SilverBox Corp IV (NYSE:SBXD) Stock Price Up 0.2% – Here’s Why

SilverBox Corp IV (NYSE:SBXD) shot up 0.2% on Monday . The stock traded as high as $10.65 and last traded at $10.64. 4,684 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 69,883 shares. The stock had previously closed at $10.62.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of SilverBox Corp IV in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

SilverBox Corp IV Trading Up 0.2%

The firm has a market capitalization of $270.79 million, a PE ratio of 62.59 and a beta of 0.11. The stock’s 50 day moving average price is $10.59 and its two-hundred day moving average price is $10.54.

SilverBox Corp IV (NYSE:SBXD) last announced its earnings results on Wednesday, November 12th. The company reported $0.03 EPS for the quarter. The company had revenue of $2.31 million for the quarter.

Institutional Trading of SilverBox Corp IV

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rangeley Capital LLC purchased a new position in SilverBox Corp IV in the 2nd quarter valued at about $110,000. Tuttle Capital Management LLC purchased a new position in shares of SilverBox Corp IV during the second quarter valued at approximately $219,000. Citadel Advisors LLC purchased a new position in shares of SilverBox Corp IV during the third quarter valued at approximately $489,000. JPMorgan Chase & Co. acquired a new stake in SilverBox Corp IV during the second quarter worth approximately $603,000. Finally, Massar Capital Management LP purchased a new stake in SilverBox Corp IV in the 2nd quarter worth approximately $767,000.

SilverBox Corp IV Company Profile

SilverBox Corp IV is a special purpose acquisition company (SPAC) formed to raise capital through an initial public offering and to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a blank-check vehicle, the company does not engage in any commercial operations until it completes its business combination.

The company was organized under the laws of the State of Delaware and is sponsored by SilverBox Capital Partners, a private investment firm that focuses on partnering with founder-led companies across technology, healthcare, consumer and business services sectors.