Alpha Capital Acquisition (NASDAQ:ASPC) Trading Up 0.2% – Still a Buy?

Alpha Capital Acquisition (NASDAQ:ASPC) traded up 0.2% on Friday . The company traded as high as $11.00 and last traded at $10.78. 4,241 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 46,640 shares. The stock had previously closed at $10.76.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Alpha Capital Acquisition in a research note on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Alpha Capital Acquisition Trading Up 0.2%

The firm has a 50-day simple moving average of $11.21 and a 200-day simple moving average of $12.62.

Alpha Capital Acquisition (NASDAQ:ASPC) last posted its earnings results on Friday, May 8th. The company reported $0.03 earnings per share (EPS) for the quarter. As a group, sell-side analysts forecast that Alpha Capital Acquisition will post -0.27 EPS for the current year.

Institutional Investors Weigh In On Alpha Capital Acquisition

Several institutional investors have recently made changes to their positions in ASPC. Berkley W R Corp lifted its position in shares of Alpha Capital Acquisition by 19.3% during the third quarter. Berkley W R Corp now owns 615,149 shares of the company’s stock worth $6,361,000 after acquiring an additional 99,579 shares in the last quarter. Gabelli Funds LLC bought a new position in shares of Alpha Capital Acquisition in the second quarter worth $736,000. Goldman Sachs Group Inc. bought a new position in shares of Alpha Capital Acquisition in the first quarter worth $636,000. Radcliffe Capital Management L.P. bought a new position in shares of Alpha Capital Acquisition in the second quarter worth $336,000. Finally, Sandia Investment Management LP bought a new position in shares of Alpha Capital Acquisition in the second quarter worth $308,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Alpha Capital Acquisition Company Profile

Alpha Capital Acquisition Company does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in technology sector. The company was incorporated in 2020 and is based in New York, New York.