Alpha Capital Acquisition (NASDAQ:ASPC) Trading Down 1.7% – Time to Sell?

Shares of Alpha Capital Acquisition (NASDAQ:ASPCGet Free Report) traded down 1.7% during trading on Friday . The company traded as low as $10.51 and last traded at $10.63. Approximately 3,300 shares changed hands during trading, a decline of 91% from the average daily volume of 37,711 shares. The stock had previously closed at $10.81.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alpha Capital Acquisition in a report on Wednesday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Get Our Latest Analysis on ASPC

Alpha Capital Acquisition Price Performance

The firm’s fifty day moving average price is $10.82 and its 200-day moving average price is $11.70.

Alpha Capital Acquisition (NASDAQ:ASPCGet Free Report) last announced its quarterly earnings results on Friday, May 8th. The company reported $0.03 EPS for the quarter. Sell-side analysts expect that Alpha Capital Acquisition will post -0.27 earnings per share for the current year.

Institutional Trading of Alpha Capital Acquisition

Several institutional investors and hedge funds have recently made changes to their positions in ASPC. Sandia Investment Management LP purchased a new position in Alpha Capital Acquisition during the 2nd quarter worth approximately $308,000. Radcliffe Capital Management L.P. purchased a new stake in shares of Alpha Capital Acquisition in the second quarter valued at about $336,000. Geode Capital Management LLC acquired a new stake in Alpha Capital Acquisition during the 4th quarter worth approximately $377,000. Goldman Sachs Group Inc. acquired a new stake in shares of Alpha Capital Acquisition during the first quarter worth $636,000. Finally, Gabelli Funds LLC purchased a new stake in shares of Alpha Capital Acquisition in the second quarter valued at about $736,000. 88.95% of the stock is owned by hedge funds and other institutional investors.

About Alpha Capital Acquisition

(Get Free Report)

Alpha Capital Acquisition Company 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 in technology sector. The company was incorporated in 2020 and is based in New York, New York.

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