Alpha Capital Acquisition (NASDAQ:ASPC) Stock Price Up 0.2% – Here’s Why

Alpha Capital Acquisition (NASDAQ:ASPC)’s share price rose 0.2% during mid-day trading on Friday . The stock traded as high as $11.00 and last traded at $10.78. Approximately 4,241 shares were traded during trading, a decline of 91% from the average daily volume of 46,640 shares. The stock had previously closed at $10.76.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alpha Capital Acquisition in a research note on Friday, May 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Alpha Capital Acquisition Stock Up 0.2%

The company has a fifty day simple moving average of $11.21 and a two-hundred day simple moving average of $12.62.

Alpha Capital Acquisition (NASDAQ:ASPC) last issued its quarterly earnings results on Friday, May 8th. The company reported $0.03 earnings per share for the quarter. Equities research analysts anticipate that Alpha Capital Acquisition will post -0.27 earnings per share for the current fiscal year.

Institutional Trading of Alpha Capital Acquisition

Several institutional investors have recently made changes to their positions in ASPC. Berkley W R Corp grew its stake in shares of Alpha Capital Acquisition by 19.3% during the 3rd quarter. Berkley W R Corp now owns 615,149 shares of the company’s stock valued at $6,361,000 after buying an additional 99,579 shares during the period. Gabelli Funds LLC purchased a new stake in shares of Alpha Capital Acquisition during the 2nd quarter valued at $736,000. Goldman Sachs Group Inc. purchased a new stake in shares of Alpha Capital Acquisition during the 1st quarter valued at $636,000. Radcliffe Capital Management L.P. purchased a new stake in shares of Alpha Capital Acquisition during the 2nd quarter valued at $336,000. Finally, Sandia Investment Management LP purchased a new stake in shares of Alpha Capital Acquisition during the 2nd quarter valued at $308,000. 88.95% of the stock is owned by hedge funds and other institutional investors.

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.