M3-Brigade Acquisition V (NASDAQ:MBAV) Releases Earnings Results
by Amy Steele · The Cerbat GemM3-Brigade Acquisition V (NASDAQ:MBAV – Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.05 earnings per share for the quarter, FiscalAI reports.
M3-Brigade Acquisition V Stock Performance
Shares of MBAV traded down $0.02 during mid-day trading on Friday, reaching $10.80. The company’s stock had a trading volume of 2,685 shares, compared to its average volume of 34,945. M3-Brigade Acquisition V has a 1-year low of $10.41 and a 1-year high of $13.73. The business has a 50-day simple moving average of $10.78 and a two-hundred day simple moving average of $10.70.
Wall Street Analyst Weigh In
A number of research firms have weighed in on MBAV. Wall Street Zen upgraded M3-Brigade Acquisition V to a “sell” rating in a research note on Saturday, March 14th. Weiss Ratings restated a “sell (d)” rating on shares of M3-Brigade Acquisition V in a research note on Friday, March 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.
Read Our Latest Stock Analysis on MBAV
Institutional Trading of M3-Brigade Acquisition V
A number of hedge funds have recently made changes to their positions in MBAV. Saba Capital Management L.P. acquired a new stake in shares of M3-Brigade Acquisition V in the fourth quarter valued at approximately $151,000. Hudson Bay Capital Management LP acquired a new stake in shares of M3-Brigade Acquisition V in the fourth quarter valued at approximately $159,000. Prelude Capital Management LLC acquired a new stake in shares of M3-Brigade Acquisition V in the third quarter valued at approximately $281,000. Sandia Investment Management LP acquired a new stake in shares of M3-Brigade Acquisition V in the second quarter valued at approximately $334,000. Finally, Radcliffe Capital Management L.P. acquired a new stake in shares of M3-Brigade Acquisition V in the third quarter valued at approximately $544,000.
M3-Brigade Acquisition V Company Profile
M3-Brigade Acquisition V is a special purpose acquisition company (SPAC) sponsored by M3 Inc, a global healthcare information and technology provider, and Brigade Capital Management, an investment management firm. The company is structured as a blank‐check vehicle listed on the Nasdaq Stock Market under the ticker MBAV, with the objective of identifying and completing a business combination in the healthcare, life sciences or related sectors.
The company benefits from the operational expertise of M3’s digital health platform and real‐world data capabilities, combined with Brigade’s deep experience in credit and asset management.