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Upturn AI SWOT - About
Ace Global Business Acquisition Limited (ACBAW)
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Upturn Advisory Summary
05/23/2024: ACBAW (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit 0% | Avg. Invested days 0 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 05/23/2024 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 60.54M USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) 17924 | Beta 0.03 | 52 Weeks Range 0.01 - 0.05 | Updated Date 04/27/2024 |
52 Weeks Range 0.01 - 0.05 | Updated Date 04/27/2024 | ||
Dividends yield (FY) - | Basic EPS (TTM) - |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) - | Return on Equity (TTM) - |
Valuation
Trailing PE - | Forward PE - | Enterprise Value - | Price to Sales(TTM) - |
Enterprise Value - | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA - | Shares Outstanding - | Shares Floating 1366604 |
Shares Outstanding - | Shares Floating 1366604 | ||
Percent Insiders - | Percent Institutions - |
Analyst Ratings
Rating - | Target Price - | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Ace Global Business Acquisition Limited
Company Overview
History and Background
Ace Global Business Acquisition Limited was a blank check company (SPAC) formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It ceased operations after failing to complete a business combination within the prescribed time.
Core Business Areas
- SPAC Formation: Ace Global Business Acquisition Limited was designed to acquire a target company and take it public. Core focus was on identifying a suitable business combination target.
Leadership and Structure
Typically, SPACs have a management team with experience in private equity, venture capital, or investment banking. Specific details on Ace Global's leadership structure would have been outlined in its SEC filings.
Top Products and Market Share
Key Offerings
- Initial Public Offering (IPO): The IPO raised capital for future acquisitions. Market share wasn't applicable as it was a special purpose acquisition company.
Market Dynamics
Industry Overview
The SPAC market involves companies formed solely to acquire or merge with existing businesses. The landscape is characterized by regulatory scrutiny, volatility, and high competition.
Positioning
Ace Global sought to identify and merge with a private company. It operated within the broader SPAC market, competing with numerous other SPACs seeking acquisitions.
Total Addressable Market (TAM)
The TAM is highly variable and dependent on the targeted industry for acquisition. Ace Global's positioning relied on its management team's expertise and deal-sourcing capabilities, which ultimately proved insufficient to complete a deal.
Upturn SWOT Analysis
Strengths
- Experienced Management Team (initially)
- Access to Public Capital (initially)
- Flexibility in Acquisition Targets
Weaknesses
- Limited Operating History
- Dependence on Successful Acquisition
- High Risk of Liquidation if Acquisition Fails
Opportunities
- Identification of High-Growth Target Companies
- Leveraging Market Expertise for Deal Sourcing
- Potential for Significant Shareholder Value Creation
Threats
- Increased Regulatory Scrutiny
- Competition from Other SPACs
- Market Volatility and Economic Downturn
- Inability to Complete a Business Combination
Competitors and Market Share
Key Competitors
Competitive Landscape
Ace Global operated within the competitive SPAC landscape. Its success was contingent upon identifying and merging with a suitable target company, which it failed to do. No market share to give as the company was a SPAC that did not acquire an operating company.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: No growth, SPAC was liquidated
Future Projections: N/A
Recent Initiatives: Attempted to find an acquisition but failed to find an acquisition candidate.
Summary
Ace Global Business Acquisition Limited was a SPAC that ultimately failed to complete a business combination and was liquidated. Its success hinged on identifying and acquiring a suitable private company, but it was unable to do so within the allotted timeframe. The company returned capital to shareholders after its attempts were unsuccessful. This demonstrates the inherent risks associated with SPAC investments.
Similar Companies
Sources and Disclaimers
Data Sources:
- SEC Filings
- Financial News Sources
Disclaimers:
The data provided is for informational purposes only and should not be considered financial advice. The analysis is based on publicly available information and may be subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Ace Global Business Acquisition Limited
Exchange NASDAQ | Headquaters - | ||
IPO Launch date 2021-05-21 | CEO & Chairman of the Board Mr. Eugene Tu Wong | ||
Sector Financial Services | Industry Shell Companies | Full time employees - | Website https://aceglobal-acq.com |
Full time employees - | Website https://aceglobal-acq.com | ||
Ace Global Business Acquisition Limited does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses. It intends to focus on opportunities in the artificial intelligence and related technology market in North America. Ace Global Business Acquisition Limited was incorporated in 2020 and is based in Admiralty, Hong Kong.
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