Is PROOF Acquisition Corp. I technically bullish or bearish?
2025-09-20 20:17:11As of 21 August 2025, the technical trend for PROOF Acquisition Corp. I has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by daily moving averages indicating a bearish outlook, while weekly and monthly MACD readings show mild bullishness. The RSI is bullish on a monthly basis but shows no signal weekly. Bollinger Bands are bearish for both weekly and monthly periods, and the KST indicates mild bullishness weekly but bearishness monthly. Overall, the mixed signals suggest a lack of strong momentum. In terms of multi-period returns, the stock has significantly underperformed against the S&P 500, with a year-to-date return of -75.18% compared to the S&P 500's 12.22%, and a one-year return of -87.84% versus the S&P 500's 17.14%....
Read MoreIs PROOF Acquisition Corp. I overvalued or undervalued?
2025-09-20 18:46:50As of 10 May 2023, the valuation grade for PROOF Acquisition Corp. I has moved from does not qualify to risky. The company appears to be overvalued given its negative valuation ratios, including a Price to Book Value of -0.24, an EV to EBIT of -1.25, and an EV to EBITDA of -1.30. In comparison, Viveon Health Acquisition Corp. has a significantly higher P/E ratio of -14.82, indicating that it is considered expensive, while EF Hutton Acquisition Corp. I is also classified as risky with an EV to EBITDA of -3.61. The recent stock performance further underscores this valuation assessment, as PROOF Acquisition Corp. I has experienced a staggering YTD return of -75.18%, compared to a positive return of 12.22% for the S&P 500. Given these factors, the company is considered overvalued in its current state....
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