Cal Redwood Acquisition (NASDAQ:CRAQ) Posts Earnings Results

Cal Redwood Acquisition (NASDAQ:CRAQ) issued its quarterly earnings results on Friday. The company reported $0.06 EPS for the quarter, FiscalAI reports. The company had revenue of $2.05 million during the quarter.

Cal Redwood Acquisition Price Performance

Shares of CRAQ opened at $10.23 on Friday. Cal Redwood Acquisition has a fifty-two week low of $9.92 and a fifty-two week high of $10.44. The business has a 50 day simple moving average of $10.20.

Institutional Trading of Cal Redwood Acquisition

Several hedge funds have recently added to or reduced their stakes in CRAQ. Alberta Investment Management Corp bought a new position in shares of Cal Redwood Acquisition during the fourth quarter valued at about $4,072,000. Wealthspring Capital LLC boosted its holdings in Cal Redwood Acquisition by 469.9% during the 4th quarter. Wealthspring Capital LLC now owns 441,520 shares of the company’s stock valued at $4,459,000 after acquiring an additional 364,040 shares during the period. Sona Asset Management US LLC purchased a new stake in Cal Redwood Acquisition during the 1st quarter valued at about $3,086,000. Lineage Point Capital LP bought a new position in Cal Redwood Acquisition during the 4th quarter worth approximately $2,846,000. Finally, Readystate Asset Management LP purchased a new position in Cal Redwood Acquisition in the 4th quarter worth approximately $2,341,000.

Analysts Set New Price Targets

Separately, Weiss Ratings began coverage on shares of Cal Redwood Acquisition in a research report on Monday, January 26th. They issued a “sell (e+)” rating for the company. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

About Cal Redwood Acquisition

We are a blank check company incorporated on January 7, 2025 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.