Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY) Issues Earnings Results

Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY) released its quarterly earnings results on Wednesday. The company reported ($0.06) EPS for the quarter, FiscalAI reports.

Alchemy Investments Acquisition Corp 1 Stock Down 0.5%

Shares of NASDAQ ALCY opened at $11.83 on Thursday. Alchemy Investments Acquisition Corp 1 has a 1-year low of $10.25 and a 1-year high of $15.90. The company has a 50-day moving average of $11.77 and a two-hundred day moving average of $11.89.

Hedge Funds Weigh In On Alchemy Investments Acquisition Corp 1

A hedge fund recently bought a new stake in Alchemy Investments Acquisition Corp 1 stock. Clear Street Group Inc. purchased a new position in shares of Alchemy Investments Acquisition Corp 1 (NASDAQ:ALCY) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,476 shares of the company’s stock, valued at approximately $75,000. Clear Street Group Inc. owned about 0.14% of Alchemy Investments Acquisition Corp 1 at the end of the most recent reporting period. 92.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Alchemy Investments Acquisition Corp 1 in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Alchemy Investments Acquisition Corp 1 Company Profile

Alchemy Investments Acquisition Corp 1 is a special purpose acquisition company (SPAC) formed under Delaware law in 2021 with the primary objective of effecting a merger, share exchange, asset acquisition or similar business combination. The company completed its initial public offering on the Nasdaq under the ticker ALCY, offering units that consist of one share of common stock and one-half of a redeemable warrant. As a blank‐check entity, Alchemy Investments Acquisition Corp 1 does not have any operations or revenues of its own but is dedicated to identifying and acquiring one or more businesses.

The sponsor of the company, Alchemy Investments, LLC, is an investment management firm headquartered in New York.