Cayson Acquisition (NASDAQ:CAPN) Issues Quarterly Earnings Results

Cayson Acquisition (NASDAQ:CAPNGet Free Report) announced its quarterly earnings results on Friday. The company reported $0.03 EPS for the quarter, FiscalAI reports.

Cayson Acquisition Trading Up 0.4%

CAPN traded up $0.05 during trading on Friday, hitting $11.15. The company’s stock had a trading volume of 24,914 shares, compared to its average volume of 2,844. The firm’s 50 day moving average price is $11.07 and its two-hundred day moving average price is $10.94. Cayson Acquisition has a 12 month low of $10.32 and a 12 month high of $11.44.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Cayson Acquisition in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

View Our Latest Research Report on Cayson Acquisition

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Karpus Management Inc. increased its position in Cayson Acquisition by 10.6% in the 2nd quarter. Karpus Management Inc. now owns 292,508 shares of the company’s stock valued at $3,007,000 after acquiring an additional 28,102 shares in the last quarter. Whitebox Advisors LLC acquired a new stake in shares of Cayson Acquisition in the second quarter valued at approximately $1,290,000. Clear Street Group Inc. lifted its holdings in Cayson Acquisition by 7.6% during the 4th quarter. Clear Street Group Inc. now owns 107,793 shares of the company’s stock worth $1,147,000 after buying an additional 7,601 shares in the last quarter. Radcliffe Capital Management L.P. bought a new position in Cayson Acquisition in the 2nd quarter valued at $280,000. Finally, Quarry LP bought a new position in Cayson Acquisition in the 3rd quarter valued at $152,000.

Cayson Acquisition Company Profile

(Get Free Report)

Cayson Acquisition Corp. is a Cayman Islands–incorporated blank check company formed in early 2021 to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company completed its initial public offering in March 2021 and is listed on the Nasdaq under the ticker symbol CAPN. As a special purpose acquisition company, Cayson Acquisition currently holds its capital in a trust account pending the execution of a qualifying transaction.

The company’s management team is focused on identifying high-growth opportunities across a range of industries, including technology, healthcare, consumer products and business services.

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