Stellar V Capital (NASDAQ:SVCC) Stock Price Down 0.3% – What’s Next?

Stellar V Capital Corp. (NASDAQ:SVCC) dropped 0.3% during trading on Monday . The stock traded as low as $10.41 and last traded at $10.41. Approximately 275 shares traded hands during trading, a decline of 99% from the average daily volume of 34,637 shares. The stock had previously closed at $10.44.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Stellar V Capital in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Stellar V Capital Price Performance

The firm has a market cap of $224.96 million and a PE ratio of 52.05. The business has a fifty day moving average price of $10.38 and a two-hundred day moving average price of $10.34.

Stellar V Capital (NASDAQ:SVCC) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.07 EPS for the quarter.

Institutional Trading of Stellar V Capital

Institutional investors have recently made changes to their positions in the stock. Magnetar Financial LLC purchased a new position in Stellar V Capital during the second quarter valued at approximately $13,292,000. AQR Arbitrage LLC acquired a new stake in shares of Stellar V Capital during the 2nd quarter valued at $11,214,000. Alberta Investment Management Corp purchased a new position in shares of Stellar V Capital during the 2nd quarter valued at $5,115,000. Jain Global LLC grew its holdings in shares of Stellar V Capital by 46.9% during the 3rd quarter. Jain Global LLC now owns 324,658 shares of the company’s stock valued at $3,344,000 after acquiring an additional 103,600 shares in the last quarter. Finally, Karpus Management Inc. increased its stake in shares of Stellar V Capital by 46.2% in the second quarter. Karpus Management Inc. now owns 314,850 shares of the company’s stock worth $3,202,000 after acquiring an additional 99,500 shares during the last quarter.

About Stellar V Capital

We are a blank check company incorporated on July 12, 2024 as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. We have not selected any specific business combination target, and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.