Cal Redwood Acquisition (NASDAQ:CRAQ) Posts Earnings Results

Cal Redwood Acquisition (NASDAQ:CRAQ) released its earnings results on Monday. The company reported $0.06 EPS for the quarter, FiscalAI reports. The firm had revenue of $2.11 million for the quarter.

Cal Redwood Acquisition Trading Down 0.3%

Shares of CRAQ stock traded down $0.04 during midday trading on Monday, hitting $10.31. The company had a trading volume of 1,006 shares, compared to its average volume of 38,044. The company’s 50 day simple moving average is $10.31 and its 200 day simple moving average is $10.24. Cal Redwood Acquisition has a 52-week low of $9.97 and a 52-week high of $10.35.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cal Redwood Acquisition in a research report on Monday, July 6th. 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”.

Institutional Trading of Cal Redwood Acquisition

Hedge funds have recently made changes to their positions in the company. ABC Arbitrage SA acquired a new stake in Cal Redwood Acquisition in the fourth quarter valued at about $304,000. Wealthspring Capital LLC lifted its holdings in shares of Cal Redwood Acquisition by 469.9% in the 4th quarter. Wealthspring Capital LLC now owns 441,520 shares of the company’s stock valued at $4,459,000 after buying an additional 364,040 shares during the period. L1 Global Manager Pty Ltd acquired a new stake in shares of Cal Redwood Acquisition in the 4th quarter valued at approximately $507,000. Westchester Capital Management LLC boosted its stake in shares of Cal Redwood Acquisition by 30.0% in the fourth quarter. Westchester Capital Management LLC now owns 650,000 shares of the company’s stock valued at $6,617,000 after buying an additional 150,000 shares in the last quarter. Finally, Verition Fund Management LLC grew its holdings in Cal Redwood Acquisition by 1.6% during the fourth quarter. Verition Fund Management LLC now owns 978,322 shares of the company’s stock worth $9,959,000 after acquiring an additional 15,265 shares during the period.

About Cal Redwood Acquisition

We are a blank check company incorporated on January 7, 2025 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.