Launch One Acquisition (NASDAQ:LPAA) Trading 0.1% Higher – Should You Buy?

Shares of Launch One Acquisition Corp. (NASDAQ:LPAA) rose 0.1% on Thursday . The company traded as high as $10.68 and last traded at $10.65. Approximately 1,600 shares were traded during trading, a decline of 64% from the average daily volume of 4,497 shares. The stock had previously closed at $10.64.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Launch One Acquisition in a research report on Friday, January 9th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Launch One Acquisition Stock Up 0.1%

The stock’s 50 day moving average price is $10.62 and its two-hundred day moving average price is $10.54.

Institutional Investors Weigh In On Launch One Acquisition

Institutional investors have recently made changes to their positions in the company. Longfellow Investment Management Co. LLC bought a new stake in shares of Launch One Acquisition in the 3rd quarter valued at approximately $81,000. Clear Street Group Inc. acquired a new stake in Launch One Acquisition in the third quarter valued at approximately $114,000. Clear Street LLC bought a new stake in Launch One Acquisition in the second quarter worth approximately $116,000. Radcliffe Capital Management L.P. acquired a new position in shares of Launch One Acquisition during the 3rd quarter worth $587,000. Finally, Crossingbridge Advisors LLC bought a new position in shares of Launch One Acquisition during the 4th quarter valued at $878,000.

Launch One Acquisition Company Profile

Launch One Acquisition Corp is a blank check company incorporated in Delaware. Its principal business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Shares and warrants of the company trade on the Nasdaq Global Market under the ticker symbols “LPAA” and “LPAAW.”

The company completed its initial public offering in 2021, raising gross proceeds through the sale of units, each consisting of one share of common stock and one quarter of a warrant.