AQU Stock Summary and Trading Ideas (Aquaron Acquisition Corp. | NASDAQ:AQU)

Aquaron Acquisition Corp is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities.

Aquaron Acquisition Corp. trades on the NASDAQ stock market under the symbol AQU.

As of April 16, 2024, AQU stock price climbed to $10.88 with 56,500 million shares trading.

AQU has a market cap of $49.54 million. This is considered a Sub-Micro Cap stock.

AQU has underperformed the market in the last year with a return of +5.1%, while the SPY ETF gained +23.9%. In the last 3 month period, AQU fell short of the market, returning +0.7%, while SPY returned +6.2%. However, in the most recent 2 weeks AQU has outperformed the stock market by returning +0.3%, while SPY returned -3.4%.

AQU support price is $10.85 and resistance is $10.87 (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 AQU stock will trade within this expected range on the day.