Bite Acquisition Corp Etf Buy Hold or Sell Recommendation
BITE Etf | USD 10.38 0.51 4.68% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Bite Acquisition Corp is 'Cautious Hold'. Macroaxis provides Bite Acquisition buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding BITE positions. The advice algorithm takes into account all of Bite Acquisition's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Bite Acquisition's buy or sell advice are summarized below:
Real Value 10.44 | Hype Value 10.38 | Market Value 10.38 | Naive Value 10.44 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Bite Acquisition Corp given historical horizon and risk tolerance towards Bite Acquisition. When Macroaxis issues a 'buy' or 'sell' recommendation for Bite Acquisition Corp, the advice is generated through an automated system that utilizes algorithms and statistical models.
Bite |
Execute Bite Acquisition Buy or Sell Advice
The Bite recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Bite Acquisition Corp. Macroaxis does not own or have any residual interests in Bite Acquisition Corp or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Bite Acquisition's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
Cautious Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Barely shadows the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Not Available | Details |
Bite Acquisition Trading Alerts and Improvement Suggestions
Bite Acquisition generated a negative expected return over the last 90 days | |
The company currently holds 923.95 K in liabilities. Bite Acquisition Corp has a current ratio of 0.3, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Bite Acquisition until it has trouble settling it off, either with new capital or with free cash flow. So, Bite Acquisition's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Bite Acquisition Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Bite to invest in growth at high rates of return. When we think about Bite Acquisition's use of debt, we should always consider it together with cash and equity. | |
Net Loss for the year was (987.94 K) with profit before overhead, payroll, taxes, and interest of 0. | |
Bite Acquisition Corp currently holds about 42.51 K in cash with (1.34 M) of positive cash flow from operations. | |
Roughly 69.0% of the company shares are held by company insiders | |
Latest headline from news.google.com: ETF Managers Group, LLC Announces Closure of its Restaurant ETF - Yahoo News UK | |
The fund holds all of its assets under management (AUM) in equities |
Bite Acquisition Returns Distribution Density
The distribution of Bite Acquisition's historical returns is an attempt to chart the uncertainty of Bite Acquisition's future price movements. The chart of the probability distribution of Bite Acquisition daily returns describes the distribution of returns around its average expected value. We use Bite Acquisition Corp price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Bite Acquisition returns is essential to provide solid investment advice for Bite Acquisition.
Mean Return | 0.03 | Value At Risk | -0.46 | Potential Upside | 0.56 | Standard Deviation | 0.30 |
Return Density |
Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Bite Acquisition historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Bite Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Bite Acquisition is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Bite Acquisition Corp backward and forwards among themselves. Bite Acquisition's institutional investor refers to the entity that pools money to purchase Bite Acquisition's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares | Meteora Capital, Llc | 2023-12-31 | 33.1 K | Flow Traders U.s. Llc | 2023-12-31 | 16.2 K | Spartan Fund Management Inc. | 2023-09-30 | 0.0 | Ubs Group Ag | 2023-09-30 | 0.0 | Cnh Partners, Llc | 2023-09-30 | 0.0 | Owl Creek Asset Management Lp | 2023-09-30 | 0.0 | Cantor Fitzgerald Investment Advisors, L.p. | 2023-12-31 | 0.0 | Hrt Financial Llc | 2023-09-30 | 0.0 | Yakira Capital Management, Inc. | 2023-12-31 | 525.4 K | Atlas Merchant Capital Llc | 2023-12-31 | 518.3 K | Mizuho Securities Usa Inc | 2023-12-31 | 509.6 K |
Bite Acquisition Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Bite Acquisition or Capital Markets sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Bite Acquisition's price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Bite etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.02 | |
β | Beta against NYSE Composite | 0.05 | |
σ | Overall volatility | 0.66 | |
Ir | Information ratio | -0.21 |
Bite Acquisition Volatility Alert
Bite Acquisition Corp exhibits very low volatility with skewness of 0.68 and kurtosis of 1.42. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Bite Acquisition's etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Bite Acquisition's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Bite Acquisition Fundamentals Vs Peers
Comparing Bite Acquisition's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Bite Acquisition's direct or indirect competition across all of the common fundamentals between Bite Acquisition and the related equities. This way, we can detect undervalued stocks with similar characteristics as Bite Acquisition or determine the etfs which would be an excellent addition to an existing portfolio. Peer analysis of Bite Acquisition's fundamental indicators could also be used in its relative valuation, which is a method of valuing Bite Acquisition by comparing valuation metrics with those of similar companies.
Better Than Average | Worse Than Average | Compare Bite Acquisition to competition |
Fundamentals | Bite Acquisition | Peer Average |
Price To Earning | 21.54 X | 3.15 X |
Price To Book | 3.22 X | 0.39 X |
Beta | 0.02 | |
Year To Date Return | 2.13 % | (2.35) % |
Net Asset | 30.92 M | 2.29 B |
Equity Positions Weight | 100.00 % | 52.82 % |
Bite Acquisition Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Bite . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Daily Balance Of Power | (9,223,372,036,855) | |||
Rate Of Daily Change | 0.95 | |||
Day Median Price | 10.38 | |||
Day Typical Price | 10.38 | |||
Price Action Indicator | (0.25) | |||
Period Momentum Indicator | (0.51) | |||
Relative Strength Index | 58.33 |
About Bite Acquisition Buy or Sell Advice
When is the right time to buy or sell Bite Acquisition Corp? Buying financial instruments such as Bite Etf isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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Check out Bite Acquisition Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
The market value of Bite Acquisition Corp is measured differently than its book value, which is the value of Bite that is recorded on the company's balance sheet. Investors also form their own opinion of Bite Acquisition's value that differs from its market value or its book value, called intrinsic value, which is Bite Acquisition's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bite Acquisition's market value can be influenced by many factors that don't directly affect Bite Acquisition's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bite Acquisition's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bite Acquisition is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bite Acquisition's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.