Context Capital Management LLC Makes New Investment in FIGX Capital Acquisition Corp. $FIGX

Context Capital Management LLC purchased a new stake in shares of FIGX Capital Acquisition Corp. (NASDAQ:FIGX) during the third quarter, Holdings Channel reports. The firm purchased 250,000 shares of the company’s stock, valued at approximately $2,580,000.

Separately, Sona Asset Management US LLC purchased a new position in shares of FIGX Capital Acquisition in the 1st quarter worth about $1,090,000.

FIGX Capital Acquisition Price Performance

FIGX stock opened at $10.38 on Wednesday. FIGX Capital Acquisition Corp. has a one year low of $10.04 and a one year high of $10.39. The company’s 50 day moving average price is $10.35 and its two-hundred day moving average price is $10.24.

FIGX Capital Acquisition (NASDAQ:FIGX) last announced its quarterly earnings data on Thursday, November 5th. The company reported $0.07 earnings per share (EPS) for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded FIGX Capital Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, September 1st. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

About FIGX Capital Acquisition

FIGX Capital Acquisition Corp. is a special purpose acquisition company, or SPAC. The company was formed to identify and complete a business combination with one or more operating businesses through a merger, acquisition, share exchange, asset acquisition, reorganization, or similar transaction. Unlike an operating company, FIGX Capital Acquisition Corp. does not appear to provide products or services directly to customers. Its principal activities are focused on raising capital, evaluating potential acquisition targets, and completing a qualifying transaction.