Keen Vision Acquisition (NASDAQ:KVAC) Announces Earnings Results

Keen Vision Acquisition (NASDAQ:KVAC) issued its quarterly earnings data on Wednesday. The company reported $0.45 earnings per share for the quarter, FiscalAI reports.

Keen Vision Acquisition Stock Up 0.1%

NASDAQ:KVAC traded up $0.01 during mid-day trading on Wednesday, reaching $12.01. The stock had a trading volume of 1,071 shares, compared to its average volume of 33,046. Keen Vision Acquisition has a 1-year low of $11.19 and a 1-year high of $12.20. The stock’s 50 day simple moving average is $11.92 and its two-hundred day simple moving average is $11.78.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Keen Vision Acquisition from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, January 13th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Keen Vision Acquisition has an average rating of “Hold”.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of KVAC. Clear Street Group Inc. increased its holdings in shares of Keen Vision Acquisition by 86.6% in the 4th quarter. Clear Street Group Inc. now owns 61,530 shares of the company’s stock valued at $723,000 after acquiring an additional 28,553 shares during the last quarter. Berkley W R Corp lifted its stake in Keen Vision Acquisition by 5.0% during the fourth quarter. Berkley W R Corp now owns 749,372 shares of the company’s stock worth $8,805,000 after purchasing an additional 35,357 shares during the last quarter. Crossingbridge Advisors LLC boosted its holdings in Keen Vision Acquisition by 8.9% in the fourth quarter. Crossingbridge Advisors LLC now owns 71,032 shares of the company’s stock worth $835,000 after purchasing an additional 5,776 shares during the period. Finally, Meteora Capital LLC acquired a new position in Keen Vision Acquisition in the third quarter worth $120,000. Institutional investors own 51.72% of the company’s stock.

About Keen Vision Acquisition

Keen Vision Acquisition Corp is a Delaware‐incorporated special purpose acquisition company (SPAC) that completed its initial public offering in 2021. Trading on the Nasdaq under the ticker KVAC, the company raised capital through the sale of units priced at $10.00 each. Proceeds from the offering are held in a trust account pending the identification and completion of a business combination.

The company’s principal business activity is to seek a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or assets.