Finnovate Acquisition Corp.

Finnovate Acquisition Corp.verified

FNVT

Price:

$11.56

Market Cap:

$77.58M

Finnovate Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It intends to acquire Israel-related companies, including companies focused on payments, insuretech, wealthtech, regtech, digital banking, fintech as a service (FAAS), banking as a service (BAAS), cyber area for financial institutions, blockchain and crypto, algo-trading and exchanges, and lending and credit line platforms. Finnovate Acquisition Corp. was incorporated in 2021 and is based in George Town, the Cayman Islands.[Read more]

Industry

Shell Companies

IPO Date

2021-12-09

Stock Exchange

NASDAQ

Ticker

FNVT

The PE Ratio as of September 2024 (TTM) for Finnovate Acquisition Corp. (FNVT) is 144.50

According to Finnovate Acquisition Corp.’s latest financial reports and current stock price. The company's current PE Ratio is 144.50. This represents a change of -85.75% compared to the average of 1.01K of the last 4 quarters.

Finnovate Acquisition Corp. (FNVT) Historical PE Ratio (quarterly & annually)

How has FNVT PE Ratio performed in the past?

The mean historical PE Ratio of Finnovate Acquisition Corp. over the last ten years is -71.05. The current 144.50 PE Ratio has changed -20438.59% with respect to the historical average. Over the past ten years (40 quarters), FNVT's PE Ratio was at its highest in in the September 2023 quarter at 4.08K. The PE Ratio was at its lowest in in the March 2021 quarter at -4936.03.

Quarterly (TTM)
Annual

Average

-71.05

Median

59.65

Minimum

-333.11

Maximum

60.31

Finnovate Acquisition Corp. (FNVT) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Finnovate Acquisition Corp. PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 0%

Maximum Annual PE Ratio = 60.31

Minimum Annual Increase = -118.11%

Minimum Annual PE Ratio = -333.11

Quarterly (TTM)
Annual
YearPE RatioChange
202359.65-1.09%
202260.31-118.11%

Finnovate Acquisition Corp. (FNVT) Average PE Ratio

How has FNVT PE Ratio performed in the past?

The current PE Ratio of Finnovate Acquisition Corp. (FNVT) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

-71.05

5-year avg

-71.05

10-year avg

-71.05

Finnovate Acquisition Corp. (FNVT) PE Ratio vs. Peers

How is FNVT’s PE Ratio compared to its peers?

Finnovate Acquisition Corp.’s PE Ratio is greater than Pono Capital Two, Inc. (-53.57), greater than Broad Capital Acquisition Corp. (-47.64), greater than Welsbach Technology Metals Acquisition Corp. (-3061.19), greater than The Growth for Good Acquisition Corporation (36.53), less than Forum Merger IV Corporation (0), greater than Blue World Acquisition Corporation (105.95), greater than Bullpen Parlay Acquisition Company (19.17), greater than Hawks Acquisition Corp (39.98), greater than null (95.82),

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