AACI Stock Summary and Trading Ideas (Armada Acquisition Corp. I | NASDAQ:AACI)

Armada Acquisition Corp I is a blank check company.

Armada Acquisition Corp. I trades on the NASDAQ stock market under the symbol AACI.

As of May 10, 2024, AACI stock price declined to $11.41 with 42,293 million shares trading.

AACI has a beta of 0.03, meaning it tends to be less sensitive to market movements. AACI has a correlation of 0.00 to the broad based SPY ETF.

AACI has a market cap of $92.11 million. This is considered a Micro Cap stock.

AACI has underperformed the market in the last year with a price return of +11.9% while the SPY ETF gained +27.8%. However, in the short term, AACI had mixed performance relative to the market. It has outperformed in the last 3 months, returning +4.7% vs +4.2% return in SPY. But in the last 2 weeks, AACI shares have been beat by the market, returning -1.0% compared to an SPY return of +2.5%.

AACI support price is $11.73 and resistance is $12.23 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AACI stock will trade within this expected range on the day.