Alpha Capital Acquisition (NASDAQ:ASPC) Announces Quarterly Earnings Results

Alpha Capital Acquisition (NASDAQ:ASPC) posted its quarterly earnings data on Wednesday. The company reported $0.08 EPS for the quarter, FiscalAI reports.

Alpha Capital Acquisition Stock Down 0.4%

ASPC stock traded down $0.04 during mid-day trading on Friday, reaching $10.56. The company’s stock had a trading volume of 150 shares, compared to its average volume of 35,564. The company’s 50 day moving average is $10.74 and its two-hundred day moving average is $11.35. Alpha Capital Acquisition has a fifty-two week low of $10.29 and a fifty-two week high of $63.98.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alpha Capital Acquisition in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Inflows and Outflows

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