Stellar V Capital (NASDAQ:SVCC) Posts Quarterly Earnings Results

Stellar V Capital (NASDAQ:SVCC) posted its quarterly earnings results on Tuesday. The company reported $0.04 EPS for the quarter, Zacks reports.

Stellar V Capital Stock Performance

SVCC opened at $11.19 on Thursday. The stock has a market cap of $241.82 million, a price-to-earnings ratio of 55.95 and a beta of 0.03. Stellar V Capital has a 1 year low of $10.33 and a 1 year high of $11.47. The stock has a fifty day moving average price of $10.72 and a 200 day moving average price of $10.57.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Stellar V Capital from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, October 2nd. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has an average rating of “Sell”.

Stellar V Capital Company Profile

Stellar V Capital Corp. is a special purpose acquisition company (SPAC) formed to pursue a business combination with an operating company. Its potential transaction could take the form of a merger, share exchange, asset acquisition, reorganization or similar combination. As a SPAC, Stellar V Capital does not operate a conventional product or service business. Its activities are focused on raising capital, identifying a suitable acquisition target and completing an initial business combination. Publicly available information does not provide sufficient detail about a completed transaction, specific target industry or operating geography.