Black Hawk Acquisition (NASDAQ:BKHA) Shares Up 0.4% – Still a Buy?

Black Hawk Acquisition Corporation (NASDAQ:BKHA) shares traded up 0.4% during mid-day trading on Wednesday . The stock traded as high as $11.21 and last traded at $11.2490. 900 shares traded hands during mid-day trading, an increase of 51% from the average session volume of 597 shares. The stock had previously closed at $11.20.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Black Hawk Acquisition in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Black Hawk Acquisition presently has an average rating of “Sell”.

Black Hawk Acquisition Stock Performance

The company’s 50 day simple moving average is $11.23 and its 200-day simple moving average is $10.97.

Black Hawk Acquisition (NASDAQ:BKHA) last released its quarterly earnings data on Tuesday, October 21st. The company reported $0.03 earnings per share for the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BKHA. Westchester Capital Management LLC bought a new stake in shares of Black Hawk Acquisition during the 1st quarter valued at about $3,162,000. Meteora Capital LLC bought a new stake in Black Hawk Acquisition during the third quarter valued at approximately $1,111,000. Mizuho Securities USA LLC raised its position in Black Hawk Acquisition by 11.5% in the first quarter. Mizuho Securities USA LLC now owns 767,000 shares of the company’s stock worth $8,015,000 after acquiring an additional 78,925 shares during the period. Crossingbridge Advisors LLC bought a new position in Black Hawk Acquisition in the 3rd quarter worth $588,000. Finally, Clear Street Group Inc. purchased a new position in Black Hawk Acquisition during the third quarter valued at $588,000.

About Black Hawk Acquisition

Black Hawk Acquisition Corporation focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2023 and is based in Danville, California.