Andretti Acquisition Corp. II (NASDAQ:POLE) Issues Quarterly Earnings Results

Andretti Acquisition Corp. II (NASDAQ:POLE) announced its quarterly earnings data on Thursday. The company reported $0.06 EPS for the quarter, FiscalAI reports.

Andretti Acquisition Corp. II Trading Down 0.1%

Shares of NASDAQ:POLE traded down $0.01 during trading on Friday, reaching $10.69. The stock had a trading volume of 4,682 shares, compared to its average volume of 17,828. The stock has a fifty day simple moving average of $10.65 and a two-hundred day simple moving average of $10.59. Andretti Acquisition Corp. II has a 52 week low of $10.24 and a 52 week high of $10.90.

Institutional Trading of Andretti Acquisition Corp. II

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in POLE. Whitebox Advisors LLC acquired a new stake in Andretti Acquisition Corp. II in the 2nd quarter valued at approximately $2,076,000. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new position in shares of Andretti Acquisition Corp. II during the second quarter valued at about $7,785,000. Sandia Investment Management LP acquired a new position in shares of Andretti Acquisition Corp. II during the second quarter valued at about $415,000. Radcliffe Capital Management L.P. acquired a new position in shares of Andretti Acquisition Corp. II during the second quarter valued at about $2,386,000. Finally, Wolverine Asset Management LLC raised its position in shares of Andretti Acquisition Corp. II by 2.8% during the third quarter. Wolverine Asset Management LLC now owns 1,087,579 shares of the company’s stock valued at $11,376,000 after buying an additional 29,401 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Andretti Acquisition Corp. II in a research note on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Andretti Acquisition Corp. II Company Profile

Andretti Acquisition Corp. II is a special purpose acquisition company (SPAC) formed to raise capital through an initial public offering for the purpose of effecting a business combination. The company has no commercial operations of its own but seeks to merge with or acquire a private business with a focus on advanced mobility, high-performance automotive technologies, or related sectors. By leveraging the Andretti brand, it aims to align with firms operating at the intersection of motorsports and cutting-edge vehicle innovation.

The SPAC structure allows Andretti Acquisition Corp.