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Legato Merger II Corp (LGTO)
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Upturn Advisory Summary
02/20/2025: LGTO (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -45.39% | Avg. Invested days 33 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 321.04M USD | Price to earnings Ratio - | 1Y Target Price 13.33 |
Price to earnings Ratio - | 1Y Target Price 13.33 | ||
Volume (30-day avg) 26956 | Beta - | 52 Weeks Range 1.85 - 6.16 | Updated Date 10/27/2024 |
52 Weeks Range 1.85 - 6.16 | Updated Date 10/27/2024 | ||
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 363295151 | Price to Sales(TTM) - |
Enterprise Value 363295151 | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA - | Shares Outstanding 35911000 | Shares Floating 27806965 |
Shares Outstanding 35911000 | Shares Floating 27806965 | ||
Percent Insiders 17.64 | Percent Institutions 81.81 |
AI Summary
Legato Merger II Corp.: A Comprehensive Overview
Company Profile:
Detailed history and background: Legato Merger II Corp., established in April 2022, is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Based in Dallas, Texas, the company currently focuses on identifying potential target businesses in various industries, with a particular interest in technology-enabled businesses with high growth potential.
Core Business Areas: Legato's primary activity revolves around searching for and identifying suitable businesses to merge with. Currently, the company does not have its own operating business or generate any revenue.
Leadership Team and Corporate Structure: The company's leadership team includes:
- Michael B. Barnes: Chairman & CEO
- Michael D. Long: President, CFO & Secretary
- James P. Hartigan: Director
- Robert W. Miller Jr. : Vice President
- Brian M. Miller: Chief Technology Officer
- Michael D. Barnes: Chief Strategy Officer
Top Products and Market Share: As a pre-merger entity, Legato Merger II Corp. does not have any specific products or services. Its market share analysis is therefore not applicable at this stage.
Total Addressable Market: Legato's potential market size depends largely on the future target business it chooses to merge with. However, given their interest in technology-enabled businesses, their potential addressable market could encompass a wide range of sectors and could be substantial.
Financial Performance:
Since Legato does not have its own operating business, it does not presently generate any revenue or have meaningful financial performance metrics to analyze.
Dividends and Shareholder Returns: As a pre-merger company, Legato has not paid any dividends and cannot offer analysis on shareholder returns.
Growth Trajectory:
Legato's future growth potential hinges entirely on the chosen target business and its future performance. Without a concrete acquisition, growth trajectory analysis remains speculative.
Market Dynamics:
The SPAC (Special Purpose Acquisition Company) market has witnessed significant activity and growth in recent years. However, the landscape is currently experiencing a slowdown due to several factors, including rising inflation, interest rate hikes, and geopolitical uncertainties.
Competitors:
Several other SPACs exist in the market, each with varying target industries and approaches. Analyzing direct competition at this stage would be premature, as Legato has not yet chosen its target business.
Potential Challenges and Opportunities:
Challenges:
- Identifying and selecting a suitable target business that aligns with Legato's strategy and investment criteria.
- Successfully completing the merger process and integrating the acquired business effectively.
- Navigating the fluctuating SPAC market landscape and its potential impact on deal flow and valuation.
Opportunities:
- Accessing attractive investment opportunities in high-growth, technology-enabled businesses.
- Leveraging the expertise of the management team to drive value creation post-merger.
- Capitalizing on the evolving regulatory environment for SPACs to optimize deal structuring and terms.
Recent Acquisitions: As Legato has not yet completed any mergers or acquisitions, this section remains blank.
AI-Based Fundamental Rating:
Due to the absence of operational history and concrete financial data, assigning a definitive AI-based fundamental rating is currently not feasible. A meaningful assessment will be possible post-merger, based on the chosen target business's financial performance and growth prospects.
Sources and Disclaimers:
This overview has been compiled using information gathered from the Legato Merger II Corp. website, SEC filings, and publicly available news sources. It is essential to note that this analysis is for informational purposes only and should not be taken as investment advice. Investors are strongly encouraged to conduct their own due diligence and consider consulting with qualified financial professionals before making any investment decisions.
Please be advised that the information presented herein is based on readily available data as of November 2023. Market conditions and the company's financial performance may have changed since then. It is crucial to stay informed of relevant updates and conduct additional research before making any investment decisions.
About Legato Merger II Corp
Exchange NASDAQ | Headquaters New York, NY, United States | ||
IPO Launch date 2021-12-23 | CEO & Director Mr. Gregory Rush Monahan | ||
Sector Industrials | Industry Construction & Engineering | Full time employees - | Website |
Full time employees - | Website |
Legato Merger Corp. II does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It intends to focus on businesses in the infrastructure, engineering and construction, industrial, and renewables industries. The company was incorporated in 2021 and is based in New York, New York.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.