OmniLit Acquisition Corp.

OmniLit Acquisition Corp.verified

OLIT

Price:

$8.44

Market Cap:

$51.82M

OmniLit Acquisition Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on transactions with companies and/or assets within the photonics or optics, and related sectors. The company was incorporated in 2021 and is based in Miami Beach, Florida.[Read more]

Industry

Shell Companies

IPO Date

2022-01-26

Stock Exchange

NASDAQ

Ticker

OLIT

The ROE as of September 2024 (TTM) for OmniLit Acquisition Corp. (OLIT) is 1.01%

According to OmniLit Acquisition Corp.’s latest financial reports and current stock price. The company's current ROE is 1.01%. This represents a change of 352.24% compared to the average of 0.22% of the last 4 quarters.

OmniLit Acquisition Corp. (OLIT) Historical ROE (quarterly & annually)

How has OLIT ROE performed in the past?

The mean historical ROE of OmniLit Acquisition Corp. over the last ten years is 3.10%. The current 1.01% ROE has changed -67.37% with respect to the historical average. Over the past ten years (40 quarters), OLIT's ROE was at its highest in in the December 2021 quarter at 3.79%. The ROE was at its lowest in in the June 2023 quarter at -1.96%.

Quarterly (TTM)
Annual

Average

3.10%

Median

3.10%

Minimum

-0.00%

Maximum

6.21%

OmniLit Acquisition Corp. (OLIT) ROE by Quarter and Year

Discovering the peaks and valleys of OmniLit 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 = 0%

Maximum Annual ROE = 6.21%

Minimum Annual Increase = -3038019.04%

Minimum Annual ROE = -0.00%

Quarterly (TTM)
Annual
YearROEChange
20226.21%-3038019.04%

OmniLit Acquisition Corp. (OLIT) Average ROE

How has OLIT ROE performed in the past?

The current ROE of OmniLit Acquisition Corp. (OLIT) 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

3.10%

5-year avg

3.10%

10-year avg

3.10%

OmniLit Acquisition Corp. (OLIT) ROE vs. Peers

How is OLIT’s ROE compared to its peers?

OmniLit Acquisition Corp.’s ROE is less than Concord Acquisition Corp III (0%), greater than DP Cap Acquisition Corp I (-122.58%), less than OCA Acquisition Corp. (1.59%), greater than Kingswood Acquisition Corp. (-12.11%), less than Insight Acquisition Corp. (0%), less than Kingswood Acquisition Corp. (71.24%), less than ClimateRock (189.42%), less than Digital Health Acquisition Corp. (71.24%), greater than ESGEN Acquisition Corporation (-2.93%), less than Enterprise 4.0 Technology Acquisition Corp. (54.65%), less than null (0%), less than null (5.27%), less than null (1.54%),

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