Stellar V Capital Corp. (NASDAQ:SVCC – Get Free Report)’s share price passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $10.71 and traded as high as $11.21. Stellar V Capital shares last traded at $10.7850, with a volume of 2,122 shares changing hands.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded shares of Stellar V Capital from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, October 2nd. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.
Read Our Latest Report on SVCC
Stellar V Capital Price Performance
The company’s fifty day moving average price is $10.71 and its 200 day moving average price is $10.56. The company has a market cap of $233.06 million, a PE ratio of 46.89 and a beta of 0.03.
Stellar V Capital (NASDAQ:SVCC – Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The company reported $0.04 earnings per share for the quarter.
Hedge Funds Weigh In On Stellar V Capital
A hedge fund recently bought a new position in Stellar V Capital stock. Sona Asset Management US LLC bought a new position in shares of Stellar V Capital Corp. (NASDAQ:SVCC – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 322,958 shares of the company’s stock, valued at approximately $3,375,000. Sona Asset Management US LLC owned approximately 1.49% of Stellar V Capital as of its most recent SEC filing.
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.
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