Churchill Capital Corp XII (NASDAQ:CXII) Releases Earnings Results

Churchill Capital Corp XII (NASDAQ:CXII) released its earnings results on Friday. The company reported $0.06 earnings per share for the quarter, FiscalAI reports.

Churchill Capital Corp XII Price Performance

Shares of CXII traded down $0.01 during trading hours on Friday, reaching $10.47. 293 shares of the company traded hands, compared to its average volume of 22,988. The firm has a fifty day moving average price of $10.57. The stock has a market cap of $581.83 million and a P/E ratio of 209.48. Churchill Capital Corp XII has a 12 month low of $10.05 and a 12 month high of $10.99.

Wall Street Analyst Weigh In

Separately, Weiss Ratings began coverage on Churchill Capital Corp XII in a research note on Friday, September 11th. They issued a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company has an average rating of “Sell”.

Churchill Capital Corp XII Company Profile

Churchill Capital Corp XII is a special purpose acquisition company (SPAC) formed to pursue a merger, acquisition, or similar business combination with one or more operating businesses. It does not have significant business operations of its own while it searches for a suitable target. The company is associated with the Churchill Capital platform founded by investment banker Michael Klein. Its future activities would depend on the business it combines with and the terms of that transaction.