SilverBox Corp IV (NYSE:SBXD) Stock Price Up 0.2% – Here’s Why

SilverBox Corp IV (NYSE:SBXD)’s share price shot up 0.2% on Monday . The company traded as high as $10.65 and last traded at $10.64. 4,684 shares were traded during trading, a decline of 93% from the average session volume of 69,883 shares. The stock had previously closed at $10.62.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of SilverBox Corp IV in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

SilverBox Corp IV Price Performance

The firm’s 50-day moving average is $10.59 and its 200 day moving average is $10.54. The stock has a market cap of $270.79 million, a price-to-earnings ratio of 62.59 and a beta of 0.11.

SilverBox Corp IV (NYSE:SBXD) last announced its quarterly earnings results on Wednesday, November 12th. The company reported $0.03 earnings per share for the quarter. The company had revenue of $2.31 million during the quarter.

Institutional Investors Weigh In On SilverBox Corp IV

A number of institutional investors have recently added to or reduced their stakes in the company. Tuttle Capital Management LLC acquired a new stake in SilverBox Corp IV during the second quarter worth about $219,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of SilverBox Corp IV by 200.0% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 600,000 shares of the company’s stock worth $6,361,000 after purchasing an additional 400,000 shares during the period. JPMorgan Chase & Co. acquired a new stake in SilverBox Corp IV during the 2nd quarter worth approximately $603,000. Federated Hermes Inc. purchased a new position in SilverBox Corp IV in the second quarter valued at approximately $1,081,000. Finally, Massar Capital Management LP purchased a new position in SilverBox Corp IV in the second quarter valued at approximately $767,000.

SilverBox Corp IV Company Profile

SilverBox Corp IV is a special purpose acquisition company (SPAC) formed to raise capital through an initial public offering and to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a blank-check vehicle, the company does not engage in any commercial operations until it completes its business combination.

The company was organized under the laws of the State of Delaware and is sponsored by SilverBox Capital Partners, a private investment firm that focuses on partnering with founder-led companies across technology, healthcare, consumer and business services sectors.