Adara Acquisition Corp

Company Profile

Adara Acquisition Corp had its IPO on 2021-03-24 under the ticker symbol ADRA.

The company operates in the Communication Services sector and Entertainment industry. Adara Acquisition Corp has a staff strength of 847 employees.

Stock update

Shares of Adara Acquisition Corp opened at $3.25 at the start of the last trading session i.e. 2023-03-24.

The stocks traded within a range of $3.25 - $4.2, and closed at $4.2.

This is a +20% increase from the previous day's closing price.

A total volume of 1,536 shares were traded at the close of the day’s session.

In the last one week, shares of Adara Acquisition Corp have increased by +16.67%.

Adara Acquisition Corp's Key Ratios

Adara Acquisition Corp has a market cap of $502.17 million, indicating a price to book ratio of 1.2744 and a price to sales ratio of 0.

In the last 12-months Adara Acquisition Corp’s revenue was $1.42 billion with a gross profit of $182.38 million and an EBITDA of $60.01 million. The EBITDA ratio measures Adara Acquisition Corp's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Adara Acquisition Corp’s operating margin was 3.65% while its return on assets stood at 7.51% with a return of equity of 30.25%.

In Q3, Adara Acquisition Corp’s quarterly earnings growth was a negative -81.8% while revenue growth was a positive 0%.

Adara Acquisition Corp’s PE and PEG Ratio

Forward PE

0

Trailing PE

46

PEG

Its diluted EPS in the last 12-months stands at $0.1 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Adara Acquisition Corp’s profitability.

Adara Acquisition Corp stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of -64.9978. Its price to sales ratio in the trailing 12-months stood at 0.

Adara Acquisition Corp stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$116.91 million

Total Liabilities

$1.56 million

Operating Cash Flow

$0

Capital Expenditure

$0

Dividend Payout Ratio

0%

Adara Acquisition Corp ended 2023 with $116.91 million in total assets and $0 in total liabilities. Its intangible assets were valued at $116.91 million while shareholder equity stood at $-2938420.00.

Adara Acquisition Corp ended 2023 with $0 in deferred long-term liabilities, $1.56 million in other current liabilities, 233325310.00 in common stock, $-2938708.00 in retained earnings and $0 in goodwill. Its cash balance stood at $29502.00 and cash and short-term investments were $29502.00. The company’s total short-term debt was $0 while long-term debt stood at $0.

Adara Acquisition Corp’s total current assets stands at $82835.00 while long-term investments were $0 and short-term investments were $0. Its net receivables were $0 compared to accounts payable of $1.56 million and inventory worth $0.

In 2023, Adara Acquisition Corp's operating cash flow was $0 while its capital expenditure stood at $0.

Comparatively, Adara Acquisition Corp paid $0 in dividends in 2023.

Other key metrics

Current Trading Price

$4.2

52-Week High

$12.24

52-Week Low

$2.3

Analyst Target Price

$

Adara Acquisition Corp stock is currently trading at $4.2 per share. It touched a 52-week high of $12.24 and a 52-week low of $12.24. Analysts tracking the stock have a 12-month average target price of $.

Its 50-day moving average was $6.6 and 200-day moving average was $9.14 The short ratio stood at 0.37 indicating a short percent outstanding of 0%.

Around 43.5% of the company’s stock are held by insiders while 2080.9% are held by institutions.