Stellar V Capital (NASDAQ:SVCC) Posts Quarterly Earnings Results

Stellar V Capital (NASDAQ:SVCC) issued its quarterly earnings data on Tuesday. The company reported $0.04 EPS for the quarter, Zacks reports.

Stellar V Capital Price Performance

SVCC stock traded down $0.57 during trading on Tuesday, hitting $10.58. 375 shares of the company traded hands, compared to its average volume of 54,913. Stellar V Capital has a 1 year low of $10.33 and a 1 year high of $11.47. The company has a market cap of $228.57 million, a PE ratio of 45.99 and a beta of 0.03. The stock’s 50-day simple moving average is $10.72 and its 200 day simple moving average is $10.56.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Stellar V Capital from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, October 2nd. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has an average rating of “Sell”.

Stellar V Capital Company Profile

Stellar V Capital Corp. is a special purpose acquisition company (SPAC) formed to pursue a business combination with an operating company. Its potential transaction could take the form of a merger, share exchange, asset acquisition, reorganization or similar combination. As a SPAC, Stellar V Capital does not operate a conventional product or service business. Its activities are focused on raising capital, identifying a suitable acquisition target and completing an initial business combination. Publicly available information does not provide sufficient detail about a completed transaction, specific target industry or operating geography.