Horizon Space Acquisition I (NASDAQ:HSPO) Stock Price Down 1.7% – Should You Sell?

Shares of Horizon Space Acquisition I Corp. (NASDAQ:HSPO) fell 1.7% during mid-day trading on Wednesday . The company traded as low as $11.80 and last traded at $11.80. 548 shares traded hands during trading, a decline of 100% from the average session volume of 181,270 shares. The stock had previously closed at $12.00.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Horizon Space Acquisition I in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Horizon Space Acquisition I Trading Down 1.7%

The business has a 50-day moving average price of $12.55 and a 200-day moving average price of $12.36.

Horizon Space Acquisition I (NASDAQ:HSPO) last posted its quarterly earnings results on Wednesday, November 26th. The company reported $0.21 earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Horizon Space Acquisition I stock. Clear Street Group Inc. acquired a new stake in Horizon Space Acquisition I Corp. (NASDAQ:HSPO) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,764 shares of the company’s stock, valued at approximately $59,000. Clear Street Group Inc. owned about 0.11% of Horizon Space Acquisition I as of its most recent filing with the SEC. Institutional investors own 69.10% of the company’s stock.

About Horizon Space Acquisition I

Horizon Space Acquisition I Corp. (NASDAQ: HSPO) is a special purpose acquisition company formed to identify, acquire, and combine with one or more businesses operating in the space industry. The company completed its initial public offering in August 2021 and maintains its proceeds in trust until it locates a suitable target. Horizon Space Acquisition I focuses on businesses involved in satellite manufacturing, launch services, space systems integration, earth observation, communications, and related space infrastructure technologies.

The company serves global markets by targeting firms that provide critical services for government agencies, commercial enterprises, and research institutions engaged in space exploration, satellite-based connectivity, and data analytics.