LightWave Acquisition (NASDAQ:LWAC – Get Free Report) issued its quarterly earnings results on Friday. The company reported $0.06 EPS for the quarter, FiscalAI reports.
LightWave Acquisition Stock Performance
NASDAQ LWAC opened at $10.18 on Friday. LightWave Acquisition has a 1 year low of $9.81 and a 1 year high of $10.20. The company has a fifty day moving average of $10.17 and a 200 day moving average of $10.10.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded LightWave Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.
Hedge Funds Weigh In On LightWave Acquisition
Institutional investors have recently modified their holdings of the stock. PenderFund Capital Management Ltd. purchased a new stake in shares of LightWave Acquisition in the fourth quarter worth about $102,000. Quarry LP purchased a new position in LightWave Acquisition during the fourth quarter valued at approximately $246,000. Berkley W R Corp lifted its holdings in LightWave Acquisition by 11.1% in the fourth quarter. Berkley W R Corp now owns 248,050 shares of the company’s stock valued at $2,488,000 after acquiring an additional 24,872 shares during the period. ABC Arbitrage SA acquired a new position in LightWave Acquisition in the fourth quarter valued at approximately $351,000. Finally, Wolverine Asset Management LLC boosted its position in LightWave Acquisition by 40.3% in the 4th quarter. Wolverine Asset Management LLC now owns 140,302 shares of the company’s stock worth $1,410,000 after purchasing an additional 40,272 shares in the last quarter.
LightWave Acquisition Company Profile
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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