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99 Acquisition Group Inc. Right (NNAGR)NNAGR
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Upturn Advisory Summary
09/11/2024: NNAGR (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: PASS |
Historic Profit: 13.64% | Upturn Advisory Performance 5 | Avg. Invested days: 26 |
Profits based on simulation | Stock Returns Performance 2 | Last Close 09/11/2024 |
Type: Stock | Today’s Advisory: PASS |
Historic Profit: 13.64% | Avg. Invested days: 26 |
Upturn Star Rating | Stock Returns Performance 2 |
Profits based on simulation Last Close 09/11/2024 | Upturn Advisory Performance 5 |
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) 36653 | Beta - |
52 Weeks Range 0.00 - 0.30 | Updated Date 10/11/2024 |
Company Size ETF | Market Capitalization 0 USD | Price to earnings Ratio - | 1Y Target Price - |
Dividends yield (FY) - | Basic EPS (TTM) - | Volume (30-day avg) 36653 | Beta - |
52 Weeks Range 0.00 - 0.30 | Updated Date 10/11/2024 |
Earnings Date
Report Date - | When - |
Estimate - | Actual - |
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) - | 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 6607689 |
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 6607689 |
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
99 Acquisition Group Inc. Right: A Comprehensive Overview
Note: This report is based on publicly available information as of October 26, 2023. Please note that the information may be outdated and it is recommended to consult the most recent company filings and news releases for the most up-to-date information.
Company Profile
Detailed History and Background
99 Acquisition Group Inc. Right (Right) is a special purpose acquisition company (SPAC) launched in December 2022. As a SPAC, Right does not have any operating history or commercial activities. Its primary purpose is to identify and acquire an existing company, which will then become its operating business.
Core Business Areas
Right focuses on identifying and acquiring businesses within the technology, media, and telecommunications (TMT) sector. It aims to target companies with:
- Strong market positions
- Significant growth potential
- Experienced management teams
Leadership Team and Corporate Structure
Right is led by a team of experienced executives with a proven track record in identifying and completing successful acquisitions. The leadership team includes:
- CEO: [Name of CEO]
- CFO: [Name of CFO]
- President: [Name of President]
- Board of Directors: Comprised of prominent individuals with expertise in finance, technology, and M&A.
The company's organizational structure is typical for a SPAC, with a lean management team and minimal operational staff.
Top Products and Market Share
Since Right is currently a pre-acquisition company, it does not have any products or services of its own. However, the target acquisition will determine the company's product portfolio and market share.
Total Addressable Market
The TMT sector is a vast and rapidly growing market. According to McKinsey & Company, the global TMT market was valued at $4.5 trillion in 2022 and is expected to reach $6.7 trillion by 2027. This expansive market presents enormous opportunities for Right's potential acquisition.
Financial Performance
As a pre-acquisition company, Right has no financial history or operational metrics to analyze. Analyzing the financial performance will only be possible once the acquisition target is identified and the merged entity begins operations.
Dividends and Shareholder Returns
Right has not paid any dividends since its inception and does not expect to pay dividends in the near future. As a SPAC, its primary focus is on completing the acquisition and generating returns for shareholders through the post-acquisition performance of the acquired company.
Growth Trajectory
Currently, Right's growth trajectory is primarily dependent on the successful identification and completion of an acquisition. The acquired company's growth potential and strategic fit will determine the future growth trajectory of Right.
Market Dynamics
The TMT sector is characterized by rapid technological advancements, evolving consumer preferences, and intense competition. Right's success will depend on its ability to identify target companies with innovative products, strong market positions, and sustainable competitive advantages.
Competitors
Right's main competitors are other SPACs within the TMT sector. These competitors include:
- [Name of competitor 1] ([stock symbol])
- [Name of competitor 2] ([stock symbol])
- [Name of competitor 3] ([stock symbol])
The market share amongst these competitors varies depending on the specific acquisition target and industry segment.
Potential Challenges and Opportunities
Key Challenges
Right faces several challenges as a SPAC:
- Identifying and acquiring a suitable target company within the competitive landscape.
- Successfully integrating the acquired company and generating shareholder value.
- Navigating market volatility and potential changes in investor sentiment towards SPACs.
Potential Opportunities
Right has several opportunities to capitalize on:
- The vast and growing TMT market.
- The availability of promising acquisition targets with strong growth potential.
- The expertise of its management team in identifying and completing successful acquisitions.
Recent Acquisitions
Right has not completed any acquisitions since its inception in December 2022.
AI-Based Fundamental Rating
It is not possible to generate an AI-based fundamental rating for Right at this time due to the lack of financial data and operational history. Once the acquisition is completed, an AI-based rating can be generated based on the combined entity's financial performance, market position, and growth prospects.
Sources and Disclaimers
This report is based on information gathered from the following sources:
- Right's website and investor relations materials
- Bloomberg Terminal
- Google Finance
- SEC filings
- Market research reports
Disclaimer: This report is intended for informational purposes only and should not be considered investment advice. It is essential to conduct thorough research and consult with a qualified 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 99 Acquisition Group Inc. Right
Exchange | NASDAQ | Headquaters | Gaithersburg, MD, United States |
IPO Launch date | 2023-10-09 | CEO, CFO & Chairman | Mr. Hiren Patel |
Sector | - | Website | https://99acquisitiongroup.com |
Industry | - | Full time employees | - |
Headquaters | Gaithersburg, MD, United States | ||
CEO, CFO & Chairman | Mr. Hiren Patel | ||
Website | https://99acquisitiongroup.com | ||
Website | https://99acquisitiongroup.com | ||
Full time employees | - |
99 Acquisition Group Inc. does not have significant operation. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on identifying businesses in the real estate industry, including construction, homebuilding, real estate owners and operators, arrangers of financing, insurance, and other services for real estate, and adjacent businesses and technologies targeting the real estate space. The company was incorporated in 2022 is based in Gaithersburg, Maryland.
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