Blue Water Acquisition Corp. III (NASDAQ:BLUW) Issues Quarterly Earnings Results

Blue Water Acquisition Corp. III (NASDAQ:BLUW) posted its quarterly earnings results on Friday. The company reported $0.09 EPS for the quarter, FiscalAI reports.

Blue Water Acquisition Corp. III Stock Performance

NASDAQ:BLUW traded down $0.01 during mid-day trading on Friday, hitting $10.44. The company’s stock had a trading volume of 337 shares, compared to its average volume of 44,094. Blue Water Acquisition Corp. III has a fifty-two week low of $10.02 and a fifty-two week high of $10.44. The stock has a fifty day moving average of $10.39 and a 200-day moving average of $10.33.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Blue Water Acquisition Corp. III from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, August 18th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Blue Water Acquisition Corp. III stock. Context Capital Management LLC acquired a new stake in Blue Water Acquisition Corp. III (NASDAQ:BLUW) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 50,000 shares of the company’s stock, valued at approximately $519,000. Context Capital Management LLC owned 0.18% of Blue Water Acquisition Corp. III at the end of the most recent quarter.

About Blue Water Acquisition Corp. III

Blue Water Acquisition Corp. III is a special purpose acquisition company, or SPAC, formed to pursue a merger, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Like other SPACs, the company does not have significant operating activities or its own portfolio of products and services while it searches for a business combination. Its business focus, target geographies and operating leadership beyond its SPAC management have not been specified here.