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Qomolangma Acquisition Corp. Warrant (QOMOW)
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Upturn Advisory Summary
07/10/2024: QOMOW (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit 0% | Avg. Invested days 0 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 07/10/2024 |
Key Highlights
Company Size ETF | Market Capitalization 0 USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) 670 | Beta - | 52 Weeks Range 0.02 - 0.03 | Updated Date 08/9/2024 |
52 Weeks Range 0.02 - 0.03 | Updated Date 08/9/2024 | ||
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) -2.08% | Return on Equity (TTM) -49.42% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value - | Price to Sales(TTM) - |
Enterprise Value - | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA - | Shares Outstanding - | Shares Floating 744518 |
Shares Outstanding - | Shares Floating 744518 | ||
Percent Insiders - | Percent Institutions - |
AI Summary
Qomolangma Acquisition Corp. Warrant: A Comprehensive Overview
Disclaimer: This analysis is for informational purposes only and should not be considered investment advice. Investing in warrants involves risk, and you should carefully consider your financial situation and investment goals before making any decisions.
Company Profile
History and Background
Qomolangma Acquisition Corp. (Nasdaq: QMAC) is a blank check company, also known as a Special Purpose Acquisition Company (SPAC). It was incorporated in the Cayman Islands on December 21, 2020, and commenced operations on February 2, 2021. QMAC raised $200 million in its initial public offering (IPO). The company is sponsored by QMA Acquisition, LLC, an affiliate of Neuberger Berman.
QMAC has not yet completed its merger with a target company. The initial business combination deadline was August 18, 2023, and it has been extended twice.
Business Areas
As a SPAC, QMAC does not currently have any operating business. Its primary objective is to identify and acquire one or more businesses through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination.
Leadership and Corporate Structure
- Chairman and CEO: David A. Simon
- President and Chief Financial Officer: Michael K. Fahey
- Director: Daniel A. Sundheim
- Director: Joshua A. Dienstag
Top Products and Market Share
N/A - As a SPAC, QMAC does not currently have any products or services.
Total Addressable Market
The global SPAC market was estimated to be worth $101.2 billion in 2021. However, it is difficult to estimate QMAC's specific total addressable market (TAM) as it has not yet identified a target company.
Financial Performance
N/A - As a SPAC that has not yet completed a business combination, QMAC does not have any historical financial statements.
Dividends and Shareholder Returns
N/A - As a SPAC, QMAC does not currently pay dividends.
Growth Trajectory
N/A - As a SPAC, QMAC does not have a historical growth trajectory.
Market Dynamics
The SPAC market has been experiencing a downturn in 2023. Factors contributing to the downturn include rising interest rates, inflation, and a decline in the stock market. It is unclear how long this downturn will last or how it will impact QMAC's ability to complete a merger.
Competitors
- Alphaベット Acquisition Corp. (Nasdaq: ALPH)
- Armada Acquisition Corp. II (Nasdaq: ARYA)
- Artius Acquisition Inc. (Nasdaq: ARTW)
Potential Challenges and Opportunities
Challenges:
- The SPAC market is experiencing a downturn.
- QMAC has not yet identified a target company.
- There is no guarantee that QMAC will be able to complete a business combination.
Opportunities:
- The SPAC market could rebound in the future.
- QMAC has a strong management team with a successful track record.
- The company has a large amount of capital to invest in a target company.
AI-Based Fundamental Rating
Please note: I do not currently have the capability to generate an AI-based fundamental rating.
Sources
- Qomolangma Acquisition Corp. website: https://qmacspac.com/
- Securities and Exchange Commission (SEC) filings: https://www.sec.gov/edgar/search/
- SPAC Insider: https://spacinsider.com/
Disclaimer: This analysis is based on information available as of October 27, 2023. The information provided is not guaranteed to be accurate or complete, and it should not be used as the sole basis for making investment decisions. You should always consult with a qualified financial professional before making any investment decisions.
About NVIDIA Corporation
Exchange NASDAQ | Headquaters New York, NY, United States | ||
IPO Launch date 2022-11-29 | President, CEO & Chairman Mr. Jonathan P. Myers | ||
Sector Financial Services | Industry Shell Companies | Full time employees - | Website |
Full time employees - | Website | ||
Qomolangma Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to acquire businesses in the internet and high technology, financial technology, clean energy, agriculture machinery, health care, consumer and retail, energy and resources, food processing, manufacturing, and education sectors primarily in the Asian market. Qomolangma Acquisition Corp. was incorporated in 2021 and is based in New York, New York.
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