Stellar V Capital (NASDAQ:SVCC) Releases Earnings Results

Stellar V Capital (NASDAQ:SVCC) posted its quarterly earnings data on Tuesday. The company reported $0.04 earnings per share for the quarter, Zacks reports.

Stellar V Capital Stock Down 5.1%

NASDAQ:SVCC traded down $0.57 on Tuesday, hitting $10.58. The stock had a trading volume of 375 shares, compared to its average volume of 54,913. The business’s fifty day moving average is $10.72 and its 200 day moving average is $10.56. The company has a market cap of $228.57 million, a PE ratio of 45.99 and a beta of 0.03. Stellar V Capital has a 52 week low of $10.33 and a 52 week high of $11.47.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Stellar V Capital from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, October 2nd. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

About Stellar V Capital

Stellar V Capital Corp. is a special purpose acquisition company (SPAC) formed to pursue a business combination with an operating company. Its potential transaction could take the form of a merger, share exchange, asset acquisition, reorganization or similar combination. As a SPAC, Stellar V Capital does not operate a conventional product or service business. Its activities are focused on raising capital, identifying a suitable acquisition target and completing an initial business combination. Publicly available information does not provide sufficient detail about a completed transaction, specific target industry or operating geography.