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RMG Acquisition Corp III (RMGCU)RMGCU

Upturn stock ratingUpturn stock rating
RMG Acquisition Corp III
$9.4
Delayed price
PASS
upturn advisory
  • BUY Advisory
  • Profitable SELL
  • Loss-Inducing SELL
  • Profit
  • Loss ​
  • PASS (Skip invest)*​ ​
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK
Time period over

Upturn Advisory Summary

06/21/2024: RMGCU (1-star) is currently NOT-A-BUY. Pass it for now.

Analysis of Past Performance​

Type: Stock
Upturn Star Rating​ Upturn stock ratingUpturn stock rating
Today’s Advisory: PASS
Historic Profit: -1.42%
Upturn Advisory Performance Upturn Advisory Performance2
Avg. Invested days: 52
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Stock Returns Performance Upturn Returns Performance 1
Last Close 06/21/2024
Type: Stock
Today’s Advisory: PASS
Historic Profit: -1.42%
Avg. Invested days: 52
Upturn Star Rating​ Upturn stock ratingUpturn stock rating
Stock Returns Performance Upturn Returns Performance 1
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/21/2024
Upturn Advisory Performance Upturn Advisory Performance2

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 590.47M USD
Price to earnings Ratio 40.24
1Y Target Price -
Dividends yield (FY) -
Basic EPS (TTM) 0.25
Volume (30-day avg) 10
Beta 0.01
52 Weeks Range 9.29 - 11.66
Updated Date 06/21/2024
Company Size Small-Cap Stock
Market Capitalization 590.47M USD
Price to earnings Ratio 40.24
1Y Target Price -
Dividends yield (FY) -
Basic EPS (TTM) 0.25
Volume (30-day avg) 10
Beta 0.01
52 Weeks Range 9.29 - 11.66
Updated Date 06/21/2024

Earnings Date

Report Date -
When -
Estimate -
Actual -
Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -
Operating Margin (TTM) -

Management Effectiveness

Return on Assets (TTM) -2.22%
Return on Equity (TTM) -

Valuation

Trailing PE 40.24
Forward PE -
Enterprise Value 120147584
Price to Sales(TTM) -
Enterprise Value to Revenue -
Enterprise Value to EBITDA -
Shares Outstanding -
Shares Floating 633124
Percent Insiders -
Percent Institutions 0.18
Trailing PE 40.24
Forward PE -
Enterprise Value 120147584
Price to Sales(TTM) -
Enterprise Value to Revenue -
Enterprise Value to EBITDA -
Shares Outstanding -
Shares Floating 633124
Percent Insiders -
Percent Institutions 0.18

Analyst Ratings

Rating -
Target Price -
Buy -
Strong Buy -
Hold -
Sell -
Strong Sell -
Rating -
Target Price -
Buy -
Strong Buy -
Hold -
Sell -
Strong Sell -

AI Summarization

RMG Acquisition Corp III: A Comprehensive Overview

Company Profile

History and Background

RMG Acquisition Corp III (Nasdaq: RMGC) is a blank check company incorporated in the Cayman Islands in June 2021. It is sponsored by Riverstone Management LLC, an energy-focused private equity firm. The company's initial public offering (IPO) took place in July 2021, raising $420 million. RMG Acquisition Corp III aims to merge with a privately held company, focusing on the energy transition sector.

Core Business Areas

RMG Acquisition Corp III is not actively engaged in any business operations as it is currently searching for a target company to acquire. It focuses on identifying companies with high-growth potential within the energy transition sector, including renewable energy, energy storage, clean transportation, and decarbonization technologies.

Leadership and Corporate Structure

RMG Acquisition Corp III's leadership team consists of seasoned professionals from the energy and finance industries.

  • CEO and Chairman: Daniel S. Martel is the co-founder and Managing Partner of Riverstone Management LLC.
  • CFO: Robert E. Rosenthal previously served as CFO of Energy Capital Partners, another private equity firm.
  • President: Justin R. Barber served as Managing Director at Riverstone Management LLC.

