IFIN Stock Summary and Trading Ideas (Infint Acquisition Class A | NYSE:IFIN)

Infint Acquisition Corp is a blank check company.

Infint Acquisition Class A trades on the NYSE stock market under the symbol IFIN.

As of May 10, 2024, IFIN stock price was flat at $11.50 with 10 million shares trading.

IFIN has a beta of -0.01, meaning it tends to be less sensitive to market movements. IFIN has a correlation of 0.00 to the broad based SPY ETF.

IFIN has a market cap of $121.67 million. This is considered a Micro Cap stock.

IFIN has underperformed the market in the last year with a price return of +7.8% while the SPY ETF gained +27.8%. IFIN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.4% and 0.0%, respectively, while the SPY returned +4.2% and +2.5%, respectively.

IFIN support price is $11.48 and resistance is $11.52 (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 IFIN stock will trade within this expected range on the day.