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AI Summary - About
Bannix Acquisition Corp (BNIX)
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Upturn Advisory Summary
02/14/2025: BNIX (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type Stock | Historic Profit 5.71% | Avg. Invested days 80 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 02/14/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 33.16M USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) 2590 | Beta 0.01 | 52 Weeks Range 10.88 - 12.74 | Updated Date 02/15/2025 |
52 Weeks Range 10.88 - 12.74 | Updated Date 02/15/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.07 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) -4.61% | Return on Equity (TTM) 17.87% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 33891588 | Price to Sales(TTM) - |
Enterprise Value 33891588 | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA -247.34 | Shares Outstanding 2848750 | Shares Floating 679085 |
Shares Outstanding 2848750 | Shares Floating 679085 | ||
Percent Insiders 87.71 | Percent Institutions 21.59 |
AI Summary
Bannix Acquisition Corp. Overview
Company Profile:
Bannix Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more operating businesses. The company does not itself have any operations.
Detailed History and Background:
- Founded in February 2021 by Bannix Holdings, a leading international holding company with interests in energy, mining, and infrastructure projects.
- Headquartered in Miami, Florida.
- Led by an experienced management team with a proven track record in mergers and acquisitions.
Leadership Team and Corporate Structure:
- Chairman & CEO: Mr. Banny Khoshroo
- President & CFO: Mr. David B. Smith
- Board of Directors: Comprised of industry veterans with expertise in energy, finance, and law.
Top Products and Market Share:
As a blank check company, Bannix Acquisition Corp. does not have any products or services. Its main focus is on identifying and acquiring suitable operating businesses.
Total Addressable Market:
Bannix Acquisition Corp. has not yet disclosed its specific target industries or market size. It is worth noting that the total addressable market for acquisition targets can vary widely depending on the industry, size, and location of the potential companies.
Financial Performance:
Given the company's recent formation, it is not yet possible to analyze its financial performance effectively. The company's first full financial year will end in February 2022.
Dividends and Shareholder Returns:
As a blank check company, Bannix Acquisition Corp. does not currently pay dividends. It is likely that any post-merger or acquisition dividends would be determined by the acquired company's financial performance and payout policies.
Growth Trajectory:
The future growth trajectory of Bannix Acquisition Corp. remains uncertain at this stage. It is heavily dependent on identifying and successfully completing a business combination with a profitable and scalable target company.
Market Dynamics:
The market for blank check companies has become increasingly competitive in recent years. However, the overall SPAC landscape remains buoyant, with a strong pipeline of potential mergers and acquisitions.
Competitors:
- CF Acquisition Corp. VI (CFVI)
- dMY Technology Group, Inc. III (DMYI)
- Social Capital Hedosophia Holdings Corp. VI (IPOD)
Recent Acquisitions:
N/A (As of January 2023, Bannix Acquisition Corp. has not yet completed any acquisitions)
AI-Based Fundamental Rating:
At this time, Bannix Acquisition Corp. is too young to have established a comprehensive track record for fundamental analysis. AI-based models rely on historical data and patterns for evaluation, which are not readily available for a company with limited operational history.
Sources and Disclaimers:
This overview is based on publicly available information from sources such as the SEC filings, company press releases, and news articles.
This information should not be considered financial advice or a recommendation to invest in Bannix Acquisition Corp. Individuals should always conduct their own research and due diligence before making any investment decisions.
Please note that this analysis was generated in January 2023 and does not account for any developments after that date.
About Bannix Acquisition Corp
Exchange NASDAQ | Headquaters Wilmington, DE, United States | ||
IPO Launch date 2021-10-28 | Co- Chairman, CEO, Secretary & Principal Executive, Accounting Officer Mr. Douglas Landers Davis | ||
Sector Financial Services | Industry Shell Companies | Full time employees - | Website |
Full time employees - | Website | ||
Bannix Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or related business combination with one or more target businesses. The company intends to focus its search on target businesses in the customer engagement sector of telecommunications, retail, and financial services. Bannix Acquisition Corp. was incorporated in 2021 and is based in Wilmington, Delaware.
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