How to Buy Cartica Acquisition Stock
Cartica Acquisition Corp
Cartica Acquisition Corp does not have any significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses.
Cartica Acquisition stock last closed at $11.20, up 0.54% from the previous day, and has increased 6.06% in one year. It has overperformed other stocks in the Shell Companies industry by 0.02 percentage points. Cartica Acquisition stock is currently +8.32% from its 52-week low of $10.34, and -11.6% from its 52-week high of $12.67.
There are currently 9.96M CITE shares outstanding. The market capitalization of CITE is $111.60M. In the last 24 hours, 4400 CITE shares were traded.
How to Buy Cartica Acquisition Stock
Wondering how to invest in Cartica Acquisition stock? Here's how.
- Decide where to buy Cartica Acquisition stock: You need to pick an online brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you decide where to buy Cartica Acquisition stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Put funds into your brokerage account: Choose your payment method and add your information.
- Research Cartica Acquisition stock: The Cartica Acquisition ticker symbol is CITE. Is Cartica Acquisition stock a good investment? Should you buy shares of CITE? How do CITE's underlying business fundamentals look? Do top analysts think Cartica Acquisition is a good buy? Why has CITE's stock price moved recently? (Hint: Our stock market research tools can help you figure out if CITE is a good stock to buy).
- Make your CITE buy order: Decide if you will purchase CITE shares at the current market price or use a limit order to buy CITE shares at a given price.
- Keep tabs on your CITE investment: Create a watchlist to the latest updates on your new investment in Cartica Acquisition shares.
Step 1: Decide where to buy Cartica Acquisition stock
You need an online brokerage account to access the NASDAQ market and buy CITE stock.
Our recommended brokerage: eToro
Based on our research, eToro is the best brokerage. eToro gives you:
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen the best brokerage, the next step is to fill out some personal information so you are able to buy CITE stock today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to open your new trading account.
- Submit your data by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you have finished signing up on investing apps, your next step is to transfer the money for your investment:
Watch the video below for more details transferring money into your new brokerage account.
Step 4: Research Cartica Acquisition stock
After you have selected the best place to buy Cartica Acquisition stock, it's crucial to analyze their stock prior to investing, so you truly understand the risk and upside.
Cartica Acquisition Numbers
Cartica Acquisition Fundamentals
WallStreetZen was designed to help everyday investors do more accurate fundamental analysis.
You can see all of the due diligence checks on CITE's stock page.
Is CITE stock properly valued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge CITE's intrinsic value.
Using relative valuations ratios:
- CITE may be overvalued based on its P/E ratio of 35x, relative to Shell Companies industry P/E ratio of 31.97x
You can do additional valuation analysis on CITE's stock here.
A quick look at CITE Financials
Cons:
- There are more short-term liabilities than short-term assets on the CITE balance sheet.
- CITE debt to equity ratio of -1.06 is negative.
- CITE has $8.03k in cash and short term investments. This is not sufficient to cover its annual cash burn of $1.32M.
- CITE has cash burn of 1323452. It does not have enough cash and short-term investments to cover this.
- There are more long-term liabilities than short-term assets on the CITE balance sheet.
- Total CITE debt is still negative.
Is CITE Making Money?
Last year, CITE earnings were $6.38M. During the last one years, CITE's earnings have increased by -27.27% per year. This was slower than the Shell Companies industry average of 34.74%.
Dig into CITE's earnings and revenue performance here.
Latest Insiders Trades at CITE
Over the last 12 months, insiders at CITE have not bought or sold any shares.
Learn more about who owns CITE shares here.
Can I get consistent income from CITE stock?
No, Cartica Acquisition doesn't provide an income stream by paying out dividends.
What others are saying about CITE
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Make your CITE buy order
There are two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are generally sufficient. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at an exact price limit, place a limit order.
Click the Open button and your broker will place the order.
If you want more info about buying stocks on eToro, watch the how to video below:
Step 6: Keep tabs on your CITE investment
Now that you own some CITE stock, you'll want to keep up with your company.
Make a watchlist to monitor your CITE stock.
CITE Feed
How to Buy Stock in Cartica Acquisition
To reiterate, here are the 6 steps for buying Cartica Acquisition stock:
- Decide where to buy Cartica Acquisition stock
- Sign up for a brokerage account
- Put funds into your brokerage account
- Research Cartica Acquisition stock
- Make your CITE buy order
- Keep tabs on your CITE investment
If you need a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to get the latest scoop on your new investment in Cartica Acquisition, create a watchlist on WallStreetZen today.
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