COVA Acquisition Corp

Company Profile

COVA Acquisition Corp had its IPO on 2021-04-01 under the ticker symbol COVAW.

The company operates in the sector and industry. COVA Acquisition Corp has a staff strength of 0 employees.

Stock update

Shares of COVA Acquisition Corp opened at $0.1 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $0.08 - $0.1, and closed at $0.1.

This is a +25% increase from the previous day's closing price.

A total volume of 22,819 shares were traded at the close of the day’s session.

In the last one week, shares of COVA Acquisition Corp have increased by +82.15%.

COVA Acquisition Corp's Key Ratios

COVA Acquisition Corp has a market cap of $363.75 million, indicating a price to book ratio of 0 and a price to sales ratio of 0.

In the last 12-months COVA Acquisition Corp’s revenue was $0 with a gross profit of $0 and an EBITDA of $0. The EBITDA ratio measures COVA Acquisition Corp's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, COVA Acquisition Corp’s operating margin was 0% while its return on assets stood at 0% with a return of equity of 0%.

In Q3, COVA Acquisition Corp’s quarterly earnings growth was a positive 0% while revenue growth was a positive 0%.

COVA Acquisition Corp’s PE and PEG Ratio

Forward PE

0

Trailing PE

0

PEG

Its diluted EPS in the last 12-months stands at $0 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 COVA Acquisition Corp’s profitability.

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

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

Balance sheet and cash flow metrics

Total Assets

$302.22 million

Total Liabilities

$4.53 million

Operating Cash Flow

$0

Capital Expenditure

$0

Dividend Payout Ratio

0%

COVA Acquisition Corp ended 2024 with $302.22 million in total assets and $0 in total liabilities. Its intangible assets were valued at $302.22 million while shareholder equity stood at $286.43 million.

COVA Acquisition Corp ended 2024 with $11.26 million in deferred long-term liabilities, $4.53 million in other current liabilities, 301933895.00 in common stock, $-15504411.00 in retained earnings and $0 in goodwill. Its cash balance stood at $2444.00 and cash and short-term investments were $2444.00. The company’s total short-term debt was $953,502 while long-term debt stood at $0.

COVA Acquisition Corp’s total current assets stands at $282673.00 while long-term investments were $0 and short-term investments were $0. Its net receivables were $0 compared to accounts payable of $3.58 million and inventory worth $0.

In 2024, COVA Acquisition Corp's operating cash flow was $0 while its capital expenditure stood at $0.

Comparatively, COVA Acquisition Corp paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$0.1

52-Week High

$0.17

52-Week Low

$0.0152

Analyst Target Price

$

COVA Acquisition Corp stock is currently trading at $0.1 per share. It touched a 52-week high of $0.17 and a 52-week low of $0.17. Analysts tracking the stock have a 12-month average target price of $.

Its 50-day moving average was $0.05 and 200-day moving average was $0.14 The short ratio stood at 0 indicating a short percent outstanding of 0%.

Around 0% of the company’s stock are held by insiders while 0% are held by institutions.