Fortune Rise Acquisition Corporation

Fortune Rise Acquisition Corporationverified

FRLA

Price:

$11.12

Market Cap:

$69.74M

Fortune Rise Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Metuchen, New Jersey.[Read more]

Industry

Shell Companies

IPO Date

2021-12-27

Stock Exchange

NASDAQ

Ticker

FRLA

The ROE as of November 2024 (TTM) for Fortune Rise Acquisition Corporation (FRLA) is -6.11%

According to Fortune Rise Acquisition Corporation’s latest financial reports and current stock price. The company's current ROE is -6.11%. This represents a change of 303.03% compared to the average of -1.52% of the last 4 quarters.

Fortune Rise Acquisition Corporation (FRLA) Historical ROE (quarterly & annually)

How has FRLA ROE performed in the past?

The mean historical ROE of Fortune Rise Acquisition Corporation over the last ten years is -0.52%. The current -6.11% ROE has changed 1.08% with respect to the historical average. Over the past ten years (40 quarters), FRLA's ROE was at its highest in in the September 2022 quarter at 1.11%. The ROE was at its lowest in in the September 2021 quarter at -112.28%.

Quarterly (TTM)
Annual

Average

-0.52%

Median

-0.14%

Minimum

-1.36%

Maximum

-0.05%

Fortune Rise Acquisition Corporation (FRLA) ROE by Quarter and Year

Discovering the peaks and valleys of Fortune Rise Acquisition Corporation 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 = 2.69%

Maximum Annual ROE = -0.05%

Minimum Annual Increase = -63.96%

Minimum Annual ROE = -1.36%

Quarterly (TTM)
Annual
YearROEChange
2023-1.36%2.69%
2022-0.05%-63.96%

Fortune Rise Acquisition Corporation (FRLA) Average ROE

How has FRLA ROE performed in the past?

The current ROE of Fortune Rise Acquisition Corporation (FRLA) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

-0.52%

5-year avg

-0.52%

10-year avg

-0.52%

Fortune Rise Acquisition Corporation (FRLA) ROE vs. Peers

How is FRLA’s ROE compared to its peers?

Fortune Rise Acquisition Corporation’s ROE is less than Magnum Opus Acquisition Limited (19.75%), less than Conyers Park III Acquisition Corp. (2.29%), less than Industrial Tech Acquisitions II, Inc. (5.73%), less than Energem Corp. (2.55%), less than Digital Transformation Opportunities Corp. (16.21%), greater than LAMF Global Ventures Corp. I (-37.58%), greater than Genesis Unicorn Capital Corp. (-1.22%),

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