Space Asset Acquisition (NASDAQ:SAAQ) Releases Quarterly Earnings Results

Space Asset Acquisition (NASDAQ:SAAQ) released its quarterly earnings data on Friday. The company reported $0.06 EPS for the quarter, FiscalAI reports.

Space Asset Acquisition Price Performance

Shares of NASDAQ SAAQ traded up $0.02 during midday trading on Friday, hitting $10.07. 75,891 shares of the stock traded hands, compared to its average volume of 60,730. The firm has a 50-day moving average of $10.08 and a two-hundred day moving average of $10.16. Space Asset Acquisition has a one year low of $9.88 and a one year high of $11.10.

Hedge Funds Weigh In On Space Asset Acquisition

A hedge fund recently bought a new position in Space Asset Acquisition stock. Corient Private Wealth LP acquired a new stake in shares of Space Asset Acquisition Corp. (NASDAQ:SAAQ) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,000 shares of the company’s stock, valued at approximately $108,000.

Analysts Set New Price Targets

Several equities analysts have issued reports on SAAQ shares. Weiss Ratings upgraded shares of Space Asset Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research note on Tuesday, September 1st. Wall Street Zen upgraded shares of Space Asset Acquisition to a “hold” rating in a research note on Saturday, October 31st. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

About Space Asset Acquisition

Space Asset Acquisition Corp. was a special purpose acquisition company (SPAC) formed to pursue a merger, share exchange, asset acquisition or similar business combination with a private company. Its stated focus was businesses in the space industry. The company did not itself develop or provide space products or services. Its role was to identify and combine with a business, potentially giving that company access to public markets. Information about its operating activities, geographic reach and leadership is limited; these were not established as part of a separate space-services business.