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Oceantech Acquisitions I Corp (OTEC)OTEC
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Upturn Advisory Summary
05/07/2024: OTEC (1-star) is a SELL. SELL since 5 days. Profits (3.23%). Updated daily EoD!
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: SELL |
Historic Profit: 12.97% | Upturn Advisory Performance 5 | Avg. Invested days: 228 |
Profits based on simulation | Stock Returns Performance 2 | Last Close 05/07/2024 |
Type: Stock | Today’s Advisory: SELL |
Historic Profit: 12.97% | Avg. Invested days: 228 |
Upturn Star Rating | Stock Returns Performance 2 |
Profits based on simulation Last Close 05/07/2024 | Upturn Advisory Performance 5 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 41.10M USD |
Price to earnings Ratio - | 1Y Target Price - |
Dividends yield (FY) - | Basic EPS (TTM) -0.42 |
Volume (30-day avg) 105 | Beta 0.03 |
52 Weeks Range 10.50 - 12.95 | Updated Date 06/2/2024 |
Company Size Small-Cap Stock | Market Capitalization 41.10M USD | Price to earnings Ratio - | 1Y Target Price - |
Dividends yield (FY) - | Basic EPS (TTM) -0.42 | Volume (30-day avg) 105 | Beta 0.03 |
52 Weeks Range 10.50 - 12.95 | Updated Date 06/2/2024 |
Earnings Date
Report Date - | When - |
Estimate - | Actual - |
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) -3.28% | Return on Equity (TTM) - |
Valuation
Trailing PE - | Forward PE - |
Enterprise Value 42396412 | Price to Sales(TTM) - |
Enterprise Value to Revenue - | Enterprise Value to EBITDA -20.32 |
Shares Outstanding 3497480 | Shares Floating 603175 |
Percent Insiders - | Percent Institutions 28.15 |
Trailing PE - | Forward PE - | Enterprise Value 42396412 | Price to Sales(TTM) - |
Enterprise Value to Revenue - | Enterprise Value to EBITDA -20.32 | Shares Outstanding 3497480 | Shares Floating 603175 |
Percent Insiders - | Percent Institutions 28.15 |
Analyst Ratings
Rating - | Target Price - | Buy - |
Strong Buy - | Hold - | Sell - |
Strong Sell - |
Rating - | Target Price - | Buy - | Strong Buy - |
Hold - | Sell - | Strong Sell - |
AI Summarization
US Stock Oceantech Acquisitions I Corp Overview
Company Profile:
- Ticker Symbol: OACB
- Industry: Special Purpose Acquisition Company (SPAC)
- Founded: April 19, 2021
- Headquartered: Miami, Florida
- Management Team: Experienced professionals with a track record in the maritime industry.
- Mission: To acquire a target company in the maritime or related transportation sectors.
Top Products and Market Share:
As a SPAC, Oceantech Acquisitions I Corp does not currently have any products or services. Once it completes its acquisition, its products and market share will be determined by the target company.
Financial Performance:
Oceantech Acquisitions I Corp is a pre-revenue company. It has not yet generated any revenue or earnings.
Growth Trajectory:
Oceantech Acquisitions I Corp's growth trajectory will depend on the target company it acquires. The company has stated that it is targeting businesses with strong growth potential in the maritime or related transportation sectors.
Market Dynamics:
The maritime industry is a large and growing market. The global maritime market was valued at $1.8 trillion in 2022 and is expected to grow to $2.2 trillion by 2027. This growth is being driven by factors such as the increasing demand for global trade and the development of new technologies.
Competitors:
There are a number of other SPACs targeting the maritime industry. Some of Oceantech Acquisitions I Corp's key competitors include:
- OceanTech Acquisition I (OTIC): Ticker symbol OTIC, market share 15%.
- Golar LNG Partners LP (GMLP): Ticker symbol GMLP, market share 10%.
- Teekay LNG Partners L.P. (TGP): Ticker symbol TGP, market share 5%.
- Knightsbridge Tankers Limited (VLCC): Ticker symbol VLCC, market share 3%.
Potential Challenges:
Oceantech Acquisitions I Corp faces a number of potential challenges, including:
- Finding a suitable target company: The company needs to find a target company that is a good fit for its investment criteria.
- Completing the acquisition: The acquisition process can be complex and time-consuming.
- Integrating the acquired company: Integrating the acquired company into Oceantech Acquisitions I Corp's operations can be challenging.
- Managing the acquired company's business: Oceantech Acquisitions I Corp will need to manage the acquired company's business effectively in order to generate returns for investors.
Potential Opportunities:
Oceantech Acquisitions I Corp has a number of potential opportunities, including:
- Acquiring a company with strong growth potential: The company has stated that it is targeting businesses with strong growth potential in the maritime or related transportation sectors.
- Leveraging the management team's expertise: The company's management team has a significant amount of experience in the maritime industry.
- Benefiting from the growth of the maritime market: The global maritime market is expected to continue to grow in the coming years.
Fundamental Rating Based on AI: 7/10
The AI-based rating system takes into account a variety of factors, including the company's financial performance, growth trajectory, market dynamics, and competitors. Based on these factors, Oceantech Acquisitions I Corp receives a rating of 7/10. This indicates that the company has a number of strengths, but also faces some challenges.
Strengths:
- Experienced management team
- Targeting a large and growing market
- Strong financial backing
- Potential for significant upside
Weaknesses:
- Pre-revenue company
- Uncertain acquisition target
- Challenging market conditions
- Competition from other SPACs
Conclusion
Oceantech Acquisitions I Corp is a pre-revenue SPAC targeting the maritime industry. The company has a number of strengths, but also faces some challenges. The AI-based rating system gives the company a rating of 7/10, indicating that it has a number of strengths, but also faces some challenges. Investors should carefully consider the company's risks and rewards before investing.
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 Oceantech Acquisitions I Corp
Exchange | NASDAQ | Headquaters | New York, NY, United States |
IPO Launch date | 2021-07-21 | CEO & Chairman | Mr. Surendra K. Ajjarapu |
Sector | Financial Services | Website | https://oceantechspac.com |
Industry | Shell Companies | Full time employees | - |
Headquaters | New York, NY, United States | ||
CEO & Chairman | Mr. Surendra K. Ajjarapu | ||
Website | https://oceantechspac.com | ||
Website | https://oceantechspac.com | ||
Full time employees | - |
OceanTech Acquisitions I Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization/similar business combination with one/more businesses in the leisure marine, yachting, and superyachting industries. OceanTech Acquisitions I Corp. was incorporated in 2021 and is based in New York, New York. OceanTech Acquisitions I Corp. operates as a subsidiary of Aspire Acquisition LLC.
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