M3-Brigade Acquisition V (NASDAQ:VLOS) Stock Price Up 0.3% – Still a Buy?

Shares of M3-Brigade Acquisition V Corp. (NASDAQ:VLOS) were up 0.3% on Wednesday. The stock traded as high as $10.77 and last traded at $10.76. Approximately 100,204 shares changed hands during mid-day trading, an increase of 535% from the average session volume of 15,787 shares. The stock had previously closed at $10.73.

Wall Street Analyst Weigh In

A number of research analysts have commented on VLOS shares. Wall Street Zen upgraded M3-Brigade Acquisition V to a “sell” rating in a research report on Saturday, June 27th. Weiss Ratings upgraded M3-Brigade Acquisition V from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, September 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, M3-Brigade Acquisition V presently has an average rating of “Sell”.

M3-Brigade Acquisition V Price Performance

The business has a fifty day moving average of $10.93 and a 200 day moving average of $10.87.

M3-Brigade Acquisition V (NASDAQ:VLOS) last released its earnings results on Thursday, August 13th. The company reported $0.05 earnings per share for the quarter.

Institutional Trading of M3-Brigade Acquisition V

A number of hedge funds have recently modified their holdings of the company. Polar Asset Management Partners Inc. increased its stake in M3-Brigade Acquisition V by 117.0% in the first quarter. Polar Asset Management Partners Inc. now owns 3,812,849 shares of the company’s stock valued at $40,950,000 after purchasing an additional 2,055,408 shares in the last quarter. Saba Capital Management L.P. boosted its position in shares of M3-Brigade Acquisition V by 11,039.2% during the first quarter. Saba Capital Management L.P. now owns 1,585,000 shares of the company’s stock worth $17,023,000 after purchasing an additional 1,570,771 shares in the last quarter. Clear Street Group Inc. boosted its position in shares of M3-Brigade Acquisition V by 26.1% during the fourth quarter. Clear Street Group Inc. now owns 105,000 shares of the company’s stock worth $1,116,000 after purchasing an additional 21,713 shares in the last quarter. Finally, DLD Asset Management LP acquired a new position in shares of M3-Brigade Acquisition V in the 1st quarter valued at $644,000.

M3-Brigade Acquisition V Company Profile

M3-Brigade Acquisition V Corp. is a blank-check company, also known as a special purpose acquisition company (SPAC). The company was formed to identify and complete a merger, share exchange, asset acquisition, share purchase, recapitalization or similar business combination with one or more operating businesses.

As a SPAC, M3-Brigade Acquisition V does not operate a traditional business and does not currently offer products or services to customers. Its activities primarily involve evaluating potential acquisition targets and pursuing a transaction that would allow a private company to become publicly traded.

The company is sponsored by affiliates of M3 Partners and Brigade Capital Management.