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Swiftmerge Acquisition (NASDAQ:IVCP) Shares Down 3.2% - Here's What Happened

Swiftmerge Acquisition logo with Medical background

Swiftmerge Acquisition Corp. (NASDAQ:IVCP - Get Free Report)'s stock price fell 3.2% during trading on Tuesday . The company traded as low as $10.00 and last traded at $10.13. 11,954 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 16,944 shares. The stock had previously closed at $10.46.

Swiftmerge Acquisition Price Performance

The firm has a market capitalization of $64.02 million, a price-to-earnings ratio of -468.00 and a beta of 0.03. The business's fifty day simple moving average is $10.29 and its 200 day simple moving average is $9.41.

Swiftmerge Acquisition Company Profile

(Get Free Report)

Swiftmerge Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in West Vancouver, Canada.

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