Churchill Capital Corp XII (NASDAQ:CXII) Posts Earnings Results

Churchill Capital Corp XII (NASDAQ:CXII) announced its quarterly earnings results on Friday. The company reported $0.06 earnings per share for the quarter, FiscalAI reports.

Churchill Capital Corp XII Stock Down 0.1%

Shares of CXII stock traded down $0.01 during trading hours on Friday, reaching $10.47. The stock had a trading volume of 293 shares, compared to its average volume of 66,213. The company has a market cap of $581.83 million and a price-to-earnings ratio of 209.48. The company’s 50-day simple moving average is $10.57. Churchill Capital Corp XII has a twelve month low of $10.05 and a twelve month high of $10.99.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings started coverage on Churchill Capital Corp XII in a research report on Friday, September 11th. They set a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Churchill Capital Corp XII Company Profile

Churchill Capital Corp XII is a special purpose acquisition company (SPAC) formed to pursue a merger, acquisition, or similar business combination with one or more operating businesses. It does not have significant business operations of its own while it searches for a suitable target. The company is associated with the Churchill Capital platform founded by investment banker Michael Klein. Its future activities would depend on the business it combines with and the terms of that transaction.