AFAR Stock Summary and Trading Ideas (Aura Fat Projects Acquisition - Class A | NASDAQ:AFAR)

Aura Fat Projects Acquisition Corp is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar Business Combination with one or more businesses.

Aura Fat Projects Acquisition - Class A trades on the NASDAQ stock market under the symbol AFAR.

As of April 26, 2024, AFAR stock price was flat at $11.20 with 404 million shares trading.

AFAR has a market cap of $64.75 million. This is considered a Micro Cap stock.

The top ETF exchange traded funds that AFAR belongs to (by Net Assets): SPCX.

AFAR has underperformed the market in the last year with a return of +6.7%, while the SPY ETF gained +26.8%. In the last 3 month period, AFAR fell short of the market, returning +1.4%, while SPY returned +4.5%. However, in the most recent 2 weeks AFAR has outperformed the stock market by returning +0.1%, while SPY returned -1.9%.

AFAR support price is $11.14 and resistance is $11.27 (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 AFAR stock will trade within this expected range on the day.