Alpha Capital Acquisition (NASDAQ:ASPC) Trading Down 1.8% – Time to Sell?

Alpha Capital Acquisition (NASDAQ:ASPC) was down 1.8% on Wednesday . The stock traded as low as $10.62 and last traded at $10.62. Approximately 1,243 shares were traded during trading, a decline of 97% from the average daily volume of 41,591 shares. The stock had previously closed at $10.82.

Analysts Set New Price Targets

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

Alpha Capital Acquisition Stock Down 1.8%

The business’s fifty day moving average is $11.05 and its 200-day moving average is $12.60.

Alpha Capital Acquisition (NASDAQ:ASPC) last announced its quarterly earnings results on Friday, May 8th. The company reported $0.03 earnings per share (EPS) for the quarter. On average, equities analysts expect that Alpha Capital Acquisition will post -0.27 earnings per share for the current year.

Institutional Trading of Alpha Capital Acquisition

Institutional investors have recently modified their holdings of the business. Berkley W R Corp raised 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 during the last quarter. Gabelli Funds LLC acquired a new position in shares of Alpha Capital Acquisition in the second quarter worth approximately $736,000. Goldman Sachs Group Inc. bought a new stake in Alpha Capital Acquisition in the first quarter valued at approximately $636,000. Radcliffe Capital Management L.P. bought a new stake in Alpha Capital Acquisition in the second quarter valued at approximately $336,000. Finally, Sandia Investment Management LP acquired a new stake in Alpha Capital Acquisition during the 2nd quarter valued at approximately $308,000. Institutional investors own 88.95% of the company’s stock.

About Alpha Capital Acquisition

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.