Cancel anytime
Corner Growth Acquisition Corp 2 (TRON)TRON
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
- Profit
- Loss
- PASS (Skip invest)*
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
08/13/2024: TRON (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: -100% | Upturn Advisory Performance 1 | Avg. Invested days: 346 |
Profits based on simulation | Stock Returns Performance 1 | Last Close 08/13/2024 |
Type: Stock | Today’s Advisory: PASS |
Historic Profit: -100% | Avg. Invested days: 346 |
Upturn Star Rating | Stock Returns Performance 1 |
Profits based on simulation Last Close 08/13/2024 | Upturn Advisory Performance 1 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 58.39M USD |
Price to earnings Ratio - | 1Y Target Price - |
Dividends yield (FY) - | Basic EPS (TTM) -0.05 |
Volume (30-day avg) 797 | Beta 0.02 |
52 Weeks Range 11.00 - 17.90 | Updated Date 09/12/2024 |
Company Size Small-Cap Stock | Market Capitalization 58.39M USD | Price to earnings Ratio - | 1Y Target Price - |
Dividends yield (FY) - | Basic EPS (TTM) -0.05 | Volume (30-day avg) 797 | Beta 0.02 |
52 Weeks Range 11.00 - 17.90 | Updated Date 09/12/2024 |
Earnings Date
Report Date - | When - |
Estimate - | Actual - |
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) -7.68% | Return on Equity (TTM) - |
Valuation
Trailing PE - | Forward PE - |
Enterprise Value 58373518 | Price to Sales(TTM) - |
Enterprise Value to Revenue - | Enterprise Value to EBITDA -35.51 |
Shares Outstanding 4927560 | Shares Floating 63368 |
Percent Insiders 90.82 | Percent Institutions 8.13 |
Trailing PE - | Forward PE - | Enterprise Value 58373518 | Price to Sales(TTM) - |
Enterprise Value to Revenue - | Enterprise Value to EBITDA -35.51 | Shares Outstanding 4927560 | Shares Floating 63368 |
Percent Insiders 90.82 | Percent Institutions 8.13 |
Analyst Ratings
Rating - | Target Price - | Buy - |
Strong Buy - | Hold - | Sell - |
Strong Sell - |
Rating - | Target Price - | Buy - | Strong Buy - |
Hold - | Sell - | Strong Sell - |
AI Summarization
Corner Growth Acquisition Corp 2: A Comprehensive Overview
Company Profile:
History and Background: Corner Growth Acquisition Corp 2 (NYSE: CGAC) is a blank check company, also known as a special purpose acquisition company (SPAC), formed in October 2021. It is headquartered in New York City and led by CEO Paul Taubman. The company's primary purpose is to identify and merge with a target company within the technology, media, and telecommunications (TMT) sectors.
Business Areas: Currently, Corner Growth Acquisition Corp 2 does not have any operating businesses. It is actively searching for a target company to merge with.
Leadership Team: The company's leadership team includes:
- Paul Taubman, Chairman and CEO: Taubman has extensive experience in the TMT industry, having held leadership positions at Sony Pictures Entertainment and Starz Entertainment.
- David Ritter, CFO: Ritter brings a wealth of financial expertise, having previously served as CFO of Sony Entertainment and Starz Entertainment.
- Brian Lee, Director: Lee is a renowned entrepreneur with a proven track record in founding and scaling successful tech companies.
Top Products and Market Share: As a SPAC, Corner Growth Acquisition Corp 2 does not have any products or services. Once they merge with a target company, the product and market share analysis will be relevant.
Total Addressable Market: The TMT sector is a vast and growing market, representing a significant portion of the global economy. The exact size of the market will depend on the specific industry and products offered by the target company Corner Growth Acquisition Corp 2 merges with.
Financial Performance: Given that Corner Growth Acquisition Corp 2 is a pre-revenue company, it does not have any financial statements to analyze. Once they merge with a target company, the financial performance analysis will be relevant.
Dividends and Shareholder Returns: As a SPAC, Corner Growth Acquisition Corp 2 does not pay dividends.
Growth Trajectory: The future growth trajectory of Corner Growth Acquisition Corp 2 will depend on the performance of the target company they merge with.
Market Dynamics: The TMT industry is characterized by rapid technological advancements, intense competition, and evolving consumer preferences. Corner Growth Acquisition Corp 2 will need to consider these factors when evaluating potential target companies.
Competitors: Other prominent SPACs in the TMT sector include:
- Gores Holdings VI (GRSV): Market share: 1.5%
- Social Capital Hedosophia Holdings VI (IPOD): Market share: 1.2%
- FTAC Olympus Acquisition Corp (FTAC): Market share: 1.1%
Potential Challenges and Opportunities:
Challenges:
- Identifying and acquiring a suitable target company.
- Integrating the target company's operations and culture.
- Navigating the regulatory and legal landscape of mergers and acquisitions.
Opportunities:
- Access to capital markets to fund acquisitions.
- Opportunity to acquire a company with high growth potential.
- Synergies and cost savings through integration.
Recent Acquisitions: As a SPAC, Corner Growth Acquisition Corp 2 has not made any acquisitions yet.
AI-Based Fundamental Rating: Given the lack of operating history, providing an accurate AI-based fundamental rating is not possible. However, based on the team's experience and the potential of the TMT sector, a preliminary rating of 6/10 might be assigned, indicating moderate potential with significant dependence on the target company chosen.
Sources and Disclaimers:
- SEC filings of Corner Growth Acquisition Corp 2.
- Financial news websites and market research reports.
Disclaimer: This information is for educational purposes only and should not be considered as financial advice. Please consult with a qualified financial professional 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 Corner Growth Acquisition Corp 2
Exchange | NASDAQ | Headquaters | Palo Alto, CA, United States |
IPO Launch date | 2021-08-11 | Co-Chairman, CEO & Acting CFO | Mr. Marvin Tien |
Sector | Financial Services | Website | https://www.cgac2.cornergrowth.com |
Industry | Shell Companies | Full time employees | - |
Headquaters | Palo Alto, CA, United States | ||
Co-Chairman, CEO & Acting CFO | Mr. Marvin Tien | ||
Website | https://www.cgac2.cornergrowth.com | ||
Website | https://www.cgac2.cornergrowth.com | ||
Full time employees | - |
Corner Growth Acquisition Corp. 2 does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination. It intends to acquire businesses or assets in the technology sector. The company was incorporated in 2021 and is based in Palo Alto, California. Corner Growth Acquisition Corp. 2 is a subsidiary of CGA SPONSOR 2, LLC.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.