Stellar V Capital (NASDAQ:SVCC) Issues Earnings Results

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

Stellar V Capital Stock Down 5.1%

Shares of SVCC stock traded down $0.57 during trading hours on Tuesday, hitting $10.58. 375 shares of the company’s stock were exchanged, compared to its average volume of 54,913. The firm has a market cap of $228.57 million, a P/E ratio of 45.99 and a beta of 0.03. The firm has a 50 day moving average of $10.72 and a two-hundred day moving average of $10.56. Stellar V Capital has a fifty-two week low of $10.33 and a fifty-two week high of $11.47.

Wall Street Analyst Weigh In

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

About Stellar V Capital

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.