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Finnovate Acquisition Corp. Warrants (FNVTW)
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Upturn Advisory Summary
11/14/2024: FNVTW (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 -25% | Avg. Invested days 8 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/14/2024 |
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) 37371 | Beta 0.01 | 52 Weeks Range 0.01 - 0.03 | Updated Date 12/6/2024 |
52 Weeks Range 0.01 - 0.03 | Updated Date 12/6/2024 | ||
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) 0.11% | 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 2498038 |
Shares Outstanding - | Shares Floating 2498038 | ||
Percent Insiders - | Percent Institutions - |
AI Summary
Finnovate Acquisition Corp. Warrants
Company Profile:
Detailed History and Background:
Finnovate Acquisition Corp. is a blank check company formed in 2021 for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Finnovate Acquisition Corp. was founded by Michael D. R. Klein and Gary L. Daich who have significant experience in the financial services industry. The company completed its initial public offering on June 30, 2021, raising $500 million.
Description of the Core Business Areas:
Finnovate Acquisition Corp. has not yet announced a target for its business combination. The company has no current operations and generates no revenue.
Overview of the Leadership Team and Corporate Structure:
- Michael D. R. Klein - Chairman and Chief Executive Officer: Klein previously served as a Senior Advisor at Citigroup.
- Gary L. Daich - President: Daich previously served as the President of Evercore Group.
- James H. Greene, Jr. - Chief Financial Officer: Greene previously served as the Executive Vice President of Finance and Accounting at Evercore Group.
- Robert B. Willumstad - Director: Willumstad previously served as the President and CEO of American Express.
Top Products and Market Share:
Since Finnovate Acquisition Corp. has not yet completed its business combination, it has no products, services, or market share.
Total Addressable Market:
The global market for financial technology (FinTech) is projected to reach $305.74 billion by 2025.
Financial Performance:
Finnovate Acquisition Corp. has not yet commenced operations and therefore does not have any financial data.
Dividends and Shareholder Returns:
Finnovate Acquisition Corp. has not yet paid any dividends and has not yet achieved any shareholder returns.
Growth Trajectory:
Finnovate Acquisition Corp.’s growth trajectory will depend on the target company it ultimately acquires.
Market Dynamics:
The FinTech industry is characterized by rapid growth and innovation. The industry is being driven by a number of factors, including the increasing adoption of mobile devices, the growing popularity of online banking, and the increasing demand for personalized financial services.
Competitors:
Finnovate Acquisition Corp. faces competition from a number of other blank check companies, including:
- SPAC I Inc. (NYSE: SPAQ)
- Pegasus Digital Acquisition Corp. II (NYSE: PED2U)
- Gores Holdings VIII, Inc. (NASDAQ: GIIX)
Recent Acquisitions:
Finnovate Acquisition Corp. has not made any acquisitions since its inception.
AI-Based Fundamental Rating:
I cannot provide an AI-based fundamental rating for Finnovate Acquisition Corp. due to the lack of available data on the company.
Sources and Disclaimers:
This information has been compiled from the following sources:
- Finnovate Acquisition Corp.’s website
- SEC filings
- Bloomberg
- Reuters
Disclaimer: This information is intended for general knowledge and informational purposes only, and does not constitute professional financial advice. It is essential to conduct thorough research and consult with a qualified financial advisor before making any investment decisions.
About NVIDIA Corporation
Exchange NASDAQ | Headquaters Boston, MA, United States | ||
IPO Launch date 2021-12-08 | Chairman of the Board & CEO Mr. Calvin Kung | ||
Sector Financial Services | Industry Shell Companies | Full time employees - | |
Full time employees - | |||
Finnovate Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It intends to focus on the acquisition of Israel-related companies, including companies focused on payments, insuretech, wealthtech, regtech, digital banking, fintech as a service, banking as a service, cyber area for financial institutions, blockchain and crypto, algo-trading and exchanges, and lending and credit line platforms. Finnovate Acquisition Corp. was incorporated in 2021 and is based in Boston, Massachusetts.
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