Hennessy Capital Investment Corp. VIII (HCIC) Stock Price, News & Analysis

Company Overview

Hennessy Capital Investment Corp. VIII (NASDAQ: HCIC) is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with an operating company. Rather than selling products or services itself, the company raises capital through a public offering and uses those funds, subject to shareholder approval, to pursue a merger, acquisition, stock purchase, or similar transaction.

As a SPAC, Hennessy Capital Investment Corp. VIII does not have established operating divisions, recurring commercial products, or a geographic customer base of its own. Its activities are primarily focused on evaluating potential target businesses, conducting due diligence, negotiating transaction terms, and seeking approval for a proposed combination.

The company is affiliated with Hennessy Capital, an investment platform associated with Daniel J. Hennessy. Information about its ultimate business operations, markets served, and products will depend on the company it may acquire or combine with. Until such a transaction is completed, HCIC remains a publicly traded acquisition vehicle rather than an operating company.

Key Stats

• Today's Range: $10.01 to $10.04
• 50-Day Range: $9.98 to $10.04
• 52-Week Range: $9.79 to $10.04
• Volume: 2,514 shs
• Average Volume: 34,061 shs
• Market Capitalization: $432.06 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: Sell

Hennessy Capital Investment Corp. VIII Stock Analysis - MarketRank™

Hennessy Capital Investment Corp. VIII scored higher than 35% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 0.7 / 5
• Analyst Rating: Sell

Consensus Rating

Hennessy Capital Investment Corp. VIII has received a consensus rating of Sell. The company's average rating score is 1.00, and is based on no strong buy ratings, no buy ratings, no hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Hennessy Capital Investment Corp. VIII has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: N/A
• Proj. Earnings Growth: N/A

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.00% of the float of Hennessy Capital Investment Corp. VIII has been sold short.

Short Interest Ratio / Days to Cover

Hennessy Capital Investment Corp. VIII has a short interest ratio ("days to cover") of 0.02, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Hennessy Capital Investment Corp. VIII has recently decreased by 11.80%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Hennessy Capital Investment Corp. VIII does not currently pay a dividend.

Dividend Growth

Hennessy Capital Investment Corp. VIII does not have a long track record of dividend growth.

News and Social Media

• Score: 3.6 / 5
• News Sentiment: N/A

News Sentiment

Hennessy Capital Investment Corp. VIII has a news sentiment score of 1.79. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.69 average news sentiment score of companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Hennessy Capital Investment Corp. VIII this week, compared to 0 articles on an average week.

Company Ownership

• Score: 1.4 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Hennessy Capital Investment Corp. VIII insiders have not sold or bought any company stock.

Percentage Held by Insiders

19.65% of the stock of Hennessy Capital Investment Corp. VIII is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

74.67% of the stock of Hennessy Capital Investment Corp. VIII is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: N/A
• Industry: N/A
• Sub-Industry: N/A
• Current Symbol: NASDAQ:HCIC
• CIK: 2099093
• Web: hennessycapital8.com
• Phone: 847-477-8504
• Fax: N/A
• Employees: N/A
• Year Founded: N/A

Profitability

• EPS (Trailing Twelve Months): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: 43,120,000
• Free Float: N/A
• Market Cap: $432.06 million
• Optionable: N/A
• Beta: 0.07