Alpha Capital Acquisition (NASDAQ:ASPC) Shares Up 14.9% – Should You Buy?

Shares of Alpha Capital Acquisition (NASDAQ:ASPCGet Free Report) rose 14.9% during mid-day trading on Friday . The company traded as high as $12.65 and last traded at $12.45. 532,172 shares were traded during mid-day trading, an increase of 1,204% from the average daily volume of 40,825 shares. The stock had previously closed at $10.84.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alpha Capital Acquisition in a research note on Wednesday, July 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

View Our Latest Stock Report on Alpha Capital Acquisition

Alpha Capital Acquisition Price Performance

The firm’s fifty day moving average is $10.77 and its two-hundred day moving average is $11.23.

Alpha Capital Acquisition (NASDAQ:ASPCGet Free Report) last released its earnings results on Wednesday, August 12th. The company reported $0.08 EPS for the quarter. Analysts forecast that Alpha Capital Acquisition will post -0.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Gabelli Funds LLC acquired a new stake in shares of Alpha Capital Acquisition in the second quarter valued at $736,000. Goldman Sachs Group Inc. acquired a new position in Alpha Capital Acquisition during the first quarter worth about $636,000. Radcliffe Capital Management L.P. acquired a new position in Alpha Capital Acquisition during the second quarter worth about $336,000. Sandia Investment Management LP bought a new stake in Alpha Capital Acquisition in the second quarter worth about $308,000. Finally, Geode Capital Management LLC bought a new stake in Alpha Capital Acquisition in the fourth quarter worth about $377,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Alpha Capital Acquisition Company Profile

(Get Free Report)

Alpha Capital Acquisition Company does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in technology sector. The company was incorporated in 2020 and is based in New York, New York.

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