Fifth Era Acquisition Corp I (NASDAQ:FERA) Releases Earnings Results
by Doug Wharley · The Cerbat GemFifth Era Acquisition Corp I (NASDAQ:FERA – Get Free Report) issued its earnings results on Friday. The company reported $0.04 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $2.09 million during the quarter.
Fifth Era Acquisition Corp I Price Performance
Shares of NASDAQ:FERA remained flat at $10.36 during midday trading on Friday. The stock had a trading volume of 179,693 shares, compared to its average volume of 67,857. Fifth Era Acquisition Corp I has a 1-year low of $10.01 and a 1-year high of $10.50. The firm’s 50 day moving average is $10.32.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded Fifth Era Acquisition Corp I from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.
Get Our Latest Research Report on FERA
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in FERA. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Fifth Era Acquisition Corp I during the 4th quarter worth $4,116,000. Glazer Capital LLC raised its stake in shares of Fifth Era Acquisition Corp I by 31.8% in the 4th quarter. Glazer Capital LLC now owns 904,922 shares of the company’s stock valued at $9,312,000 after purchasing an additional 218,282 shares during the period. Radcliffe Capital Management L.P. raised its stake in shares of Fifth Era Acquisition Corp I by 22.8% in the 4th quarter. Radcliffe Capital Management L.P. now owns 404,403 shares of the company’s stock valued at $4,161,000 after purchasing an additional 75,201 shares during the period. PenderFund Capital Management Ltd. acquired a new stake in shares of Fifth Era Acquisition Corp I in the 4th quarter valued at about $104,000. Finally, Rivernorth Capital Management LLC raised its stake in shares of Fifth Era Acquisition Corp I by 34.4% in the 4th quarter. Rivernorth Capital Management LLC now owns 399,872 shares of the company’s stock valued at $4,115,000 after purchasing an additional 102,372 shares during the period.
About Fifth Era Acquisition Corp I
Fifth Era Acquisition Corp I (NASDAQ: FERA) is a special purpose acquisition company (SPAC) listed on the NASDAQ exchange. As a blank‑check vehicle, the company was formed to raise capital in public markets through an initial public offering and to identify, negotiate and complete a business combination with one or more operating companies. The primary business activity of Fifth Era Acquisition Corp I is to serve as an acquisition vehicle that facilitates the transition of a private company to the public markets through a merger, share exchange, asset acquisition or similar transaction.
Like other SPACs, Fifth Era Acquisition Corp I typically holds the proceeds from its public offering in a trust account pending the completion of a qualifying business combination.