Freedom Acquisition I (NASDAQ:FACT – Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.05 earnings per share (EPS) for the quarter, FiscalAI reports.
Freedom Acquisition I Stock Performance
Freedom Acquisition I stock remained flat at $10.80 during mid-day trading on Friday. 15 shares of the company’s stock were exchanged, compared to its average volume of 94,724. Freedom Acquisition I has a 12 month low of $10.33 and a 12 month high of $10.81. The business’s 50-day simple moving average is $10.74 and its 200-day simple moving average is $10.63.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Freedom Acquisition I in a report on Wednesday. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Freedom Acquisition I presently has a consensus rating of “Sell”.
Get Our Latest Report on Freedom Acquisition I
Institutional Investors Weigh In On Freedom Acquisition I
Several institutional investors have recently modified their holdings of FACT. Kepos Capital LP purchased a new position in Freedom Acquisition I in the 3rd quarter valued at approximately $467,000. Alberta Investment Management Corp purchased a new stake in shares of Freedom Acquisition I in the 3rd quarter worth about $2,680,000. Context Capital Management LLC purchased a new stake in shares of Freedom Acquisition I in the 3rd quarter worth about $2,148,000. SkyView Investment Advisors LLC acquired a new stake in Freedom Acquisition I in the 2nd quarter valued at about $532,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Freedom Acquisition I in the second quarter valued at about $204,000. Hedge funds and other institutional investors own 55.82% of the company’s stock.
About Freedom Acquisition I
Freedom Acquisition I Corp. was a special purpose acquisition company (SPAC), formed to pursue a merger, asset acquisition, share exchange or similar business combination with another company. It did not have significant operating activities of its own while seeking a transaction. In 2023, Freedom Acquisition I completed a business combination with Complete Solaria, a provider of residential solar technology and services. The combined business operated as Complete Solaria, Inc., bringing solar products and related services to customers.
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