SilverBox Corp IV (NYSE:SBXD) Trading Down 0% – Here’s Why

SilverBox Corp IV (NYSE:SBXD) was down 0% during trading on Thursday . The company traded as low as $10.84 and last traded at $10.8450. Approximately 21,511 shares traded hands during mid-day trading, an increase of 124% from the average daily volume of 9,609 shares. The stock had previously closed at $10.85.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of SilverBox Corp IV in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

SilverBox Corp IV Price Performance

The stock’s fifty day moving average price is $10.81 and its 200-day moving average price is $10.72. The firm has a market cap of $276.01 million, a price-to-earnings ratio of 54.23 and a beta of 0.06.

SilverBox Corp IV (NYSE:SBXD) last posted its quarterly earnings data on Friday, May 15th. The company reported $0.05 EPS for the quarter. The firm had revenue of $1.87 million during the quarter.

Institutional Trading of SilverBox Corp IV

Hedge funds and other institutional investors have recently modified their holdings of the business. Berkley W R Corp grew its holdings in shares of SilverBox Corp IV by 25.0% during the first quarter. Berkley W R Corp now owns 1,514,573 shares of the company’s stock valued at $16,206,000 after buying an additional 302,899 shares in the last quarter. Creek Drive Management Group LLC purchased a new stake in SilverBox Corp IV in the 4th quarter worth about $1,481,000. Lineage Point Capital LP purchased a new stake in SilverBox Corp IV in the 4th quarter worth about $529,000. Schonfeld Strategic Advisors LLC acquired a new stake in SilverBox Corp IV during the 4th quarter worth about $205,000. Finally, Radcliffe Capital Management L.P. boosted its position in SilverBox Corp IV by 28.2% during the 4th quarter. Radcliffe Capital Management L.P. now owns 227,454 shares of the company’s stock worth $2,406,000 after acquiring an additional 50,042 shares during the period.

About SilverBox Corp IV

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.