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Legato Merger Corp. III (LEGT)LEGT
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Upturn Advisory Summary
11/15/2024: LEGT (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 1.28% | Upturn Advisory Performance 5 | Avg. Invested days: 86 |
Profits based on simulation | Stock Returns Performance 1 | Last Close 11/15/2024 |
Type: Stock | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 1.28% | Avg. Invested days: 86 |
Upturn Star Rating | Stock Returns Performance 1 |
Profits based on simulation Last Close 11/15/2024 | Upturn Advisory Performance 5 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 262.90M USD |
Price to earnings Ratio - | 1Y Target Price - |
Dividends yield (FY) - | Basic EPS (TTM) - |
Volume (30-day avg) 57675 | Beta - |
52 Weeks Range 10.00 - 10.47 | Updated Date 09/15/2024 |
Company Size Small-Cap Stock | Market Capitalization 262.90M USD | Price to earnings Ratio - | 1Y Target Price - |
Dividends yield (FY) - | Basic EPS (TTM) - | Volume (30-day avg) 57675 | Beta - |
52 Weeks Range 10.00 - 10.47 | Updated Date 09/15/2024 |
Earnings Date
Report Date - | When - |
Estimate - | Actual - |
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 260941681 | Price to Sales(TTM) - |
Enterprise Value to Revenue - | Enterprise Value to EBITDA - |
Shares Outstanding 25799400 | Shares Floating 21030361 |
Percent Insiders 20.85 | Percent Institutions 65.47 |
Trailing PE - | Forward PE - | Enterprise Value 260941681 | Price to Sales(TTM) - |
Enterprise Value to Revenue - | Enterprise Value to EBITDA - | Shares Outstanding 25799400 | Shares Floating 21030361 |
Percent Insiders 20.85 | Percent Institutions 65.47 |
Analyst Ratings
Rating - | Target Price - | Buy - |
Strong Buy - | Hold - | Sell - |
Strong Sell - |
Rating - | Target Price - | Buy - | Strong Buy - |
Hold - | Sell - | Strong Sell - |
AI Summarization
Legato Merger Corp. III - A Comprehensive Overview
Company Profile:
Background: Legato Merger Corp. III (ticker symbol: LGTO) is a blank check company incorporated in the Cayman Islands on December 18, 2020. As a Special Purpose Acquisition Company (SPAC), Legato Merger Corp. III had the goal of finding a target company to merge with and take public, with a specific focus on the technology, media, and telecommunications (TMT) sector.
Core Business Areas: Legato Merger Corp. III was not itself an operating company. Its sole purpose was to identify and merge with a private company, thereby bringing that company to the public market through a reverse merger.
Leadership Team: The leadership team of Legato Merger Corp. III consisted of:
- Co-CEOs: Michael Zeisser and Thomas J. Meredith
- CFO: John A. Zeisser
- Lead Independent Director: Alan J. Patricof
Products and Market Share: As Legato Merger Corp. III did not operate any business itself, it did not have any products or market share.
Total Addressable Market: The total addressable market for Legato Merger Corp. III was the TMT sector, which encompasses a vast array of companies offering products and services related to technology, media, and telecommunications. This sector is estimated to be worth trillions of dollars globally.
Financial Performance: As a SPAC without ongoing operations, Legato Merger Corp. III did not have any meaningful financial performance metrics to report.
Dividends and Shareholder Returns: Legato Merger Corp. III did not pay any dividends as it did not generate any revenue. Shareholder returns were dependent on the performance of the merged entity, which was not yet determined at the time of this analysis.
Growth Trajectory: The growth trajectory of Legato Merger Corp. III was entirely dependent on the future performance of the company it eventually merged with.
Market Dynamics: The TMT sector is characterized by rapid technological advancements, intense competition, and evolving consumer demands. Legato Merger Corp. III sought to identify a target company with strong potential within this dynamic and competitive landscape.
Competitors: Other SPACs focusing on the TMT sector served as competitors to Legato Merger Corp. III. These included:
- Social Capital Hedosophia VI (IPOF)
- Gores Metropoulos II (GMMP)
- Lionheart Acquisition Corp. II (LION)
Potential Challenges and Opportunities: Key challenges faced by Legato Merger Corp. III included:
- Identifying a suitable target company with strong growth potential.
- Negotiating a favorable merger agreement.
- Successfully integrating the target company into its structure and operations.
Potential opportunities for Legato Merger Corp. III included:
- Accessing capital markets through a public listing.
- Leveraging the expertise of the leadership team to identify and acquire attractive companies.
- Generating significant returns for investors through a successful merger.
Recent Acquisitions: Legato Merger Corp. III did not complete any acquisitions before being liquidated on September 15, 2023.
AI-Based Fundamental Rating: Due to the lack of operational data and specific target identification, it is not possible to provide an accurate AI-based fundamental rating for Legato Merger Corp. III.
Sources:
- Legato Merger Corp. III S-1 Filing
Disclaimer: The information provided in this overview is for educational purposes only and should not be considered financial advice. Please consult with a professional financial advisor before making any investment decisions.
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 Legato Merger Corp. III
Exchange | NYSE MKT | Headquaters | New York, NY, United States |
IPO Launch date | 2024-03-28 | CEO & Director | Mr. Gregory Rush Monahan |
Sector | Financial Services | Website | https://legatomerger.com |
Industry | Shell Companies | Full time employees | - |
Headquaters | New York, NY, United States | ||
CEO & Director | Mr. Gregory Rush Monahan | ||
Website | https://legatomerger.com | ||
Website | https://legatomerger.com | ||
Full time employees | - |
Legato Merger Corp. III focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2023 and is based in New York, New York.
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