FNVT
Price:
$11.62
Market Cap:
$77.98M
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
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.
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%.
Average
2.29%
Median
2.07%
Minimum
-0.36%
Maximum
5.15%
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%
Year | ROE | Change |
---|---|---|
2023 | 5.15% | 148.50% |
2022 | 2.07% | -673.94% |
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.’s ROE is greater than Pono Capital Two, Inc. (-8.25%), greater than Broad Capital Acquisition Corp. (-6.47%), greater than Welsbach Technology Metals Acquisition Corp. (-3.15%), less than The Growth for Good Acquisition Corporation (2.34%), less than Forum Merger IV Corporation (0%), less than Blue World Acquisition Corporation (2.37%), less than Bullpen Parlay Acquisition Company (3.33%), less than Hawks Acquisition Corp (6.96%), less than null (0.50%),
Company | ROE | Market cap |
---|---|---|
-8.25% | $57.38M | |
-6.47% | $33.83M | |
-3.15% | $37.88M | |
2.34% | $341.44M | |
0% | $163.15M | |
2.37% | $28.44M | |
3.33% | $291.33M | |
6.96% | $100.12M | |
0.50% | $0 |
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