Keen Vision Acquisition (NASDAQ:KVAC) Stock Price Up 0.1% – Time to Buy?

Keen Vision Acquisition Corporation (NASDAQ:KVAC)’s share price traded up 0.1% during mid-day trading on Friday . The company traded as high as $11.83 and last traded at $11.83. 73 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 3,642 shares. The stock had previously closed at $11.82.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Keen Vision Acquisition from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, January 13th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Keen Vision Acquisition presently has an average rating of “Hold”.

Keen Vision Acquisition Trading Up 0.1%

The stock has a 50 day moving average price of $11.87 and a two-hundred day moving average price of $11.71.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Crossingbridge Advisors LLC lifted its stake in shares of Keen Vision Acquisition by 8.9% during the fourth quarter. Crossingbridge Advisors LLC now owns 71,032 shares of the company’s stock worth $835,000 after buying an additional 5,776 shares during the period. Meteora Capital LLC purchased a new position in Keen Vision Acquisition in the 3rd quarter worth $120,000. Clear Street Group Inc. lifted its position in Keen Vision Acquisition by 86.6% during the 4th quarter. Clear Street Group Inc. now owns 61,530 shares of the company’s stock worth $723,000 after acquiring an additional 28,553 shares during the period. Finally, Berkley W R Corp grew its stake in Keen Vision Acquisition by 5.0% during the 4th quarter. Berkley W R Corp now owns 749,372 shares of the company’s stock valued at $8,805,000 after purchasing an additional 35,357 shares during the last quarter. Hedge funds and other institutional investors own 51.72% of the company’s stock.

Keen Vision Acquisition Company Profile

Keen Vision Acquisition Corp is a Delaware‐incorporated special purpose acquisition company (SPAC) that completed its initial public offering in 2021. Trading on the Nasdaq under the ticker KVAC, the company raised capital through the sale of units priced at $10.00 each. Proceeds from the offering are held in a trust account pending the identification and completion of a business combination.

The company’s principal business activity is to seek a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or assets.