SilverBox Corp IV (NYSE:SBXD) Shares Down 0% – What’s Next?

Shares of SilverBox Corp IV (NYSE:SBXD) were down 0% during mid-day trading on Thursday . The company traded as low as $10.84 and last traded at $10.8450. Approximately 21,511 shares traded hands during trading, an increase of 124% from the average daily volume of 9,609 shares. The stock had previously closed at $10.85.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of SilverBox Corp IV in a report on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

SilverBox Corp IV Stock Performance

The business’s 50 day moving average price is $10.81 and its two-hundred day moving average price is $10.72. The company has a market capitalization of $276.01 million, a price-to-earnings ratio of 54.23 and a beta of 0.06.

SilverBox Corp IV (NYSE:SBXD) last posted its quarterly earnings data on Friday, May 15th. The company reported $0.05 earnings per share (EPS) for the quarter. The company had revenue of $1.87 million during the quarter.

Hedge Funds Weigh In On SilverBox Corp IV

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rangeley Capital LLC bought a new position in SilverBox Corp IV during the second quarter valued at about $110,000. Schonfeld Strategic Advisors LLC bought a new stake in SilverBox Corp IV in the fourth quarter worth about $205,000. HRT Financial LP raised its position in SilverBox Corp IV by 19.0% in the fourth quarter. HRT Financial LP now owns 139,195 shares of the company’s stock worth $1,472,000 after acquiring an additional 22,196 shares in the last quarter. Citadel Advisors LLC acquired a new stake in SilverBox Corp IV in the 3rd quarter valued at about $489,000. Finally, Radcliffe Capital Management L.P. lifted its holdings in SilverBox Corp IV by 28.2% in the 4th quarter. Radcliffe Capital Management L.P. now owns 227,454 shares of the company’s stock valued at $2,406,000 after acquiring an additional 50,042 shares during the last quarter.

About SilverBox Corp IV

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.