SilverBox Corp V (NYSE:SBXE) Issues Quarterly Earnings Results

SilverBox Corp V (NYSE:SBXE) released its quarterly earnings results on Tuesday. The company reported $0.11 earnings per share for the quarter, Zacks reports.

SilverBox Corp V Price Performance

Shares of SBXE stock traded up $0.02 during mid-day trading on Tuesday, hitting $10.14. The company had a trading volume of 40,006 shares, compared to its average volume of 57,162. SilverBox Corp V has a 52-week low of $9.88 and a 52-week high of $10.24. The stock’s 50 day moving average price is $10.11 and its 200-day moving average price is $10.07. The company has a market capitalization of $281.81 million and a P/E ratio of 144.81.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of SilverBox Corp V from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, October 13th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

About SilverBox Corp V

SilverBox Corp V is a special purpose acquisition company (SPAC) organized to identify and complete a business combination with one or more operating businesses. Potential transactions may include a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar transaction. Unlike an operating company, SilverBox Corp V does not currently provide products or services of its own. Its activities are focused on evaluating potential acquisition targets, conducting due diligence and seeking shareholder approval for a proposed transaction.