Bolt Projects (NASDAQ:BSLK) Stock Price Up 5.8% – What’s Next?

Shares of Bolt Projects Holdings, Inc. (NASDAQ:BSLK) were up 5.8% during mid-day trading on Wednesday . The stock traded as high as $0.29 and last traded at $0.29. Approximately 168,458 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 3,259,148 shares. The stock had previously closed at $0.27.

Bolt Projects Stock Up 5.8 %

The business has a 50 day moving average price of $0.37 and a 200 day moving average price of $0.42.

Bolt Projects (NASDAQ:BSLK) last announced its earnings results on Tuesday, March 18th. The company reported ($0.19) earnings per share for the quarter. The firm had revenue of $1.29 million during the quarter.

Hedge Funds Weigh In On Bolt Projects

Several institutional investors and hedge funds have recently bought and sold shares of BSLK. AREX Capital Management LP acquired a new stake in shares of Bolt Projects during the fourth quarter worth about $376,000. FMR LLC acquired a new stake in Bolt Projects during the 3rd quarter worth $127,000. Geode Capital Management LLC boosted its position in shares of Bolt Projects by 307.5% in the 4th quarter. Geode Capital Management LLC now owns 58,838 shares of the company’s stock valued at $29,000 after purchasing an additional 44,400 shares during the period. Finally, XTX Topco Ltd purchased a new position in shares of Bolt Projects during the fourth quarter worth approximately $27,000. 5.52% of the stock is currently owned by institutional investors and hedge funds.

Bolt Projects Company Profile

Bolt Projects Holdings, Inc operates as a material solutions company. The company offers B-SILK PROTEIN, a biodegradable ingredient for the beauty and personal care industry. Its products also include MYLO, a mycelium-based leather material; and MICROSILK, a silk fiber. The company is based in San Francisco, California.