Cayson Acquisition (NASDAQ:CAPN) Stock Price Up 0.1% – What’s Next?

Cayson Acquisition Corp (NASDAQ:CAPN) rose 0.1% on Friday . The stock traded as high as $10.75 and last traded at $10.75. Approximately 4,279 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 44,792 shares. The stock had previously closed at $10.74.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Cayson Acquisition in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Cayson Acquisition Price Performance

The stock has a 50-day moving average of $10.67 and a 200-day moving average of $10.52.

Cayson Acquisition (NASDAQ:CAPN) last announced its earnings results on Wednesday, November 12th. The company reported $0.05 earnings per share for the quarter.

Hedge Funds Weigh In On Cayson Acquisition

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Clear Street LLC purchased a new stake in shares of Cayson Acquisition during the 2nd quarter valued at $125,000. Quarry LP bought a new stake in Cayson Acquisition during the third quarter worth about $152,000. Warberg Asset Management LLC purchased a new position in shares of Cayson Acquisition in the 3rd quarter worth about $180,000. Radcliffe Capital Management L.P. bought a new position in shares of Cayson Acquisition during the 2nd quarter valued at about $280,000. Finally, Magnetar Financial LLC purchased a new position in shares of Cayson Acquisition during the 2nd quarter valued at about $772,000.

About Cayson Acquisition

Cayson Acquisition Corp. is a Cayman Islands–incorporated blank check company formed in early 2021 to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company completed its initial public offering in March 2021 and is listed on the Nasdaq under the ticker symbol CAPN. As a special purpose acquisition company, Cayson Acquisition currently holds its capital in a trust account pending the execution of a qualifying transaction.

The company’s management team is focused on identifying high-growth opportunities across a range of industries, including technology, healthcare, consumer products and business services.