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NASDAQ: FNVT
Finnovate Acquisition Corp Stock

$11.44+0.00 (+0%)
Updated Jun 18, 2024
FNVT Price
$11.44
Fair Value Price
N/A
Market Cap
$76.77M
52 Week Low
$10.56
52 Week High
$11.50
P/E
95.33x
P/B
-22.46x
P/S
N/A
PEG
N/A
Dividend Yield
N/A
Revenue
$0.00
Earnings
$1.13M
Gross Margin
N/A
Operating Margin
N/A
Profit Margin
N/A
Debt to Equity
-1.02
Operating Cash Flow
-$899k
Beta
0
Next Earnings
N/A
Ex-Dividend
N/A
Next Dividend
N/A

FNVT Overview

Finnovate Acquisition Corp. is a "blank check" company formed to effect mergers, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations. It targets Israel-related companies focused on payments, fintech as a service, banking as a service, blockchain and crypto, and lending and credit line platforms. Finnovate Acquisition was incorporated in 2021 and is based in George Town, the Cayman Islands.

Zen Score

Industry Average (6)
You've viewed Zen Score for 10/10 free stocks. Upgrade to Premium to see how FNVT scored across 33 valuation, financial, forecast, performance, and dividend due diligence checks.

Due Diligence Checks

FNVT ($11.44) is trading above its intrinsic value of $0.66, according to an updated version of Benjamin Graham's Formula from Chapter 11 of "The Intelligent Investor"
Below Benjamin Graham Formula Value Valuation
FNVT is poor value based on its earnings relative to its share price (95.33x), compared to the US market average (31.44x)
P/E vs Market Valuation
FNVT is poor value based... subscribe to Premium to read more.
P/E vs Industry Valuation
There are 30 more FNVT due diligence checks available for Premium users.

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FNVT News

Valuation

FNVT price to earnings (PE)

For valuing profitable companies with steady earnings
Company
95.33x
Industry
7.69x
Market
31.44x
FNVT is poor value based... subscribe to Premium to read more.
P/E vs Industry Valuation
FNVT is poor value based... subscribe to Premium to read more.
P/E vs Market Valuation

FNVT price to book (PB)

For valuing companies that are loss-making or have lots of physical asset
Company
-22.46x
Industry
-14.82x

FNVT's financial health

Profit margin

Revenue
$0.0
Net Income
$242.1k
Profit Margin
0%
FNVT's cash and short-term investments... subscribe to Premium to read more.
Interest Coverage Financials

Assets to liabilities

Assets
$52.1M
Liabilities
$3.5M
Debt to equity
-1.02
FNVT's short-term liabilities ($3.50M) exceed... subscribe to Premium to read more.
Short-term Liabilities Financials
FNVT's short-term assets ($82.53k) exceed... subscribe to Premium to read more.
Long-term Liabilities Financials
FNVT's debt relative to shareholder... subscribe to Premium to read more.
Shrinking Debt Financials
FNVT's debt to equity ratio... subscribe to Premium to read more.
Healthy Debt to Equity Financials

Cash flow

Operating
-$262.0k
Investing
-$300.0k
Financing
$567.4k
FNVT's cash and short-term investments... subscribe to Premium to read more.
Debt Coverage Financials

FNVT vs Shell Company Stocks

TickerMarket Cap1d %P/EP/B
FNVT$76.77M0.00%95.33x-22.46x
TETE$76.61M+0.17%1,200.00x-9.87x
BITE$76.55M+2.03%-478.50x-17.98x
GDST$77.20M0.00%-33.21x-16.70x
CBRG$76.28M+0.80%86.85x-45.91x

Finnovate Acquisition Stock FAQ

What is Finnovate Acquisition's quote symbol?

(NASDAQ: FNVT) Finnovate Acquisition trades on the NASDAQ under the ticker symbol FNVT. Finnovate Acquisition stock quotes can also be displayed as NASDAQ: FNVT.

If you're new to stock investing, here's how to buy Finnovate Acquisition stock.

What is the 52 week high and low for Finnovate Acquisition (NASDAQ: FNVT)?

(NASDAQ: FNVT) Finnovate Acquisition's 52-week high was $11.50, and its 52-week low was $10.56. It is currently -0.52% from its 52-week high and 8.33% from its 52-week low.

How much is Finnovate Acquisition stock worth today?

(NASDAQ: FNVT) Finnovate Acquisition currently has 6,711,005 outstanding shares. With Finnovate Acquisition stock trading at $11.44 per share, the total value of Finnovate Acquisition stock (market capitalization) is $76.77M.

Finnovate Acquisition stock was originally listed at a price of $10.08 in Nov 4, 2021. If you had invested in Finnovate Acquisition stock at $10.08, your return over the last 2 years would have been 13.49%, for an annualized return of 6.53% (not including any dividends or dividend reinvestments).

How much is Finnovate Acquisition's stock price per share?

(NASDAQ: FNVT) Finnovate Acquisition stock price per share is $11.44 today (as of Jun 18, 2024).

What is Finnovate Acquisition's Market Cap?

(NASDAQ: FNVT) Finnovate Acquisition's market cap is $76.77M, as of Jun 20, 2024.

Market cap (market capitalization) is the total market value of a publicly traded company's outstanding shares.

Finnovate Acquisition's market cap is calculated by multiplying FNVT's current stock price of $11.44 by FNVT's total outstanding shares of 6,711,005.
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