Alpha Star Acquisition Stock Today
| ALSA Stock | USD 11.83 0.16 1.33% |
Performance0 of 100
| Odds Of DistressLess than 21
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Alpha Star is trading at 11.83 as of the 21st of November 2024, a 1.33% down since the beginning of the trading day. The stock's open price was 11.99. Alpha Star has about a 21 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Alpha Star Acquisition are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of February 2024 and ending today, the 21st of November 2024. Click here to learn more.
Business Domain Financial Services | IPO Date 20th of January 2022 | Classification Financials |
Alpha Star Acquisition Corporation does not have significant operations. The company was incorporated in 2021 and is based in New York, New York. Alpha Star is traded on NASDAQ Exchange in the United States. The company has 4.11 M outstanding shares of which 6 shares are presently shorted by private and institutional investors with about 0.01 trading days to cover. More on Alpha Star Acquisition
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Alpha Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| Business Concentration | Asset Management & Custody Banks, Financial Services, NASDAQ Composite, Financials, Capital Markets, Shell Companies, Financial Services (View all Sectors) | ||
| Debt LevelsAlpha Star can leverage 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 Alpha Star's financial leverage. It provides some insight into what part of Alpha Star's total assets is financed by creditors. | |||
Alpha Star Acquisition (ALSA) is traded on NASDAQ Exchange in USA. It is located in 80 Broad Street, New York, NY, United States, 10004 and employs 2 people. Alpha Star is listed under Asset Management & Custody Banks category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 49.25 M. Alpha Star Acquisition conducts business under Capital Markets sector and is part of Financials industry. The entity has 4.11 M outstanding shares of which 6 shares are presently shorted by private and institutional investors with about 0.01 trading days to cover.
Alpha Star generates negative cash flow from operations
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Ownership AllocationThe market capitalization of Alpha Star Acquisition is $49.25 Million. Alpha Star Acquisition shows majority of its outstanding shares owned by insiders. An insider is usually defined as a corporate executive, director, member of the board or institutional investor who own at least 10% of the company's outstanding shares. 78.01 percent of Alpha Star Acquisition outstanding shares that are owned by insiders signifies that they have been buying or selling the stock in recent months in anticipation of some upcoming event. Also note that nearly fourty-seven thousand six hundred fifty-three invesors are currently shorting Alpha Star expressing very little confidence in its future performance.
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Alpha Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Shaolin Capital Management Llc | 2024-06-30 | 200.1 K | |
| Centiva Capital Lp | 2024-06-30 | 200 K | |
| Glazer Capital, Llc | 2024-06-30 | 190.3 K | |
| Cnh Partners, Llc | 2024-06-30 | 188.3 K | |
| Polar Asset Management Partners | 2024-06-30 | 150 K | |
| Walleye Trading Llc | 2024-06-30 | 129.5 K | |
| Rivernorth Capital Management, Llc | 2024-06-30 | 98.8 K | |
| Fir Tree Inc | 2024-06-30 | 90.7 K | |
| Wolverine Asset Management Llc | 2024-09-30 | 86.9 K | |
| Yakira Capital Management, Inc. | 2024-06-30 | 1.3 M | |
| First Trust Capital Management L.p. | 2024-06-30 | 768.5 K |
Alpha Star Historical Income Statement
Alpha Stock Against Markets
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The danger of trading Alpha Star Acquisition 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 Alpha Star 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 Alpha Star. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Alpha Star 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 Alpha Star Acquisition is a strong investment it is important to analyze Alpha Star'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 Alpha Star's future performance. For an informed investment choice regarding Alpha Stock, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alpha Star Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Is Asset Management & Custody Banks space 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 Alpha Star. If investors know Alpha 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 Alpha Star 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 (0.09) | Earnings Share (1.08) | Return On Assets (0) |
The market value of Alpha Star Acquisition is measured differently than its book value, which is the value of Alpha that is recorded on the company's balance sheet. Investors also form their own opinion of Alpha Star's value that differs from its market value or its book value, called intrinsic value, which is Alpha Star'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 Alpha Star's market value can be influenced by many factors that don't directly affect Alpha Star'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 Alpha Star's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alpha Star is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alpha Star'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.