NASDAQ: FRLAFortune Rise Acquisition Corp Stock
$11.17+0.00 (+0%)
Updated Apr 30, 2024
FRLA Price
$11.17
Fair Value Price
N/A
Market Cap
$70.06M
52 Week Low
$10.67
52 Week High
$11.80
P/E
-23.77x
P/B
-7.7x
P/S
N/A
PEG
N/A
Dividend Yield
N/A
Revenue
$0.00
Earnings
-$351.71k
Gross Margin
N/A
Operating Margin
N/A
Profit Margin
N/A
Debt to Equity
-1.01
Operating Cash Flow
-$3M
Beta
0.04
Next Earnings
N/A
Ex-Dividend
N/A
Next Dividend
N/A
FRLA Overview
Fortune Rise Acquisition Corp is a "blank check" company formed to effect mergers, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations. It has not publicly disclosed the sector it intends to target. The company was incorporated in 2021 and is based in Metuchen, NJ.
Zen Score
–
Industry Average (7)
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Due Diligence Checks
FRLA is unprofitable, so we are unable to calculate its intrinsic value according to an updated version of Benjamin Graham's Formula from "The Intelligent Investor"
Below Benjamin Graham Formula Value Valuation
FRLA is unprofitable, so we are unable to assess its PEG ratio
PEG Value Valuation
FRLA's cash and short-term investments... subscribe to Premium to read more.
Interest Coverage Financials
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FRLA News
Valuation
FRLA price to earnings (PE)
For valuing profitable companies with steady earnings
Company
-23.77x
Industry
32.32x
Market
40.82x
FRLA price to book (PB)
For valuing companies that are loss-making or have lots of physical asset
Company
-7.7x
Industry
-14.49x
FRLA's financial health
Profit margin
Revenue
$0.0
Net Income
-$743.4k
Profit Margin
0%
FRLA's cash and short-term investments... subscribe to Premium to read more.
Interest Coverage Financials
Assets to liabilities
Assets
$35.0M
Liabilities
$9.2M
Debt to equity
-1.01
FRLA's short-term liabilities ($5.76M) exceed... subscribe to Premium to read more.
Short-term Liabilities Financials
FRLA's long-term liabilities ($3.42M) exceed... subscribe to Premium to read more.
Long-term Liabilities Financials
FRLA's debt relative to shareholder... subscribe to Premium to read more.
Shrinking Debt Financials
FRLA's debt to equity ratio... subscribe to Premium to read more.
Healthy Debt to Equity Financials
Cash flow
Operating
-$594.2k
Investing
$4.7M
Financing
-$4.2M
FRLA's cash and short-term investments... subscribe to Premium to read more.
Debt Coverage Financials
FRLA vs Shell Company Stocks
Fortune Rise Acquisition Stock FAQ
Company
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Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.