Alpha Capital Acquisition (NASDAQ:ASPC) Stock Price Up 17% – Time to Buy?

Shares of Alpha Capital Acquisition (NASDAQ:ASPC) rose 17% during trading on Thursday . The company traded as high as $15.55 and last traded at $12.80. Approximately 224,493 shares changed hands during mid-day trading, an increase of 211% from the average daily volume of 72,239 shares. The stock had previously closed at $10.94.

Wall Street Analysts Forecast Growth

ASPC has been the subject of a number of recent analyst reports. Wall Street Zen raised Alpha Capital Acquisition to a “sell” rating in a research note on Saturday, January 31st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alpha Capital Acquisition in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Alpha Capital Acquisition Stock Performance

The company has a 50 day moving average of $11.76 and a 200 day moving average of $12.42.

Institutional Trading of Alpha Capital Acquisition

Hedge funds have recently added to or reduced their stakes in the business. Clear Street Group Inc. bought a new stake in Alpha Capital Acquisition during the 3rd quarter worth approximately $117,000. Sandia Investment Management LP bought a new stake in Alpha Capital Acquisition during the 2nd quarter worth approximately $308,000. Radcliffe Capital Management L.P. bought a new stake in Alpha Capital Acquisition during the 2nd quarter worth approximately $336,000. Geode Capital Management LLC bought a new stake in Alpha Capital Acquisition during the 4th quarter worth approximately $377,000. Finally, Goldman Sachs Group Inc. bought a new stake in Alpha Capital Acquisition during the 1st quarter worth approximately $636,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Alpha Capital Acquisition Company Profile

Alpha Capital Acquisition Company does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in technology sector. The company was incorporated in 2020 and is based in New York, New York.