Alpha Capital Acquisition (NASDAQ:ASPC) Stock Price Down 1.7% – Should You Sell?

Alpha Capital Acquisition (NASDAQ:ASPC)’s share price traded down 1.7% during trading on Friday . The company traded as low as $10.51 and last traded at $10.63. 3,300 shares changed hands during trading, a decline of 91% from the average session volume of 37,711 shares. The stock had previously closed at $10.81.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Alpha Capital Acquisition in a research report on Wednesday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Alpha Capital Acquisition Trading Down 1.7%

The company’s 50-day moving average is $10.82 and its two-hundred day moving average is $11.70.

Alpha Capital Acquisition (NASDAQ:ASPC) last announced its quarterly earnings data on Friday, May 8th. The company reported $0.03 EPS for the quarter. On average, equities analysts forecast that Alpha Capital Acquisition will post -0.27 EPS for the current year.

Institutional Investors Weigh In On Alpha Capital Acquisition

Large investors have recently modified their holdings of the stock. Gabelli Funds LLC purchased a new position in Alpha Capital Acquisition in the second quarter valued at approximately $736,000. Goldman Sachs Group Inc. bought a new position in Alpha Capital Acquisition during the first quarter valued at $636,000. Radcliffe Capital Management L.P. purchased a new stake in Alpha Capital Acquisition in the second quarter worth $336,000. Sandia Investment Management LP purchased a new stake in Alpha Capital Acquisition in the second quarter worth $308,000. Finally, Geode Capital Management LLC purchased a new stake in Alpha Capital Acquisition in the fourth quarter worth $377,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Alpha Capital Acquisition Company Profile

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.