Stock Forecast

  Ignyte Acquisition Corp. ( IGNY) Stock. Should you Buy or Sell?    $ 9.94

0.01 (0.10 %)

Ignyte Acquisition Corp. Analysis

Updated on 10-09-2022
Symbol IGNY
Price $9.94
Beta 0.000
Volume Avg. $6.4 thousand
Market Cap $72.44 M
52 Week Range $9.7 - $9.95

Ignyte Acquisition Corp. opened the day at $9.94 which is +'0.10 % on yesterday's close. Ignyte Acquisition Corp. has a 52 week high of $9.95 and 52 week low of $9.7, which is a difference of $0.25. We like to see positive, upward trending shares, preferably with momentum. Market capitalization is $72.44 M and total net profit is $0 which means the company is trading at inf times profit to market capitalization. Theoretically, if you were to buy Ignyte Acquisition Corp. for $72.44 M, it would take 15 years to get your money back. Ignyte Acquisition Corp. are in the Shell Companies space which will have a sweet spot and industry standard for net profit multiples.

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Ignyte Acquisition Corp. Stock Forecast - Is Ignyte Acquisition Corp. a Buy or Sell?

DCF ScoreStrong Buy
ROE ScoreBuy
ROA ScoreNeutral
DE ScoreSell
PE ScoreStrong Sell
PB ScoreStrong Sell
Overall RecommendationNeutral

Growth and Value

PE Ratio 39.760
Dividend Yiel 0.000
Net Profit Margin 0.000

Valuing Ignyte Acquisition Corp.

Price Book Value Ratio -8.831 Price To Book Ratio -8.831
Price To Sales Ratio 0.000 Price Earnings Ratio -31.659

How liquid is Ignyte Acquisition Corp.

Current Ratio 0.145
Quick Ratio 0.030


Debt Ratio 0.035 Debt Equity Ratio -1.175
Long Term Debt To Capitalization 0.000 Total Debt To Capitalization 0.000

Latest news about Ignyte Acquisition Corp.

About Ignyte Acquisition Corp.

CEO : Mr. David Ira Rosenberg
Sector : Financial Services
Industry : Shell Companies

Website :

Exchange : NASDAQ Capital Market

Description :

Ignyte Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses. The company intends to focus on target businesses in the life sciences, biotechnology, and healthcare sectors. Ignyte Acquisition Corp. was incorporated in 2020 and is based in New York, New York.

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