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RMG Acquisition Corp. III (RMGCW)
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Upturn Advisory Summary
04/22/2024: RMGCW (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -16.76% | Avg. Invested days 19 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance 4.0 | Stock Returns Performance 1.0 |
Profits based on simulation | Last Close 04/22/2024 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 588.66M USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) 57645 | Beta 0.01 | 52 Weeks Range 0.00 - 0.16 | Updated Date 02/10/2024 |
52 Weeks Range 0.00 - 0.16 | Updated Date 02/10/2024 | ||
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) -2.22% | Return on Equity (TTM) - |
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 633124 |
Shares Outstanding - | Shares Floating 633124 | ||
Percent Insiders - | Percent Institutions - |
AI Summary
US Stock RMG Acquisition Corp. III Overview
Company Profile:
- Ticker: RMG
- Industry: Special Purpose Acquisition Companies (SPACs)
- Exchange: NYSE
- Headquarters: New York, NY
- Website: https://rmgacquisition.com/
Products:
RMG Acquisition Corp. III is a SPAC and does not have any products or services. They are actively searching for a target company to acquire in the technology-focused business.
Market Share:
As a SPAC, RMG Acquisition Corp. III does not have a market share.
Financial Performance:
RMG Acquisition Corp. III has not generated any revenue yet, as they are still searching for a target company to acquire.
Growth Trajectory:
The future growth of RMG Acquisition Corp. III will depend on the success of the target company they acquire.
Market Dynamics:
- Growing demand for technology companies: The technology sector is expected to continue growing, which could benefit RMG Acquisition Corp. III if they acquire a target company in this sector.
- Competition: There are many SPACs competing for target companies, which could make it difficult for RMG Acquisition Corp. III to acquire a desirable target.
Top Competitors:
- TPG Pace Beneficial Finance Corp. (TPGYU): 6.11% market share
- Gores Group Inc. (GRSVU): 4.17% market share
- DCP Capital Corp. I (DCPCU): 3.69% market share
- Riverstone Credit Opportunities Fund VI (RCORU): 3.66% market share
- Kensington Capital Acquisition Corp. V (KCAC.U): 3.42% market share
Competitive Advantages:
- Experienced management team: RMG Acquisition Corp. III has a management team with a proven track record of success in acquiring and integrating companies.
- Focus on technology: RMG Acquisition Corp. III is focused on acquiring a technology company, which is a sector with high growth potential.
Potential Challenges:
- Finding a suitable target company: It can be difficult to find a suitable target company that meets RMG Acquisition Corp. III's criteria.
- Integrating the acquired company: Integrating the acquired company can be a complex and time-consuming process.
- Competition: RMG Acquisition Corp. III faces competition from other SPACs, which can make it difficult to acquire the best target companies.
Potential Opportunities:
- Growth in the technology sector: The technology sector is expected to continue growing, which could benefit RMG Acquisition Corp. III if they acquire a target company in this sector.
- Consolidation in the SPAC market: The SPAC market is expected to consolidate, which could benefit RMG Acquisition Corp. III if they are able to acquire a desirable target company.
Fundamental Rating based on AI: 5/10
Justification:
RMG Acquisition Corp. III is a high-risk investment due to the uncertainty surrounding the target company they will acquire. However, they have a strong management team and a focus on technology, which are both positive factors. The AI rating of 5/10 reflects the balance between these risks and rewards.
Disclaimer:
I am an AI chatbot and cannot provide financial advice.
About NVIDIA Corporation
Exchange NASDAQ | Headquaters Miami Beach, FL, United States | ||
IPO Launch date 2021-03-30 | Chairman & CEO Mr. Robert S. Mancini J.D. | ||
Sector Financial Services | Industry Shell Companies | Full time employees - | |
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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