Finnovate Acquisition Corp Stock Today
| FNVT Stock | USD 11.25 0.05 0.44% |
Performance13 of 100
| Odds Of DistressLess than 18
|
Finnovate Acquisition is selling for under 11.25 as of the 19th of April 2024; that is -0.44 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 11.25. Finnovate Acquisition has less than a 18 % chance of experiencing some financial distress in the next two years of operation and had a good performance during the last 90 days. Equity ratings for Finnovate Acquisition Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
Business Domain Financial Services | IPO Date 9th of December 2021 | Classification Financials |
Finnovate Acquisition Corp. does not have significant operations. Finnovate Acquisition Corp. was incorporated in 2021 and is based in George Town, the Cayman Islands. Finnovate Acquisition is traded on NASDAQ Exchange in the United States. The company has 9.09 M outstanding shares of which 365 shares are currently shorted by private and institutional investors with about 0.01 trading days to cover. More on Finnovate Acquisition Corp
Moving together with Finnovate Stock
| 0.76 | CG | Carlyle Group Financial Report 2nd of May 2024 | PairCorr |
| 0.81 | GS | Goldman Sachs Group Financial Report 17th of July 2024 | PairCorr |
| 0.67 | MA | Mastercard Financial Report 25th of April 2024 | PairCorr |
Moving against Finnovate Stock
| 0.51 | FSK | FS KKR Capital Financial Report 3rd of May 2024 | PairCorr |
| 0.46 | WAVS | Western Acquisition | PairCorr |
Follow Valuation Profit Patterns Odds of Bankruptcy
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Finnovate Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Finnovate Acquisition's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Finnovate Acquisition or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman CEO | Calvin Kung | ||
| Thematic Idea | Investing (View all Themes) | ||
| Business Concentration | Asset Management & Custody Banks, Financial Services, NASDAQ Composite, Investing, Financials, Capital Markets, Shell Companies, Financial Services (View all Sectors) | ||
Finnovate Acquisition's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Finnovate Acquisition's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||
| Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Finnovate Acquisition's financial leverage. It provides some insight into what part of Finnovate Acquisition's total assets is financed by creditors. | |||
Finnovate Acquisition Corp (FNVT) is traded on NASDAQ Exchange in USA. It is located in The White House, George Town, Cayman Islands, KY1 1208 and employs 5 people. Finnovate Acquisition is listed under Asset Management & Custody Banks category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 102.22 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Finnovate Acquisition's market, we take the total number of its shares issued and multiply it by Finnovate Acquisition's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Finnovate Acquisition conducts business under Capital Markets sector and is part of Financials industry. The entity has 9.09 M outstanding shares of which 365 shares are currently shorted by private and institutional investors with about 0.01 trading days to cover.
Finnovate Acquisition Corp currently holds about 604.19 K in cash with (786.64 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03.
Check Finnovate Acquisition Probability Of Bankruptcy
Ownership AllocationThe market capitalization of Finnovate Acquisition is $102.22 Million. Finnovate Acquisition Corp retains significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Please take into account that even companies with profitable outlook can generate negative future returns on their equity. If the true value of the firm is less than the current market value, you may not be able generate positive returns on investment in the long run.
Check Finnovate Ownership Details
Finnovate Stock Price Odds Analysis
Attributed to a normal probability distribution, the odds of Finnovate Acquisition jumping above the current price in 90 days from now is about 15.38%. The Finnovate Acquisition Corp probability density function shows the probability of Finnovate Acquisition stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Finnovate Acquisition has a beta of 0.0074. This usually indicates as returns on the market go up, Finnovate Acquisition average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Finnovate Acquisition Corp will be expected to be much smaller as well. Additionally, finnovate Acquisition Corp has an alpha of 0.0086, implying that it can generate a 0.008588 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Finnovate Acquisition to move above the current price in 90 days from now is about 15.38 (This Finnovate Acquisition Corp probability density function shows the probability of Finnovate Stock to fall within a particular range of prices over 90 days) .
Finnovate Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Finnovate Acquisition that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Finnovate Acquisition's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Finnovate Acquisition's value.| Instituion | Recorded On | Shares | |
| Quarry Lp | 2023-12-31 | 121.5 K | |
| Cowen And Company, Llc | 2023-12-31 | 113.5 K | |
| Karpus Management Inc | 2023-12-31 | 111.8 K | |
| Wolverine Asset Management Llc | 2023-12-31 | 50.6 K | |
| Walleye Trading Advisors, Llc | 2023-12-31 | 45.7 K | |
| Walleye Trading Llc | 2023-09-30 | 25.2 K | |
| Spartan Fund Management Inc. | 2023-12-31 | 9.7 K | |
| Tower Research Capital Llc | 2023-12-31 | 54.0 | |
| Schonfeld Strategic Advisors Llc | 2023-09-30 | 0.0 | |
| Mizuho Securities Usa Inc | 2023-12-31 | 640.6 K | |
| Glazer Capital, Llc | 2023-12-31 | 630 K |
Finnovate Acquisition Historical Income Statement
Finnovate Acquisition Corp Income Statement is one of the three primary financial statements used for reporting Finnovate's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Finnovate Acquisition revenue and expense. Finnovate Acquisition Income Statement primarily focuses on the company's revenues and expenses during a particular period.
View More FundamentalsFinnovate Stock Against Markets
Picking the right benchmark for Finnovate Acquisition stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Finnovate Acquisition stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Finnovate Acquisition is critical whether you are bullish or bearish towards Finnovate Acquisition Corp at a given time. Please also check how Finnovate Acquisition's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Finnovate Acquisition without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Finnovate Stock?
Before investing in Finnovate Acquisition, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Finnovate Acquisition. To buy Finnovate Acquisition stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Finnovate Acquisition. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Finnovate Acquisition stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Finnovate Acquisition Corp stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Finnovate Acquisition Corp stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Finnovate Acquisition Corp, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Finnovate Stock please use our How to Invest in Finnovate Acquisition guide.
Already Invested in Finnovate Acquisition Corp?
The danger of trading Finnovate Acquisition Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Finnovate Acquisition is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Finnovate Acquisition. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Finnovate Acquisition is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Finnovate Acquisition is a strong investment it is important to analyze Finnovate Acquisition's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Finnovate Acquisition's future performance. For an informed investment choice regarding Finnovate Stock, refer to the following important reports: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Finnovate Acquisition Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for Finnovate Stock analysis
When running Finnovate Acquisition's price analysis, check to measure Finnovate Acquisition's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Finnovate Acquisition is operating at the current time. Most of Finnovate Acquisition's value examination focuses on studying past and present price action to predict the probability of Finnovate Acquisition's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Finnovate Acquisition's price. Additionally, you may evaluate how the addition of Finnovate Acquisition to your portfolios can decrease your overall portfolio volatility.
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Is Finnovate Acquisition's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Finnovate Acquisition. If investors know Finnovate will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Finnovate Acquisition listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.73) | Earnings Share 0.19 | Return On Equity 0.5867 |
The market value of Finnovate Acquisition is measured differently than its book value, which is the value of Finnovate that is recorded on the company's balance sheet. Investors also form their own opinion of Finnovate Acquisition's value that differs from its market value or its book value, called intrinsic value, which is Finnovate 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 Finnovate Acquisition's market value can be influenced by many factors that don't directly affect Finnovate 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 Finnovate Acquisition's value and its price as these two are different measures arrived at by different means. Investors typically determine if Finnovate Acquisition is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Finnovate 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.