Cal Redwood Acquisition (NASDAQ:CRAQ – Get Free Report) posted its quarterly earnings data on Friday. The company reported $0.06 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $2.05 million for the quarter.
Cal Redwood Acquisition Price Performance
CRAQ traded down $0.00 on Friday, hitting $10.23. 5,004 shares of the company were exchanged, compared to its average volume of 42,089. The stock’s fifty day moving average price is $10.20. Cal Redwood Acquisition has a 12 month low of $9.92 and a 12 month high of $10.44.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings initiated coverage on shares of Cal Redwood Acquisition in a report on Monday, January 26th. They issued a “sell (e+)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Cal Redwood Acquisition has an average rating of “Sell”.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in CRAQ. ABC Arbitrage SA purchased a new stake in Cal Redwood Acquisition during the 4th quarter valued at $304,000. L1 Global Manager Pty Ltd bought a new stake in shares of Cal Redwood Acquisition in the fourth quarter worth about $507,000. Readystate Asset Management LP bought a new stake in shares of Cal Redwood Acquisition in the fourth quarter worth about $2,341,000. Lineage Point Capital LP purchased a new position in Cal Redwood Acquisition during the 4th quarter valued at about $2,846,000. Finally, Sona Asset Management US LLC bought a new position in Cal Redwood Acquisition during the 1st quarter valued at approximately $3,086,000.
About Cal Redwood Acquisition
We are a blank check company incorporated on January 7, 2025 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.
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