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Plum Acquisition Corp. I (PLMIW)PLMIW
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Upturn Advisory Summary
09/17/2024: PLMIW (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 32.41% | Upturn Advisory Performance 4 | Avg. Invested days: 19 |
Profits based on simulation | Stock Returns Performance 3 | Last Close 09/17/2024 |
Type: Stock | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 32.41% | Avg. Invested days: 19 |
Upturn Star Rating | Stock Returns Performance 3 |
Profits based on simulation Last Close 09/17/2024 | Upturn Advisory Performance 4 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 388.24M USD |
Price to earnings Ratio - | 1Y Target Price - |
Dividends yield (FY) - | Basic EPS (TTM) - |
Volume (30-day avg) 22309 | Beta 0.02 |
52 Weeks Range 0.04 - 0.69 | Updated Date 10/15/2024 |
Company Size Small-Cap Stock | Market Capitalization 388.24M USD | Price to earnings Ratio - | 1Y Target Price - |
Dividends yield (FY) - | Basic EPS (TTM) - | Volume (30-day avg) 22309 | Beta 0.02 |
52 Weeks Range 0.04 - 0.69 | Updated Date 10/15/2024 |
Earnings Date
Report Date - | When - |
Estimate - | Actual - |
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) -4.07% | 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 3086407 |
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 3086407 |
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
Plum Acquisition Corp. I: A Comprehensive Overview
Company Profile:
History and Background: Plum Acquisition Corp. I is a special purpose acquisition company (SPAC) formed in February 2021. The company raised $200 million in its initial public offering. SPACs are shell companies that are created to raise capital through an IPO and then use the proceeds to acquire an existing private company, effectively taking it public.
Core Business Areas: Plum Acquisition focuses on identifying and merging with a high-potential growth company. They focus on opportunities in industries experiencing significant secular trends and disruption.
Leadership Team: The company is led by a team of experienced individuals with diverse backgrounds across business, finance, and technology.
Products and Market Share: As a pre-merger company, Plum Acquisition Corp. I has no products or revenue. Its market share in the SPAC industry is also not applicable.
Total Addressable Market: The total addressable market for SPACs is estimated to be over $500 billion.
Financial Performance: As a pre-merger company, Plum Acquisition Corp. I's financial performance is limited to its IPO proceeds and operational expenses.
Dividends and Shareholder Returns: Plum Acquisition Corp. I does not pay dividends and its shareholder returns are tied to the performance of the yet-to-be-acquired company.
Growth Trajectory: Plum Acquisition Corp. I has not yet identified a target company for acquisition, so future growth prospects are uncertain. However, the SPAC market is experiencing significant growth, which could benefit the company.
Market Dynamics: The SPAC market is currently experiencing a period of consolidation after a period of rapid growth. However, the market still has significant potential, driven by factors such as low interest rates and increased investor demand for alternative investments.
Competitors: Plum Acquisition Corp. I faces competition from other SPACs, such as:
- Clover Health Acquisition Corp. (CLOV)
- dMY Technology Group, Inc. III (DMYI)
- Social Capital Hedosophia Holdings Corp. V (IPOC)
Market share: Plum Acquisition Corp. I's market share is not applicable as they have not identified a target company yet.
Competitive Advantages: Plum Acquisition Corp. I has several advantages, including a strong management team with a proven track record, access to significant capital, and a focus on high-growth industries.
Challenges and Opportunities:
Challenges: The company faces several challenges, including identifying and acquiring a suitable target company, integrating the target company successfully, and navigating the evolving regulatory landscape for SPACs.
Opportunities: There are also significant opportunities available, such as capitalizing on the continued growth of the SPAC market, identifying and acquiring a high-potential company, and creating long-term value for shareholders.
Recent Acquisitions: As they haven't acquired a company yet, this section is not applicable.
AI-Based Fundamental Rating: As a pre-merger company, Plum Acquisition Corp. I does not have a traditional financial history or market performance data, making an AI-based fundamental rating challenging. However, considering the strength of its management team, access to capital, and focus on high-growth industries, a preliminary rating of 6-7 out of 10 could be assigned.
Sources and Disclaimers:
- SEC Filings: https://www.sec.gov/edgar/search/
- Company Website: https://www.plumacquisition.com/
- Market Research Reports: Statista, PitchBook
- Disclaimer: This information is for informational purposes only and should not be considered investment advice. Investors should conduct their own due diligence before making any investment decisions.
This overview provides a comprehensive understanding of Plum Acquisition Corp. I's present status and its potential for future growth. It is crucial to note that as a pre-merger company, the provided information may change significantly depending on their eventual target acquisition and its subsequent performance.
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 Plum Acquisition Corp. I
Exchange | NASDAQ | Headquaters | San Francisco, CA, United States |
IPO Launch date | 2021-05-06 | Chairman, Co-CEO & President | Mr. Kanishka B. Roy |
Sector | Financial Services | Website | https://plumpartners.com |
Industry | Shell Companies | Full time employees | - |
Headquaters | San Francisco, CA, United States | ||
Chairman, Co-CEO & President | Mr. Kanishka B. Roy | ||
Website | https://plumpartners.com | ||
Website | https://plumpartners.com | ||
Full time employees | - |
Plum Acquisition Corp. I does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in San Francisco, California. Plum Acquisition Corp. I operates as a subsidiary of Plum Partners, LLC.
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