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). Rather than operating a conventional business, the company was established to raise capital through an initial public offering and pursue a merger, share exchange, asset acquisition, reorganization or similar business combination with one or more operating companies.

As a blank-check company, Hennessy Capital Investment Corp. VIII does not offer branded products or services of its own. Its activities center on evaluating potential acquisition targets, conducting due diligence and seeking shareholder approval for a proposed transaction. The company’s investment mandate was designed to provide flexibility in selecting a target, rather than limiting its operations to a specific geographic market or product category.

Hennessy Capital Investment Corp. VIII is affiliated with Hennessy Capital, an investment platform associated with founder and executive Daniel J. Hennessy. Information about the company’s long-term operating activities, geographic footprint and leadership beyond its SPAC structure is limited because its business depends on completing a transaction with a separate operating company.

Key Stats

• Today's Range: $9.98 to $9.98
• 50-Day Range: $9.98 to $10.04
• 52-Week Range: $9.79 to $10.04
• Volume: 4,882 shs
• Average Volume: 33,321 shs
• Market Capitalization: $430.12 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 18% 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: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.01% 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 0.1, 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 increased by 154.46%, indicating that investor sentiment is decreasing 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: 2.2 / 5
• News Sentiment: 0.58

News Sentiment

Hennessy Capital Investment Corp. VIII has a news sentiment score of 0.58. 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 news sentiment score is similar to the average news sentiment of companies.

News Coverage This Week

MarketBeat has tracked 5 news articles 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: 3
• 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: $430.12 million
• Optionable: N/A
• Beta: 0.07