Faze stock price saw a 12% surge this week following

Faze stock price saw a 12% surge this week following social media growth metrics hitting record highs. Analysts note correlation between audience engagement and merch sales, potentially driving future earnings. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Australian exchanges. The performance of companies that merged with B. Riley SPACs has been mixed. While Eos Energy Enterprises is down over 70 percent from the IPO price, Alta Equipment stock is trading just above the IPO price. A break below could trigger further downside given weak cash flow ratios reported last quarter, making next earnings guidance crucial.