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

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

Cal Redwood Acquisition Trading Down 0.3%

Shares of NASDAQ CRAQ opened at $10.31 on Wednesday. The business’s fifty day simple moving average is $10.31 and its 200-day simple moving average is $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

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. ABC Arbitrage SA acquired a new position in shares of Cal Redwood Acquisition during the fourth quarter worth about $304,000. L1 Global Manager Pty Ltd purchased a new position in Cal Redwood Acquisition in the fourth quarter worth approximately $507,000. Readystate Asset Management LP acquired a new position in Cal Redwood Acquisition during the 4th quarter worth approximately $2,341,000. Lineage Point Capital LP purchased a new stake in shares of Cal Redwood Acquisition in the 4th quarter valued at approximately $2,846,000. Finally, Sona Asset Management US LLC purchased a new stake in shares of Cal Redwood Acquisition in the 1st quarter valued at approximately $3,086,000.

Wall Street Analysts Forecast Growth

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