Blue Water Acquisition Corp. III (NASDAQ:BLUW) Releases Earnings Results

Blue Water Acquisition Corp. III (NASDAQ:BLUW – Get Free Report) announced its quarterly earnings data on Friday. The company reported $0.09 earnings per share (EPS) for the quarter, FiscalAI reports.

Blue Water Acquisition Corp. III Trading Down 0.0%

BLUW traded down $0.01 during trading hours on Friday, reaching $10.44. The company’s stock had a trading volume of 336 shares, compared to its average volume of 46,518. Blue Water Acquisition Corp. III has a fifty-two week low of $10.02 and a fifty-two week high of $10.44. The business’s 50-day moving average is $10.39 and its 200-day moving average is $10.33.

Institutional Investors Weigh In On Blue Water Acquisition Corp. III

A hedge fund recently bought a new stake in Blue Water Acquisition Corp. III stock. Kepos Capital LP purchased a new stake in Blue Water Acquisition Corp. III (NASDAQ:BLUW – Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 75,000 shares of the company’s stock, valued at approximately $778,000. Kepos Capital LP owned 0.27% of Blue Water Acquisition Corp. III as of its most recent filing with the SEC.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Blue Water Acquisition Corp. III from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, August 18th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has an average rating of “Sell”.

Get Our Latest Analysis on Blue Water Acquisition Corp. III

Blue Water Acquisition Corp. III Company Profile

(Get Free Report)

Blue Water Acquisition Corp. III is a special purpose acquisition company, or SPAC, formed to pursue a merger, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Like other SPACs, the company does not have significant operating activities or its own portfolio of products and services while it searches for a business combination. Its business focus, target geographies and operating leadership beyond its SPAC management have not been specified here.

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