LightWave Acquisition Corp. (NASDAQ:LWAC – Get Free Report) shares were down 0.5% during mid-day trading on Monday . The company traded as low as $10.29 and last traded at $10.30. Approximately 5,136 shares changed hands during trading, a decline of 54% from the average session volume of 11,148 shares. The stock had previously closed at $10.35.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LightWave Acquisition in a report on Wednesday, July 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, LightWave Acquisition has a consensus rating of “Sell”.
Read Our Latest Research Report on LightWave Acquisition
LightWave Acquisition Stock Performance
LightWave Acquisition (NASDAQ:LWAC – Get Free Report) last announced its quarterly earnings results on Friday, May 15th. The company reported $0.06 EPS for the quarter.
Institutional Investors Weigh In On LightWave Acquisition
Large investors have recently added to or reduced their stakes in the business. PenderFund Capital Management Ltd. bought a new position in LightWave Acquisition in the 4th quarter worth about $102,000. Quarry LP bought a new stake in shares of LightWave Acquisition during the 4th quarter valued at about $246,000. ABC Arbitrage SA bought a new stake in shares of LightWave Acquisition during the 4th quarter valued at about $351,000. Gabelli Funds LLC purchased a new position in shares of LightWave Acquisition during the third quarter worth about $444,000. Finally, Heights Capital Management Inc. purchased a new position in shares of LightWave Acquisition during the fourth quarter worth about $502,000.
About LightWave Acquisition
Locust Walk Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Boston, Massachusetts.
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