New Providence Acquisition Financials
Based on the measurements of operating efficiency obtained from New Providence's historical financial statements, New Providence Acquisition is not in a good financial situation at the moment. It has a very high risk of going through financial straits in May.
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Please note, the imprecision that can be found in New Providence's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of New Providence Acquisition. Check New Providence's Beneish M Score to see the likelihood of New Providence's management manipulating its earnings.
New Providence Stock Summary
The company was incorporated in 2020 and is based in Austin, Texas. New Providence is traded on NASDAQ Exchange in the United States.Instrument | USA Stock View All |
Exchange | NASDAQ Exchange |
Business Address | 10900 Research Boulevard, |
Sector | Capital Markets |
Industry | Financials |
Benchmark | Dow Jones Industrial |
Website | newprovidencecorp.com/spac-ii |
Phone | 561 231 7070 |
Currency | USD - US Dollar |
New Providence Key Financial Ratios
Return On Asset | -0.0294 | |||
Cash And Equivalents | 551 | |||
Beta | 0.054 |
New Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining New Providence's current stock value. Our valuation model uses many indicators to compare New Providence value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across New Providence competition to find correlations between indicators driving New Providence's intrinsic value. More Info.New Providence Acquisition is regarded second in return on asset category among its peers. It also is regarded second in number of shares shorted category among its peers . Comparative valuation analysis is a catch-all technique that is used if you cannot value New Providence by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Other Consideration for investing in New Stock
If you are still planning to invest in New Providence Acqui check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the New Providence's history and understand the potential risks before investing.
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