Space Asset Acquisition (NASDAQ:SAAQ) Posts Earnings Results

Space Asset Acquisition (NASDAQ:SAAQ) released its earnings results on Friday. The company reported $0.06 earnings per share (EPS) for the quarter, FiscalAI reports.

Space Asset Acquisition Price Performance

NASDAQ SAAQ traded up $0.02 during trading on Friday, hitting $10.07. 75,891 shares of the company traded hands, compared to its average volume of 60,730. The business has a fifty day simple moving average of $10.08 and a 200 day simple moving average of $10.16. Space Asset Acquisition has a 12 month low of $9.88 and a 12 month high of $11.10.

Hedge Funds Weigh In On Space Asset Acquisition

An institutional investor recently bought a new position in Space Asset Acquisition stock. Corient Private Wealth LP acquired a new position in Space Asset Acquisition Corp. (NASDAQ:SAAQ) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,000 shares of the company’s stock, valued at approximately $108,000.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on SAAQ shares. Wall Street Zen upgraded Space Asset Acquisition to a “hold” rating in a report on Saturday, October 31st. Weiss Ratings raised shares of Space Asset Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research report on Tuesday, September 1st. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has an average rating of “Sell”.

About Space Asset Acquisition

Space Asset Acquisition Corp. was a special purpose acquisition company (SPAC) formed to pursue a merger, share exchange, asset acquisition or similar business combination with a private company. Its stated focus was businesses in the space industry. The company did not itself develop or provide space products or services. Its role was to identify and combine with a business, potentially giving that company access to public markets. Information about its operating activities, geographic reach and leadership is limited; these were not established as part of a separate space-services business.