Cal Redwood Acquisition (NASDAQ:CRAQ) Announces Quarterly Earnings Results

Cal Redwood Acquisition (NASDAQ:CRAQ) issued its quarterly earnings results on Monday. The company reported $0.06 earnings per share for the quarter, FiscalAI reports. The company had revenue of $2.11 million during the quarter.

Cal Redwood Acquisition Trading Down 0.3%

Shares of Cal Redwood Acquisition stock opened at $10.31 on Tuesday. The company has a 50-day simple moving average of $10.31 and a 200 day simple moving average of $10.24. Cal Redwood Acquisition has a 12-month low of $9.97 and a 12-month high of $10.35.

Hedge Funds Weigh In On Cal Redwood Acquisition

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sona Asset Management US LLC bought a new stake in Cal Redwood Acquisition during the first quarter worth about $3,086,000. Lineage Point Capital LP bought a new position in shares of Cal Redwood Acquisition in the fourth quarter valued at approximately $2,846,000. Alberta Investment Management Corp acquired a new position in shares of Cal Redwood Acquisition in the 4th quarter worth approximately $4,072,000. Readystate Asset Management LP acquired a new position in shares of Cal Redwood Acquisition in the 4th quarter worth approximately $2,341,000. Finally, Rivernorth Capital Management LLC increased its holdings in Cal Redwood Acquisition by 33.6% during the 4th quarter. Rivernorth Capital Management LLC now owns 397,500 shares of the company’s stock valued at $4,015,000 after purchasing an additional 100,000 shares in the last quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Cal Redwood Acquisition in a report on Monday, July 6th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Cal Redwood Acquisition Company Profile

We are a blank check company incorporated on January 7, 2025 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.