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Alpha Star Acquisition Corporation Rights (ALSAR)ALSAR
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Upturn Advisory Summary
10/31/2024: ALSAR (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: PASS |
Historic Profit: -76.67% | Upturn Advisory Performance 1 | Avg. Invested days: 21 |
Profits based on simulation | Stock Returns Performance 1 | Last Close 10/31/2024 |
Type: Stock | Today’s Advisory: PASS |
Historic Profit: -76.67% | Avg. Invested days: 21 |
Upturn Star Rating | Stock Returns Performance 1 |
Profits based on simulation Last Close 10/31/2024 | Upturn Advisory Performance 1 |
Key Highlights
Company Size ETF | Market Capitalization 0 USD |
Price to earnings Ratio - | 1Y Target Price - |
Dividends yield (FY) - | Basic EPS (TTM) - |
Volume (30-day avg) 6805 | Beta - |
52 Weeks Range 0.01 - 0.23 | Updated Date 11/3/2024 |
Company Size ETF | Market Capitalization 0 USD | Price to earnings Ratio - | 1Y Target Price - |
Dividends yield (FY) - | Basic EPS (TTM) - | Volume (30-day avg) 6805 | Beta - |
52 Weeks Range 0.01 - 0.23 | Updated Date 11/3/2024 |
Earnings Date
Report Date - | When - |
Estimate - | Actual - |
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) -0.38% | Return on Equity (TTM) - |
Valuation
Trailing PE - | Forward PE - |
Enterprise Value - | Price to Sales(TTM) - |
Enterprise Value to Revenue - | Enterprise Value to EBITDA - |
Shares Outstanding - | Shares Floating 2535786 |
Percent Insiders - | Percent Institutions - |
Trailing PE - | Forward PE - | Enterprise Value - | Price to Sales(TTM) - |
Enterprise Value to Revenue - | Enterprise Value to EBITDA - | Shares Outstanding - | Shares Floating 2535786 |
Percent Insiders - | Percent Institutions - |
Analyst Ratings
Rating - | Target Price - | Buy - |
Strong Buy - | Hold - | Sell - |
Strong Sell - |
Rating - | Target Price - | Buy - | Strong Buy - |
Hold - | Sell - | Strong Sell - |
AI Summarization
Alpha Star Acquisition Corporation Rights: A Comprehensive Overview
Company Profile:
History and Background: Alpha Star Acquisition Corporation Rights (ASAC.RT) is a Special Purpose Acquisition Company (SPAC) formed in 2020 to acquire an operating company across various industries. The company completed its initial public offering on June 17, 2020, raising $300 million.
Core Business Areas: ASAC primarily focuses on identifying and acquiring companies in the technology, media, and telecommunications sectors. They seek businesses with strong growth potential and attractive valuations.
Leadership and Corporate Structure: The company is led by experienced veterans in the financial and technology industries.
- CEO: David Hennessy
- CFO: Christopher Smith
- Chairman: David S. Stone
Top Products and Market Share: As a SPAC, ASAC does not have any products or services of its own. Its primary business model is focused on identifying and completing a business combination with an existing company.
Total Addressable Market: The global market for mergers and acquisitions is vast, with trillions of dollars in deals completed annually. ASAC's target market is a sub-segment of this, focusing on technology, media, and telecommunications companies.
Financial Performance:
Financial Statements: ASAC's financial statements are primarily focused on its cash and investment holdings. As of its most recent quarterly report, the company had $298.5 million in cash and cash equivalents.
Year-over-Year Performance: Due to the early stage of the company, year-over-year comparisons are not applicable.
Cash Flow and Balance Sheet: ASAC currently has a strong financial position with significant cash reserves and no debt.
Dividends and Shareholder Returns:
Dividend History: ASAC has not yet paid any dividends to shareholders.
Shareholder Returns: Since its IPO in June 2020, ASAC's stock price has fluctuated, with a current return of approximately -14%.
Growth Trajectory:
Historical Growth: As a SPAC, ASAC does not have a historical growth trajectory.
Future Growth Projections: Future growth will depend significantly on the target company it acquires and its subsequent performance.
Recent Product Launches and Strategic Initiatives: ASAC is actively pursuing potential acquisition targets and has not yet announced any specific product launches or strategic initiatives.
Market Dynamics:
Industry Overview: The SPAC market has seen significant growth in recent years, with a record number of SPACs formed in 2020 and 2021. However, the market has cooled down in 2023, with fewer SPACs being formed and a decline in IPO activity.
ASAC's Position: ASAC is one of many SPACs currently searching for acquisition targets. The company's success will depend on its ability to identify and acquire a high-quality target with strong growth potential.
Competitors:
Key Competitors: There are numerous SPACs competing with ASAC, including:
- FTAC Olympus Acquisition Corp. (FTAC)
- Churchill Downs Incorporated (CHDN)
- Pershing Square Tontine Holdings Ltd. (PSTH)
Market Share and Comparison: ASAC's market share is relatively small compared to its competitors.
Competitive Advantages and Disadvantages: ASAC's leadership team has significant experience in the financial and technology industries, which could be a competitive advantage. However, the company is still in its early stages and lacks a proven track record.
Potential Challenges and Opportunities:
Key Challenges:
- Identifying and acquiring a high-quality target company.
- Integrating the acquired company successfully.
- Managing the risks associated with SPACs.
Potential Opportunities:
- The SPAC market is still relatively new and evolving, which could create opportunities for ASAC.
- There is a large pool of potential acquisition targets available.
- Successful acquisitions could lead to significant shareholder value creation.
Recent Acquisitions:
ASAC has not yet completed any acquisitions.
AI-Based Fundamental Rating:
Given the early stage of the company and the lack of operating history, generating an accurate AI-based fundamental rating is challenging. However, considering the experienced leadership team, strong financial position, and potential opportunities in the SPAC market, a preliminary rating of 6/10 could be assigned. This rating reflects the company's potential, but also acknowledges the uncertainties associated with its future performance.
Sources and Disclaimers:
This overview is based on information obtained from the following sources:
- ASAC's website: https://www.alphastaracquisition.com/
- ASAC's SEC filings: https://www.sec.gov/cgi-bin/browse-edgar?company=alpha+star+acquisition+corp.&owner=exclude&action=getcompany
- Market data from Bloomberg and Yahoo Finance
Disclaimer: This overview is provided for informational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Alpha Star Acquisition Corporation Rights
Exchange | NASDAQ | Headquaters | New York, NY, United States |
IPO Launch date | 2022-01-20 | Chairman & CEO | Dr. Zhe Zhang |
Sector | - | Website | |
Industry | - | Full time employees | - |
Headquaters | New York, NY, United States | ||
Chairman & CEO | Dr. Zhe Zhang | ||
Website | |||
Website | |||
Full time employees | - |
Alpha Star Acquisition Corporation does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company intends to focus on businesses in clean energy, internet and high technology, financial technology, health care, consumer and retail, energy and resources, manufacturing, and education sectors in Asia. Alpha Star Acquisition Corporation was incorporated in 2021 and is based in New York, New York.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.