Indigo Acquisition (NASDAQ:INAC – Get Free Report) issued its quarterly earnings results on Monday. The company reported $0.06 EPS for the quarter, FiscalAI reports.
Indigo Acquisition Price Performance
Shares of NASDAQ:INAC traded up $0.03 during trading on Monday, hitting $10.45. 5,044 shares of the stock were exchanged, compared to its average volume of 15,208. Indigo Acquisition has a 1-year low of $10.01 and a 1-year high of $10.45. The company’s fifty day simple moving average is $10.37 and its 200-day simple moving average is $10.25.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Indigo Acquisition stock. Robinson Capital Management LLC purchased a new position in shares of Indigo Acquisition Corp. (NASDAQ:INAC – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 14,004 shares of the company’s stock, valued at approximately $143,000. Robinson Capital Management LLC owned approximately 0.11% of Indigo Acquisition at the end of the most recent reporting period.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings restated a “sell (d)” rating on shares of Indigo Acquisition in a research note on Friday. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has an average rating of “Sell”.
Read Our Latest Stock Analysis on INAC
Indigo Acquisition Company Profile
Indigo Acquisition Corp. is a special purpose acquisition company (SPAC) organized to identify and complete a business combination with an operating company. Its potential transaction could take the form of a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination.
Unlike an operating company, Indigo Acquisition Corp. does not appear to have established products, services or significant commercial operations of its own. Its activities are primarily focused on evaluating prospective acquisition targets and pursuing a transaction that would allow a target business to become publicly traded.
Publicly available information provides limited detail about the company’s target industry, geographic markets and leadership beyond its acquisition-focused structure.
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