Thinking Of Investing In Fusion Acquisition Corp. (NYSE: FUSE) Stock? Here’s What You Need To Know

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Fusion Acquisition Corp. (NYSE:FUSE) shares, rose in value on Friday, 09/03/21, with the stock price down by -0.40% to the previous day’s close as strong demand from buyers drove the stock to $9.95.

Actively observing the price movement in the last trading, the stock closed the session at $9.99, falling within a range of $9.95 and $10.00. Referring to stock’s 52-week performance, its high was $12.90, and the low was $9.72. On the whole, FUSE has fluctuated by 0.61% over the past month.

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With the market capitalization of Fusion Acquisition Corp. currently standing at about $434.91 million, investors are eagerly awaiting this quarter’s results, scheduled for Jun 03, 2021.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that FUSE’s technical picture suggests that short-term indicators denote the stock is a 25% Buy on average. However, medium term indicators have put the stock in the category of 25% Sell while long term indicators on average have been pointing out that it is a 50% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of FUSE currently trading nearly 0.20% and 0.19% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.12, while the 7-day volatility ratio is showing 0.40% which for the 30-day chart, stands at 0.41%. Furthermore, Fusion Acquisition Corp. (FUSE)’s average true range (ATR) is 0.04.

Data on historical trading for Fusion Acquisition Corp. (NYSE:FUSE) indicates that the trading volumes over the past 10 days have averaged 0.17 million and over the past 3 months, they’ve averaged 247.83K. According to company’s latest data on outstanding shares, there are 35.00 million shares outstanding.

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Fusion Acquisition Corp.’s shares belong to company insiders and institutional investors own 74.00% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.65 million shares as on Jun 14, 2021, resulting in a short ratio of 8.18. According to the data, the short interest in Fusion Acquisition Corp. (FUSE) stood at 6.05% of shares outstanding as of Jun 14, 2021; the number of short shares registered in May 13, 2021 reached 2.31 million. The stock has fallen by -11.95% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FUSE stock heading into the next quarter.