Phoenix Biotech Acquisition Corp.

Phoenix Biotech Acquisition Corp.verified

PBAX

Price:

$5.85

Market Cap:

$36.47M

Phoenix Biotech Acquisition Corp. does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It engages in identifying and acquiring a business that focuses on the healthcare or healthcare related industries in the United States and Europe. The company was incorporated in 2021 and is based in Oakland, California.[Read more]

Industry

Shell Companies

IPO Date

2021-11-30

Stock Exchange

NASDAQ

Ticker

PBAX

The ROE as of November 2024 (TTM) for Phoenix Biotech Acquisition Corp. (PBAX) is 2.03%

According to Phoenix Biotech Acquisition Corp.’s latest financial reports and current stock price. The company's current ROE is 2.03%. This represents a change of -2943.85% compared to the average of -71.27% of the last 4 quarters.

Phoenix Biotech Acquisition Corp. (PBAX) Historical ROE (quarterly & annually)

How has PBAX ROE performed in the past?

The mean historical ROE of Phoenix Biotech Acquisition Corp. over the last ten years is -13.62%. The current 2.03% ROE has changed -14985.52% with respect to the historical average. Over the past ten years (40 quarters), PBAX's ROE was at its highest in in the March 2022 quarter at 221.76%. The ROE was at its lowest in in the June 2023 quarter at -261.76%.

Quarterly (TTM)
Annual

Average

-13.62%

Median

-13.62%

Minimum

-27.05%

Maximum

-0.18%

Phoenix Biotech Acquisition Corp. (PBAX) ROE by Quarter and Year

Discovering the peaks and valleys of Phoenix Biotech 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 = 14.54%

Maximum Annual ROE = -0.18%

Minimum Annual Increase = 0%

Minimum Annual ROE = -27.05%

Quarterly (TTM)
Annual
YearROEChange
2022-27.05%14.54%

Phoenix Biotech Acquisition Corp. (PBAX) Average ROE

How has PBAX ROE performed in the past?

The current ROE of Phoenix Biotech Acquisition Corp. (PBAX) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

-13.62%

5-year avg

-13.62%

10-year avg

-13.62%

Phoenix Biotech Acquisition Corp. (PBAX) ROE vs. Peers

How is PBAX’s ROE compared to its peers?

Phoenix Biotech Acquisition Corp.’s ROE is less than Patria Latin American Opportunity Acquisition Corp. (0%), greater than Target Global Acquisition I Corp. (5.79%), greater than Power & Digital Infrastructure Acquisition II Corp. (1.80%), greater than Stratim Cloud Acquisition Corp. (0.85%), greater than null (0.30%),

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