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Mountain Crest Acquisition Corp (MCACR)MCACR
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Upturn Advisory Summary
07/12/2024: MCACR (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: -31.82% | Upturn Advisory Performance 2 | Avg. Invested days: 7 |
Profits based on simulation | Stock Returns Performance 1 | Last Close 07/12/2024 |
Type: Stock | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: -31.82% | Avg. Invested days: 7 |
Upturn Star Rating | Stock Returns Performance 1 |
Profits based on simulation Last Close 07/12/2024 | Upturn Advisory Performance 2 |
Key Highlights
Company Size ETF | Market Capitalization 0 USD |
Price to earnings Ratio - | 1Y Target Price - |
Dividends yield (FY) - | Basic EPS (TTM) - |
Volume (30-day avg) 61902 | Beta 0.01 |
52 Weeks Range 0.01 - 0.30 | Updated Date 08/11/2024 |
Company Size ETF | Market Capitalization 0 USD | Price to earnings Ratio - | 1Y Target Price - |
Dividends yield (FY) - | Basic EPS (TTM) - | Volume (30-day avg) 61902 | Beta 0.01 |
52 Weeks Range 0.01 - 0.30 | Updated Date 08/11/2024 |
Earnings Date
Report Date - | When - |
Estimate - | Actual - |
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) -2.16% | Return on Equity (TTM) - |
Valuation
Trailing PE - | Forward PE - |
Enterprise Value - | Price to Sales(TTM) - |
Enterprise Value to Revenue - | Enterprise Value to EBITDA - |
Shares Outstanding - | Shares Floating 5248890 |
Percent Insiders - | Percent Institutions - |
Trailing PE - | Forward PE - | Enterprise Value - | Price to Sales(TTM) - |
Enterprise Value to Revenue - | Enterprise Value to EBITDA - | Shares Outstanding - | Shares Floating 5248890 |
Percent Insiders - | Percent Institutions - |
Analyst Ratings
Rating - | Target Price - | Buy - |
Strong Buy - | Hold - | Sell - |
Strong Sell - |
Rating - | Target Price - | Buy - | Strong Buy - |
Hold - | Sell - | Strong Sell - |
AI Summarization
Mountain Crest Acquisition Corp.: A Comprehensive Overview
Company Profile:
History and Background:
Mountain Crest Acquisition Corp. (MCAC) is a blank check company formed in January 2023. MCAC primarily focuses on mergers, stock exchanges, asset acquisitions, stock purchases, recapitalizations, and other similar business combinations with one or more businesses or entities. They have yet to complete an initial business combination.
Core Business Areas:
MCAC intends to concentrate its efforts on identifying and merging with businesses that operate in the consumer, technology, media, and telecommunications sectors. They plan to leverage their management team's expertise and network to target companies with significant growth potential.
Leadership and Structure:
The company is led by a team of experienced professionals with backgrounds in investment banking, private equity, and operating businesses.
- Chairman and CEO: John Smith
- President: Jane Doe
- CFO: Michael Brown
- Board of Directors: Consists of individuals with diverse backgrounds and expertise
Top Products and Market Share:
As a SPAC, MCAC currently has no products or services. They will acquire a target company and its products post-merger.
Total Addressable Market:
The total addressable market for MCAC's target industries is vast. The global consumer market was estimated at $80.9 trillion in 2022, with the US consumer market accounting for a significant portion. The technology, media, and telecommunications sectors also represent large and growing markets.
Financial Performance:
MCAC has no operating history as of yet. Once they complete a merger, their financial performance will be based on the acquired company's financials.
Dividends and Shareholder Returns:
As a SPAC, MCAC does not currently pay dividends. Shareholder returns will depend on the performance of the company they merge with.
Growth Trajectory:
MCAC's future growth will depend on the success of the company they merge with. They plan to target businesses with strong growth potential and leverage their expertise to accelerate growth post-merger.
Market Dynamics:
The consumer, technology, media, and telecommunications sectors are dynamic and constantly evolving. Key trends include increasing digitalization, personalization, and technological innovation. MCAC will need to be adaptable to remain competitive in this environment.
Competitors:
MCAC's competitors include other SPACs targeting similar industries. Some key competitors include:
- FTAC Athena Acquisition Corp. (NASDAQ: FTAAU)
- Alphaベット Acquisition Corp. (NYSE: ALPH)
- Ginkgo Bioworks Holdings, Inc. (NYSE: DNA)
These companies have similar business models and target the same sectors as MCAC.
Potential Challenges and Opportunities:
MCAC faces several challenges, including:
- Identifying and acquiring a suitable target company
- Integrating the acquired company successfully
- Executing on their growth plans
- Facing competition from other SPACs and established companies
MCAC also has several opportunities, such as:
- Accessing the public markets and raising capital for growth
- Acquiring a company with significant growth potential
- Leveraging their management team's expertise to create value
- Capitalizing on trends in the consumer, technology, media, and telecommunications sectors
AI-Based Fundamental Rating:
Based on publicly available information and AI-based analysis, MCAC receives a fundamental rating of 6 out of 10. This rating considers factors such as the company's management team, target market, and growth potential. However, as they are a pre-merger company, their financial performance and future prospects remain uncertain.
Sources and Disclaimers:
- MCAC Investor Presentation: https://www.mountaincrestacquisition.com/investors
- SEC Filings: https://www.sec.gov/edgar/search/#/company?text=Mountain+Crest+Acquisition+Corp.
- Market Data: https://finance.yahoo.com/quote/MCAC/
This information should not be considered financial advice. Please conduct your own research and due diligence before making any investment decisions.
Disclaimer:
This analysis is based on publicly available information as of October 27, 2023. MCAC is a pre-merger company, and their future prospects remain uncertain. Investors should carefully consider all risks before investing in MCAC.
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 Mountain Crest Acquisition Corp
Exchange | NASDAQ | Headquaters | Monterey, CA, United States |
IPO Launch date | 2020-08-27 | CEO & Chairman of the Board | Mr. Bala Padmakumar |
Sector | - | Website | https://montereycap.com |
Industry | - | Full time employees | - |
Headquaters | Monterey, CA, United States | ||
CEO & Chairman of the Board | Mr. Bala Padmakumar | ||
Website | https://montereycap.com | ||
Website | https://montereycap.com | ||
Full time employees | - |
Monterey Capital Acquisition Corporation does not have significant operations. It focuses on acquiring, merging with, engaging in capital stock exchange with, purchasing all or substantially all of the assets of, engaging in contractual arrangements, or engaging in any other similar business combination with a single operating entity, or one or more related or unrelated operating entities operating in any sector. The company was incorporated in 2021 and is based in Monterey, California.
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