Calisa Acquisition (NASDAQ:ALIS) Stock Price Up 0.1% – Still a Buy?

Calisa Acquisition Corp (NASDAQ:ALIS)’s stock price traded up 0.1% on Thursday . The company traded as high as $10.10 and last traded at $10.0860. 560 shares were traded during mid-day trading, a decline of 97% from the average session volume of 20,798 shares. The stock had previously closed at $10.08.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Calisa Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Calisa Acquisition Stock Up 0.1%

The stock’s 50-day moving average is $10.04.

Calisa Acquisition (NASDAQ:ALIS) last posted its quarterly earnings results on Wednesday, March 25th. The company reported $0.11 EPS for the quarter.

Institutional Investors Weigh In On Calisa Acquisition

Large investors have recently made changes to their positions in the business. Rivernorth Capital Management LLC purchased a new position in shares of Calisa Acquisition during the first quarter valued at approximately $2,994,000. Evercore Wealth Management LLC bought a new stake in Calisa Acquisition in the first quarter valued at $166,000. Sona Asset Management US LLC bought a new stake in Calisa Acquisition in the first quarter valued at $3,531,000. Berkley W R Corp increased its position in Calisa Acquisition by 32.2% during the 1st quarter. Berkley W R Corp now owns 196,716 shares of the company’s stock valued at $1,968,000 after purchasing an additional 47,931 shares during the period. Finally, Lineage Point Capital LP bought a new position in Calisa Acquisition in the 4th quarter worth $2,392,000.

About Calisa Acquisition

Calisa Acquisition (NASDAQ: ALIS) is a special purpose acquisition company (SPAC) that is publicly traded on the Nasdaq stock exchange. As a blank‑check vehicle, its primary corporate purpose is to identify, negotiate and complete one or more business combinations, such as mergers, share exchanges, asset acquisitions, or similar transactions that would result in a privately held company becoming publicly listed through the SPAC structure.

Like other SPACs, Calisa Acquisition typically raises capital through an initial public offering and holds those proceeds in a trust account while it evaluates potential target companies.