UY Scuti Acquisition (NASDAQ:UYSC) Shares Up 0.1% – Time to Buy?

Shares of UY Scuti Acquisition Corp. (NASDAQ:UYSC) were up 0.1% during mid-day trading on Tuesday . The company traded as high as $10.31 and last traded at $10.31. Approximately 22,296 shares changed hands during trading, The stock had previously closed at $10.30.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of UY Scuti Acquisition in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, UY Scuti Acquisition currently has a consensus rating of “Sell”.

UY Scuti Acquisition Price Performance

The stock’s fifty day moving average is $10.25 and its two-hundred day moving average is $10.18.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of UYSC. Susquehanna International Group LLP purchased a new position in shares of UY Scuti Acquisition during the third quarter valued at approximately $104,000. Warberg Asset Management LLC bought a new position in UY Scuti Acquisition during the 2nd quarter valued at $147,000. Concurrent Investment Advisors LLC purchased a new position in UY Scuti Acquisition during the 3rd quarter worth $203,000. Gabelli Funds LLC bought a new stake in shares of UY Scuti Acquisition in the 3rd quarter worth $428,000. Finally, Clear Street Group Inc. bought a new stake in shares of UY Scuti Acquisition in the 3rd quarter worth $448,000.

About UY Scuti Acquisition

UY Scuti Acquisition Corp. is a special purpose acquisition company (SPAC) incorporated in Delaware in 2021. It completed its initial public offering on the Nasdaq under the ticker symbol UYSC, raising capital through the sale of units composed of common stock and warrants. As a blank check company, UY Scuti Acquisition holds the IPO proceeds in a trust account while it seeks a suitable business combination.

The firm’s principal objective is to effect a merger, capital stock exchange, asset acquisition or similar business combination with one or more businesses.