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.
Price Chart
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Financials
Ignyte Acquisition Corp. Stock Forecast - Is Ignyte Acquisition Corp. a Buy or Sell?
| DCF Score | | Strong Buy |
| ROE Score | | Buy |
| ROA Score | | Neutral |
| DE Score | | Sell |
| PE Score | | Strong Sell |
| PB Score | | Strong Sell |
| Overall Recommendation | | Neutral |
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
| 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 : https://ignytespac.com
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.