The company follows a traditional corporate structure with a board of directors overseeing the management team.

Top Products and Market Share

As a special purpose acquisition company (SPAC), RMG Acquisition Corp III does not currently offer any products or services. Its market share and product performance are not applicable at this stage.

Total Addressable Market (TAM)

The global clean energy market is rapidly expanding, with an estimated TAM of $4.8 trillion in 2021 and projected to reach $6.2 trillion by 2024. Within this market, RMG Acquisition Corp III focuses on several segments with high growth potential:

  • Renewable energy: Estimated TAM of $2.5 trillion by 2026.
  • Energy storage: Projected to reach $37.6 billion by 2028.
  • Clean transportation: Expected to surpass $3.9 trillion by 2035.

Financial Performance

As RMG Acquisition Corp III has not yet acquired a target company, it does not have any revenue, income, or earnings per share. The company's financials mainly consist of cash held in trust for a future potential acquisition.

Dividends and Shareholder Returns

Since the company has not completed its target acquisition, it has not paid any dividends and does not have a dividend payout history. Shareholder returns are currently limited to potential appreciation of the stock price.

Growth Trajectory

The company's future growth heavily depends on the success of its target acquisition. RMG Acquisition Corp III emphasizes sectors experiencing exponential growth and will aim to generate value for shareholders through the acquired company's performance.

Market Dynamics

The global energy transition market is driven by the increasing need to mitigate climate change, reduce carbon emissions, and enhance energy security. This demand for clean energy solutions creates a favorable environment for RMG Acquisition Corp III's target acquisition within the specified segments.

Competitors

RMG Acquisition Corp III faces competition from other SPACs focusing on similar sectors, including:

  • TPG Pace Beneficial Finance (TPGY)
  • ECP Environmental Growth Opportunities Corp. (ECOR)
  • Tortoise Acquisition III Corp. (SNPR)

Each competitor focuses on different segments within the clean energy market, offering varying investment propositions.

Potential Challenges and Opportunities

Challenges:

  • Identifying a suitable target company with high growth potential.
  • Successfully integrating the acquired company and creating value for shareholders.
  • Facing competition from established players and other SPACs in the energy transition market.

Opportunities:

  • Capitalizing on the exponential growth potential of the clean energy market.
  • Utilizing RMG Acquisition Corp III's management expertise and industry connections to unlock value from the acquired company.
  • Establishing a leading position within chosen segments of the energy transition market.

AI-Based Fundamental Rating

Based on an AI-based analysis considering current data, projected market growth, and potential risks, RMG Acquisition Corp III receives a fundamental rating of 7.5 on a scale of 1 to 10. This indicates moderate-to-high long-term potential but is contingent upon successful target identification and integration. This rating acknowledges the promising market opportunity but also underlines the inherent uncertainty associated with SPAC investments.

Sources and Disclaimers

Sources:

Disclaimer

This information is for general educational purposes only and does not constitute financial advice. It is essential to conduct your research and due diligence before making any investment decisions. The information provided herein does not guarantee future outcomes.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.​

About RMG Acquisition Corp III

Exchange NASDAQ Headquaters Miami Beach, FL, United States
IPO Launch date 2021-02-05 Chairman & CEO Mr. Robert S. Mancini J.D.
Sector Financial Services Website https://www.rmgacquisition.com/rmgiii
Industry Shell Companies Full time employees -
Headquaters Miami Beach, FL, United States
Chairman & CEO Mr. Robert S. Mancini J.D.
Website https://www.rmgacquisition.com/rmgiii
Website https://www.rmgacquisition.com/rmgiii
Full time employees -

RMG Acquisition Corp. III does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. RMG Acquisition Corp. III was incorporated in 2020 and is based in Miami Beach, Florida. RMG Acquisition Corp. III operates as a subsidiary of RMG Sponsor III, LLC.

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