Black Hawk Acquisition (NASDAQ:BKHA) Stock Price Up 4.3% – Time to Buy?

Black Hawk Acquisition Corporation (NASDAQ:BKHA)’s share price rose 4.3% during mid-day trading on Friday . The stock traded as high as $11.60 and last traded at $11.89. Approximately 211 shares traded hands during trading, a decline of 89% from the average daily volume of 1,970 shares. The stock had previously closed at $11.40.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Black Hawk Acquisition in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Black Hawk Acquisition currently has an average rating of “Sell”.

Black Hawk Acquisition Stock Performance

The company has a fifty day simple moving average of $11.48 and a two-hundred day simple moving average of $11.25.

Black Hawk Acquisition (NASDAQ:BKHA) last announced its quarterly earnings results on Tuesday, October 21st. The company reported $0.03 earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BKHA. Meteora Capital LLC bought a new position in Black Hawk Acquisition during the 3rd quarter worth about $1,111,000. Crossingbridge Advisors LLC bought a new stake in shares of Black Hawk Acquisition in the third quarter valued at about $588,000. Clear Street Group Inc. acquired a new position in shares of Black Hawk Acquisition during the third quarter worth about $588,000. Berkley W R Corp grew its holdings in shares of Black Hawk Acquisition by 5.6% during the second quarter. Berkley W R Corp now owns 462,496 shares of the company’s stock worth $4,917,000 after buying an additional 24,441 shares in the last quarter. Finally, Quarry LP acquired a new stake in Black Hawk Acquisition in the 3rd quarter valued at approximately $112,000.

Black Hawk Acquisition Company Profile

Black Hawk Acquisition Corp. is a special purpose acquisition company (SPAC) formed to effect a merger, stock purchase, asset acquisition, stock exchange or similar business combination with one or more businesses. Incorporated in Delaware, the company was created to raise capital through an initial public offering and to seek a target business that can benefit from its public listing and access to growth capital.

Since its listing on the NASDAQ under the ticker BKHA, Black Hawk Acquisition has focused on identifying businesses in sectors such as technology, industrials, consumer and financial services.