Alpha Capital Acquisition (NASDAQ:ASPC) Releases Quarterly Earnings Results

Alpha Capital Acquisition (NASDAQ:ASPC) announced its quarterly earnings results on Wednesday. The company reported $0.08 EPS for the quarter, FiscalAI reports.

Alpha Capital Acquisition Price Performance

NASDAQ:ASPC traded up $0.04 on Wednesday, reaching $10.60. The stock had a trading volume of 837 shares, compared to its average volume of 35,802. Alpha Capital Acquisition has a 1-year low of $10.29 and a 1-year high of $63.98. The stock has a fifty day moving average price of $10.76 and a 200-day moving average price of $11.38.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Alpha Capital Acquisition in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Alpha Capital Acquisition currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of ASPC. Geode Capital Management LLC bought a new stake in Alpha Capital Acquisition during the 4th quarter worth approximately $377,000. Radcliffe Capital Management L.P. bought a new position in Alpha Capital Acquisition in the 2nd quarter valued at $336,000. Sandia Investment Management LP acquired a new position in Alpha Capital Acquisition in the second quarter worth $308,000. Gabelli Funds LLC acquired a new position in Alpha Capital Acquisition in the second quarter worth $736,000. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Alpha Capital Acquisition during the first quarter worth $636,000. Institutional investors own 88.95% of the company’s stock.

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.