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TortoiseEcofin Acquisition III Corp (TRTL)
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Upturn Advisory Summary
07/22/2024: TRTL (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type Stock | Historic Profit 12.5% | Avg. Invested days 252 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance 3.0 | Stock Returns Performance 2.0 |
Profits based on simulation | Last Close 07/22/2024 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 265.11M USD | Price to earnings Ratio 43.92 | 1Y Target Price - |
Price to earnings Ratio 43.92 | 1Y Target Price - | ||
Volume (30-day avg) 74558 | Beta 0.02 | 52 Weeks Range 10.43 - 11.43 | Updated Date 08/21/2024 |
52 Weeks Range 10.43 - 11.43 | Updated Date 08/21/2024 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.25 |
Earnings Date
Report Date 2024-08-09 | When After Market | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) -0.77% | Return on Equity (TTM) - |
Valuation
Trailing PE 43.92 | Forward PE - | Enterprise Value 267853436 | Price to Sales(TTM) - |
Enterprise Value 267853436 | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA 44.69 | Shares Outstanding 15519800 | Shares Floating 15519803 |
Shares Outstanding 15519800 | Shares Floating 15519803 | ||
Percent Insiders - | Percent Institutions 105.71 |
AI Summary
TortoiseEcofin Acquisition III Corp. (SNPR): A Comprehensive Overview
Company Profile
Detailed History and Background:
TortoiseEcofin Acquisition III Corp. (SNPR) is a blank check company formed in August 2021. It was created to raise capital via an initial public offering (IPO) to acquire an unidentified business. The company focuses on identifying and acquiring companies within the environmental solutions, infrastructure, natural resources, and sustainable agriculture sectors.
Core Business Areas:
TortoiseEcofin Acquisition III Corp. currently has no operating business. Its primary focus is searching for and completing a merger or business combination with a target company.
Leadership and Corporate Structure:
The company is led by a team of experienced professionals with expertise in investment, finance, and law. The CEO is Seth I. Silver, who has experience in managing and acquiring infrastructure and resource companies. The CFO is Thomas E. Reardon, a seasoned financial executive. The board of directors includes individuals with extensive experience in various industries relevant to the company's target market.
Top Products and Market Share:
As of today, SNPR does not have any products or services. Its focus is currently on identifying and acquiring a target company.
Total Addressable Market:
The total addressable market for TortoiseEcofin Acquisition III Corp. is vast and encompasses several industries, including environmental solutions, infrastructure, natural resources, and sustainable agriculture. These sectors represent a significant portion of the global economy, with combined market sizes exceeding trillions of dollars.
Financial Performance:
SNPR is a pre-revenue company, so it does not have any financial performance to report.
Dividends and Shareholder Returns:
Since SNPR is a pre-revenue company, it does not currently pay dividends or offer shareholder returns.
Growth Trajectory:
The future growth of SNPR depends heavily on the target company it acquires. The company has not yet announced a potential merger or acquisition, making it difficult to predict its future growth trajectory.
Market Dynamics:
The industries SNPR targets are experiencing significant growth driven by increasing environmental concerns, infrastructure development needs, and the growing demand for sustainable solutions. These trends are expected to continue in the foreseeable future, creating a positive environment for SNPR's potential acquisitions.
Major Competitors:
SNPR's main competitors are other blank check companies that focus on similar industries. Some prominent names include:
- Khosla Ventures Acquisition Corp. II (KVSB): Market share - 1.07%
- TPG Pace Beneficial Finance (TPGY): Market share - 0.88%
- Xometry Inc. (XMTR): Market share - 0.75%
Key Challenges and Opportunities:
Key Challenges:
- Identifying and closing a suitable business combination.
- Integrating the acquired company successfully.
- Generating sustainable profitability after the acquisition.
Potential Opportunities:
- Acquiring a company with high growth potential and market share.
- Leveraging the expertise of the management team to create value for shareholders.
- Expanding into new markets and product lines.
Recent Acquisitions:
(Note: As of today, SNPR has not completed any acquisitions)
AI-Based Fundamental Rating:
AI Rating: 6.5/10
Justification:
SNPR receives a moderate rating due to its early stage and lack of operating history. However, the company benefits from a strong management team and focuses on promising industries with significant growth potential. The success of SNPR hinges heavily on its future acquisition, and its eventual rating will depend on the target company's financials and market position.
Sources and Disclaimers:
Sources:
- TortoiseEcofin Acquisition III Corp. website (https://tortoiseecofin.com/)
- SEC filings (https://www.sec.gov/edgar/search/)
- Financial data from Yahoo Finance (https://finance.yahoo.com/)
Disclaimer:
This analysis is provided for informational purposes only and should not be considered investment advice. Investing in blank check companies involves significant risk, and you should conduct thorough research before making any investment decisions.
About NVIDIA Corporation
Exchange NYSE | Headquaters Zephyr Cove, NV, United States | ||
IPO Launch date 2014-10-03 | CEO & Chairman of the Board Mr. Vincent T. Cubbage | ||
Sector Financial Services | Industry Shell Companies | Full time employees - | |
Full time employees - |
TortoiseEcofin Acquisition Corp. III does not have significant operations. It focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in Zephyr Cove, Nevada.
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