Alpha Capital Acquisition (NASDAQ:ASPC) Shares Up 0.5% – Should You Buy?

Alpha Capital Acquisition (NASDAQ:ASPCGet Free Report) shares rose 0.5% on Friday . The stock traded as high as $11.12 and last traded at $10.98. 31,324 shares were traded during mid-day trading, a decline of 19% from the average daily volume of 38,671 shares. The stock had previously closed at $10.92.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of Alpha Capital Acquisition from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Alpha Capital Acquisition has an average rating of “Sell”.

View Our Latest Stock Analysis on Alpha Capital Acquisition

Alpha Capital Acquisition Stock Up 0.5%

The stock has a 50 day simple moving average of $10.81 and a 200 day simple moving average of $11.04.

Alpha Capital Acquisition (NASDAQ:ASPCGet Free Report) last issued its earnings results on Wednesday, August 12th. The company reported $0.08 earnings per share for the quarter. Equities research analysts expect that Alpha Capital Acquisition will post -0.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ASPC. Geode Capital Management LLC purchased a new position in shares of Alpha Capital Acquisition during the fourth quarter valued at approximately $377,000. Gabelli Funds LLC purchased a new stake in Alpha Capital Acquisition in the 2nd quarter valued at $736,000. Goldman Sachs Group Inc. bought a new position in Alpha Capital Acquisition during the 1st quarter valued at $636,000. Radcliffe Capital Management L.P. bought a new position in Alpha Capital Acquisition during the 2nd quarter valued at $336,000. Finally, Sandia Investment Management LP purchased a new position in Alpha Capital Acquisition during the 2nd quarter worth $308,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Alpha Capital Acquisition Company Profile

(Get Free Report)

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.

Further Reading

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