SilverBox Corp IV (NYSE:SBXD) Announces Quarterly Earnings Results

SilverBox Corp IV (NYSE:SBXD) issued its quarterly earnings data on Friday. The company reported $0.05 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $1.87 million during the quarter.

SilverBox Corp IV Trading Up 0.2%

NYSE SBXD traded up $0.02 during mid-day trading on Friday, reaching $10.78. 4,453 shares of the company’s stock traded hands, compared to its average volume of 40,777. SilverBox Corp IV has a 1-year low of $10.35 and a 1-year high of $11.64. The company has a fifty day simple moving average of $10.72 and a 200-day simple moving average of $10.64. The company has a market cap of $274.35 million, a price-to-earnings ratio of 46.87 and a beta of 0.06.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of SilverBox Corp IV in a research report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Institutional Investors Weigh In On SilverBox Corp IV

Hedge funds have recently bought and sold shares of the business. Rangeley Capital LLC acquired a new stake in SilverBox Corp IV during the 2nd quarter valued at approximately $110,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of SilverBox Corp IV in the 4th quarter worth about $205,000. Citadel Advisors LLC bought a new stake in shares of SilverBox Corp IV in the 3rd quarter worth about $489,000. Lineage Point Capital LP bought a new stake in shares of SilverBox Corp IV in the 4th quarter worth about $529,000. Finally, JPMorgan Chase & Co. bought a new stake in shares of SilverBox Corp IV in the 2nd quarter worth about $603,000.

SilverBox Corp IV Company Profile

SilverBox Corp IV is a special purpose acquisition company (SPAC) formed to raise capital through an initial public offering and to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a blank-check vehicle, the company does not engage in any commercial operations until it completes its business combination.

The company was organized under the laws of the State of Delaware and is sponsored by SilverBox Capital Partners, a private investment firm that focuses on partnering with founder-led companies across technology, healthcare, consumer and business services sectors.