Alpha Capital Acquisition (NASDAQ:ASPC – Get Free Report) shot up 14.9% on Friday . The stock traded as high as $12.65 and last traded at $12.45. 532,172 shares changed hands during trading, an increase of 1,204% from the average session volume of 40,825 shares. The stock had previously closed at $10.84.
Analyst Ratings Changes
Separately, Weiss Ratings raised Alpha Capital Acquisition from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.
Read Our Latest Research Report on ASPC
Alpha Capital Acquisition Stock Performance
Alpha Capital Acquisition (NASDAQ:ASPC – Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The company reported $0.08 earnings per share (EPS) for the quarter. On average, research analysts anticipate that Alpha Capital Acquisition will post -0.27 EPS for the current year.
Hedge Funds Weigh In On Alpha Capital Acquisition
Several institutional investors and hedge funds have recently added to or reduced their stakes in ASPC. Gabelli Funds LLC bought a new position in shares of Alpha Capital Acquisition during the second quarter valued at $736,000. Goldman Sachs Group Inc. bought a new stake in shares of Alpha Capital Acquisition in the first quarter worth $636,000. Radcliffe Capital Management L.P. acquired a new stake in Alpha Capital Acquisition in the second quarter valued at $336,000. Sandia Investment Management LP acquired a new stake in Alpha Capital Acquisition in the second quarter valued at $308,000. Finally, Geode Capital Management LLC bought a new position in Alpha Capital Acquisition during the 4th quarter worth $377,000. 88.95% of the stock is currently owned by institutional investors and hedge funds.
Alpha Capital Acquisition Company Profile
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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