Fifth Era Acquisition Corp I (NASDAQ:FERA – Get Free Report) announced its quarterly earnings results on Friday. The company reported $0.04 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $2.09 million during the quarter.
Fifth Era Acquisition Corp I Stock Performance
NASDAQ FERA remained flat at $10.36 on Friday. 179,693 shares of the company traded hands, compared to its average volume of 67,857. Fifth Era Acquisition Corp I has a 1-year low of $10.01 and a 1-year high of $10.50. The company’s fifty day simple moving average is $10.32.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new position in Fifth Era Acquisition Corp I during the 4th quarter valued at about $447,000. Rivernorth Capital Management LLC lifted its position in Fifth Era Acquisition Corp I by 34.4% during the 4th quarter. Rivernorth Capital Management LLC now owns 399,872 shares of the company’s stock valued at $4,115,000 after purchasing an additional 102,372 shares during the period. PenderFund Capital Management Ltd. acquired a new stake in shares of Fifth Era Acquisition Corp I in the 4th quarter valued at approximately $104,000. Radcliffe Capital Management L.P. raised its position in shares of Fifth Era Acquisition Corp I by 22.8% in the 4th quarter. Radcliffe Capital Management L.P. now owns 404,403 shares of the company’s stock valued at $4,161,000 after acquiring an additional 75,201 shares during the period. Finally, Glazer Capital LLC raised its position in shares of Fifth Era Acquisition Corp I by 31.8% in the 4th quarter. Glazer Capital LLC now owns 904,922 shares of the company’s stock valued at $9,312,000 after acquiring an additional 218,282 shares during the period.
Wall Street Analysts Forecast Growth
Get Our Latest Report on Fifth Era Acquisition Corp I
About Fifth Era Acquisition Corp I
Fifth Era Acquisition Corp I (NASDAQ: FERA) is a special purpose acquisition company (SPAC) listed on the NASDAQ exchange. As a blank‑check vehicle, the company was formed to raise capital in public markets through an initial public offering and to identify, negotiate and complete a business combination with one or more operating companies. The primary business activity of Fifth Era Acquisition Corp I is to serve as an acquisition vehicle that facilitates the transition of a private company to the public markets through a merger, share exchange, asset acquisition or similar transaction.
Like other SPACs, Fifth Era Acquisition Corp I typically holds the proceeds from its public offering in a trust account pending the completion of a qualifying business combination.
Recommended Stories
- Five stocks we like better than Fifth Era Acquisition Corp I
- Viking Sails to All-Time Highs—Fundamentals Signal More to Come
- Datavalut Gains Traction: 5 Reasons to Sell Now
- TMC Stock: Why This Pre-Revenue Miner Is Worth Watching
- The Power Grid Is Dying—Is It Time to Buy Its Replacement?
Receive News & Ratings for Fifth Era Acquisition Corp I Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fifth Era Acquisition Corp I and related companies with MarketBeat.com's FREE daily email newsletter.
