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

Cal Redwood Acquisition (NASDAQ:CRAQ) posted its earnings results on Friday. The company reported $0.06 EPS for the quarter, FiscalAI reports. The firm had revenue of $2.05 million for the quarter.

Cal Redwood Acquisition Stock Down 0.0%

Shares of CRAQ traded down $0.00 during midday trading on Friday, hitting $10.23. 5,004 shares of the company traded hands, compared to its average volume of 42,089. The stock’s 50-day moving average is $10.20. Cal Redwood Acquisition has a one year low of $9.92 and a one year high of $10.44.

Analysts Set New Price Targets

Separately, Weiss Ratings assumed coverage on Cal Redwood Acquisition in a research note on Monday, January 26th. They issued a “sell (e+)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Cal Redwood Acquisition

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Sona Asset Management US LLC bought a new stake in shares of Cal Redwood Acquisition during the first quarter valued at about $3,086,000. Lineage Point Capital LP bought a new position in shares of Cal Redwood Acquisition in the fourth quarter worth $2,846,000. Alberta Investment Management Corp bought a new position in shares of Cal Redwood Acquisition in the fourth quarter worth $4,072,000. Readystate Asset Management LP bought a new position in shares of Cal Redwood Acquisition in the fourth quarter worth $2,341,000. Finally, Rivernorth Capital Management LLC increased its holdings in shares of Cal Redwood Acquisition by 33.6% in the fourth quarter. Rivernorth Capital Management LLC now owns 397,500 shares of the company’s stock worth $4,015,000 after purchasing an additional 100,000 shares during the period.

About Cal Redwood Acquisition

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.