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FTAC Emerald Acquisition Corp. (FLDDU)
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Upturn Advisory Summary
12/17/2024: FLDDU (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type Stock | Historic Profit -15.49% | Avg. Invested days 45 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance 2.0 | Stock Returns Performance 1.0 |
Profits based on simulation | Last Close 12/17/2024 |
Key Highlights
Company Size ETF | Market Capitalization 0 USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) 273 | Beta - | 52 Weeks Range 10.10 - 16.30 | Updated Date 08/15/2024 |
52 Weeks Range 10.10 - 16.30 | Updated Date 08/15/2024 | ||
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 - |
Shares Outstanding - | Shares Floating - | ||
Percent Insiders - | Percent Institutions - |
AI Summary
Overview of FTAC Emerald Acquisition Corp. (NASDAQ: ETAC)
Disclaimer: This information is for informational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.
Company Profile
Detailed history and background: FTAC Emerald Acquisition Corp. (ETAC) is a special purpose acquisition company (SPAC) formed by FinTech Acquisition Corp IV in November 2021. Unlike traditional companies with established businesses, SPACs are shell corporations that raise capital through initial public offerings (IPOs) with the intention of acquiring another company within a specified timeframe.
Core business areas: ETAC's primary focus is on identifying and acquiring businesses in the consumer, technology, and healthcare industries. The company has no current operations as it is in the process of searching for a suitable target.
Leadership team and corporate structure: The leadership team of ETAC is led by Co-Chairmen and Co-Chief Executive Officers, Kevin Ryan and Michael Kives. They have extensive experience in media, entertainment, and technology businesses, having founded several successful ventures like CollegeHumor and The Chernin Group.
Top Products and Market Share
As a SPAC, ETAC does not have any products or market share of its own.
Total Addressable Market
The total addressable market (TAM) for ETAC's potential target companies is difficult to estimate as the company has not yet identified a target. However, considering its focus on the consumer, technology, and healthcare industries, the TAM could be vast depending on the specific target company chosen.
Financial Performance
Without a target acquisition, ETAC has no independent financial performance.
Dividends and Shareholder Returns
ETAC does not currently pay dividends to shareholders.
Growth Trajectory & Market Dynamics
Due to the lack of an identified target company, assessing the company's future growth trajectory and evaluating market dynamics is not feasible at this time.
Competitors
Other notable SPACs in the market include:
- Social Capital Hedosophia Holdings VI (IPOB)
- Gores Holdings IX (GHIX)
- Xometry Inc. (XMTR)
Recent Acquisitions
ETAC has not yet acquired any companies.
AI-Based Fundamental Rating
Without an operating business, generating an AI-based fundamental rating for ETAC is impossible.
Sources and Disclaimers
This overview is based on information publicly available on the Securities and Exchange Commission (SEC) website, specifically ETAC's filings.
Please note:
- This overview is not exhaustive.
- Investing in SPACs carries inherent risks.
- This information should not be considered as investment advice.
Disclaimer:
This information has been compiled from publicly available sources and is provided for informational purposes only. It does not constitute financial advice and should not be relied upon as such. Before making any investment decisions, you should consult with a professional financial advisor.
About NVIDIA Corporation
Exchange NASDAQ | Headquaters Philadelphia, PA, United States | ||
IPO Launch date 2021-12-16 | President & CEO Mr. Bracebridge Hemyng Young Jr. | ||
Sector Financial Services | Industry Shell Companies | Full time employees - | Website |
Full time employees - | Website |
FTAC Emerald Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, and similar business combination with one or more businesses or assets operating in the clean/renewable energy, water sustainability, agricultural technology, shared economy software, and mobility sectors. The company was formerly known as Emerald ESG Acquisition Corp. FTAC Emerald Acquisition Corp. was incorporated in 2021 and is based in Philadelphia, Pennsylvania.
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