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 ROE as of September 2024 (TTM) for Finnovate Acquisition Corp. (FNVT) is 0.67%

According to Finnovate Acquisition Corp.’s latest financial reports and current stock price. The company's current ROE is 0.67%. This represents a change of 495.67% compared to the average of 0.11% of the last 4 quarters.

Finnovate Acquisition Corp. (FNVT) Historical ROE (quarterly & annually)

How has FNVT ROE performed in the past?

The mean historical ROE of Finnovate Acquisition Corp. over the last ten years is 2.29%. The current 0.67% ROE has changed -70.60% with respect to the historical average. Over the past ten years (40 quarters), FNVT's ROE was at its highest in in the March 2023 quarter at 1.96%. The ROE was at its lowest in in the March 2021 quarter at -76.45%.

Quarterly (TTM)
Annual

Average

2.29%

Median

2.07%

Minimum

-0.36%

Maximum

5.15%

Finnovate Acquisition Corp. (FNVT) ROE by Quarter and Year

Discovering the peaks and valleys of Finnovate Acquisition Corp. ROE, 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 = 148.50%

Maximum Annual ROE = 5.15%

Minimum Annual Increase = -673.94%

Minimum Annual ROE = -0.36%

Quarterly (TTM)
Annual
YearROEChange
20235.15%148.50%
20222.07%-673.94%

Finnovate Acquisition Corp. (FNVT) Average ROE

How has FNVT ROE performed in the past?

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

3-year avg

2.29%

5-year avg

2.29%

10-year avg

2.29%

Finnovate Acquisition Corp. (FNVT) ROE vs. Peers

How is FNVT’s ROE compared to its peers?

Finnovate Acquisition Corp.’s ROE is greater than Pono Capital Two, Inc. (-8.25%), greater than Broad Capital Acquisition Corp. (-4.60%), greater than Welsbach Technology Metals Acquisition Corp. (-0.14%), less than The Growth for Good Acquisition Corporation (3.76%), less than Forum Merger IV Corporation (0%), less than Blue World Acquisition Corporation (1.51%), less than Bullpen Parlay Acquisition Company (3.33%), less than Hawks Acquisition Corp (3.31%), less than null (1.38%),

Build a custom stock screener for Finnovate Acquisition Corp. (FNVT) and other stocks

One of the best ways to find valuable stocks to invest in is to build a custom made screener in your Excel or Google Sheets spreadsheet. This allows you to compare thousands of companies like Finnovate Acquisition Corp. using the financials and key metrics that matter to you in a single view.

The easiest way to set this up is to use the Wisesheets add-on and set your spreadsheet like this:

Custom stock screener in Wisesheets

Covering all these metrics from financial, data, dividend data, key metrics and more you can get all the data you want for over 50+ exchanges worldwide.

Get your free trial here.

Finnovate Acquisition Corp. (FNVT) and other stocks custom spreadsheet templates

The easiest way to analyze a company like Finnovate Acquisition Corp. or any others is to create a spreadsheet model that automatically retrieves all of the stock data you need.

Using Wisesheets you can set up a spreadsheet model like this with simple spreadsheet formulas. If you change the ticker you can get all of the data automatically updated for you.

Custom stock templates in Wisesheets

Whether you need live data, historical price data, financials, dividend data, key metrics, analyst estimates, or anything else...Wisesheets has you covered.

Frequently asked questions❓

What is the ROE?

How can you use the ROE?

What is Finnovate Acquisition Corp.'s ROE?

How is the ROE calculated for Finnovate Acquisition Corp. (FNVT)?

What is the highest ROE for Finnovate Acquisition Corp. (FNVT)?

What is the 3-year average ROE for Finnovate Acquisition Corp. (FNVT)?

What is the 5-year average ROE for Finnovate Acquisition Corp. (FNVT)?

How does the current ROE for Finnovate Acquisition Corp. (FNVT) compare to its historical average?