Growth Acquisition Corp. I (NASDAQ:LGAC) warrant a purchase right now? What to Consider Before Making a Decision

January 12, 2023
in Companies

Lazard Growth Acquisition Corp. I (NASDAQ:LGAC) shares traded unchanged at $10.14 on Wall Street last session.

LGAC stock price is now 0.94% away from the 50-day moving average and 2.43% away from the 200-day moving average. The market capitalization of the company currently stands at $729.17M.

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There have been several recent changes in the stakes of large investors in LGAC stock. A new stake in Lazard Growth Acquisition Corp. I shares was purchased by MIZUHO MARKETS AMERICAS LLC during the first quarter worth $15,327,000. MIZUHO SECURITIES USA LLC invested $6,142,000 in shares of LGAC during the first quarter. In the first quarter, BERKLEY W R CORP acquired a new stake in Lazard Growth Acquisition Corp. I valued at approximately $4,173,000. COHANZICK MANAGEMENT, LLC acquired a new stake in LGAC for approximately $1,360,000. EXOS TFP HOLDINGS LLC purchased a new stake in LGAC valued at around $846,000 in the second quarter. In total, there are 121 active investors with 90.60% ownership of the company’s stock.

Lazard Growth Acquisition Corp. I (NASDAQ: LGAC) opened at $10.15 on Wednesday. During the past 12 months, Lazard Growth Acquisition Corp. I has had a low of $9.69 and a high of $10.55. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 0.10, and a quick ratio of 0.10. The fifty day moving average price for LGAC is $10.05 and a two-hundred day moving average price translates $9.90 for the stock.

The latest earnings results from Lazard Growth Acquisition Corp. I (NASDAQ: LGAC) was released for Jun, 2022.

Lazard Growth Acquisition Corp. I(LGAC) Company Profile

Lazard Growth Acquisition Corp. I does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It seeks opportunities in the subsectors of healthcare, technology, energy transition, and financial and consumer sectors. Lazard Growth Acquisition Corp. I was incorporated in 2020 and is based in New York, New York.

Tags: Lazard Growth Acquisition Corp. ILGACLGAC stockNASDAQ:LGAC

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