M3-Brigade Acquisition V (NASDAQ:VLOS) Releases Quarterly Earnings Results

M3-Brigade Acquisition V (NASDAQ:VLOS) released its quarterly earnings results on Friday. The company reported ($0.02) EPS for the quarter, FiscalAI reports.

M3-Brigade Acquisition V Trading Down 0.5%

M3-Brigade Acquisition V stock traded down $0.05 during midday trading on Friday, reaching $10.70. 424 shares of the company were exchanged, compared to its average volume of 9,616. The firm’s 50-day simple moving average is $10.73 and its 200-day simple moving average is $10.83. M3-Brigade Acquisition V has a 1 year low of $9.10 and a 1 year high of $11.96.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised M3-Brigade Acquisition V from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, September 29th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Polar Asset Management Partners Inc. raised its holdings in M3-Brigade Acquisition V by 117.0% in the 1st quarter. Polar Asset Management Partners Inc. now owns 3,812,849 shares of the company’s stock valued at $40,950,000 after acquiring an additional 2,055,408 shares during the last quarter. Saba Capital Management L.P. lifted its stake in shares of M3-Brigade Acquisition V by 11,039.2% during the 1st quarter. Saba Capital Management L.P. now owns 1,585,000 shares of the company’s stock worth $17,023,000 after purchasing an additional 1,570,771 shares during the period. Finally, DLD Asset Management LP acquired a new position in M3-Brigade Acquisition V in the first quarter valued at $644,000.

M3-Brigade Acquisition V Company Profile

M3-Brigade Acquisition V was formed as a special purpose acquisition company to pursue a merger or similar business combination. Following its business combination with Veloce Media Group, the company became associated with Veloce’s motorsport, gaming and digital-media operations. Veloce develops and distributes online content and operates activities spanning esports, sim racing and real-world motorsport. Its business connects audiences, creators, teams and brands through digital media and racing-related entertainment.