Cayson Acquisition (NASDAQ:CAPN) Posts Quarterly Earnings Results

Cayson Acquisition (NASDAQ:CAPN) posted its earnings results on Friday. The company reported $0.03 earnings per share for the quarter, FiscalAI reports.

Cayson Acquisition Stock Performance

Shares of NASDAQ:CAPN opened at $11.15 on Friday. Cayson Acquisition has a 12-month low of $10.32 and a 12-month high of $11.44. The business has a 50 day moving average of $11.08 and a 200-day moving average of $10.94.

Institutional Trading of Cayson Acquisition

Several hedge funds have recently added to or reduced their stakes in the company. Crossingbridge Advisors LLC bought a new stake in Cayson Acquisition in the 4th quarter valued at $92,000. Quarry LP bought a new position in Cayson Acquisition during the 3rd quarter worth $152,000. Radcliffe Capital Management L.P. acquired a new stake in shares of Cayson Acquisition during the second quarter worth $280,000. Clear Street Group Inc. lifted its holdings in shares of Cayson Acquisition by 7.6% during the fourth quarter. Clear Street Group Inc. now owns 107,793 shares of the company’s stock worth $1,147,000 after buying an additional 7,601 shares in the last quarter. Finally, Whitebox Advisors LLC bought a new stake in shares of Cayson Acquisition in the second quarter valued at about $1,290,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Cayson Acquisition in a report on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

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.