Twelve Seas Investment Company II (NASDAQ:TWLV) Stock Price Up 0.1% – Time to Buy?

Shares of Twelve Seas Investment Company II (NASDAQ:TWLV) rose 0.1% on Thursday . The stock traded as high as $9.99 and last traded at $9.9950. Approximately 20,035 shares changed hands during mid-day trading, an increase of 109% from the average session volume of 9,604 shares. The stock had previously closed at $9.99.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Twelve Seas Investment Company II from a “sell (e)” rating to a “sell (e+)” rating in a report on Wednesday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Twelve Seas Investment Company II Stock Performance

The stock has a fifty day simple moving average of $9.97 and a two-hundred day simple moving average of $10.02. The stock has a market capitalization of $234.28 million and a price-to-earnings ratio of 166.58.

Twelve Seas Investment Company II (NASDAQ:TWLV) last announced its quarterly earnings data on Friday, May 15th. The company reported $0.06 earnings per share (EPS) for the quarter.

Twelve Seas Investment Company II Company Profile

Twelve Seas Investment Company II does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Twelve Seas Investment Company II was incorporated in 2020 and is based in New York, New York.