Space Asset Acquisition (NASDAQ:SAAQ) Announces Earnings Results

Space Asset Acquisition (NASDAQ:SAAQ) posted its quarterly earnings data on Friday. The company reported $0.06 earnings per share for the quarter, FiscalAI reports.

Space Asset Acquisition Stock Up 0.2%

Shares of NASDAQ SAAQ traded up $0.02 during trading on Friday, reaching $10.07. 75,891 shares of the stock traded hands, compared to its average volume of 60,730. Space Asset Acquisition has a 52-week low of $9.88 and a 52-week high of $11.10. The company has a 50-day moving average of $10.08 and a 200-day moving average of $10.16.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Space Asset Acquisition stock. Corient Private Wealth LP purchased a new position in Space Asset Acquisition Corp. (NASDAQ:SAAQ) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $108,000.

Analyst Ratings Changes

Several brokerages have recently issued reports on SAAQ. Weiss Ratings raised Space Asset Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research report on Tuesday, September 1st. Wall Street Zen upgraded Space Asset Acquisition to a “hold” rating in a research note on Saturday, October 31st. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

About Space Asset Acquisition

Space Asset Acquisition Corp. was a special purpose acquisition company (SPAC) formed to pursue a merger, share exchange, asset acquisition or similar business combination with a private company. Its stated focus was businesses in the space industry. The company did not itself develop or provide space products or services. Its role was to identify and combine with a business, potentially giving that company access to public markets. Information about its operating activities, geographic reach and leadership is limited; these were not established as part of a separate space-services business.