Corner Growth Acquisition Corp 2

Company Profile

Corner Growth Acquisition Corp 2 had its IPO on 2021-08-11 under the ticker symbol TRON.

The company operates in the Financial Services sector and Shell Companies industry. Corner Growth Acquisition Corp 2 has a staff strength of 0 employees.

Stock update

Shares of Corner Growth Acquisition Corp 2 opened at $11.2 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $11.2 - $11.2, and closed at $11.2.

This is a 0% increase from the previous day's closing price.

A total volume of 0 shares were traded at the close of the day’s session.

In the last one week, shares of Corner Growth Acquisition Corp 2 have increased by +0.45%.

Corner Growth Acquisition Corp 2's Key Ratios

Corner Growth Acquisition Corp 2 has a market cap of $72.63 million, indicating a price to book ratio of 1.8575 and a price to sales ratio of 0.

In the last 12-months Corner Growth Acquisition Corp 2’s revenue was $0 with a gross profit of $0 and an EBITDA of $997630. The EBITDA ratio measures Corner Growth Acquisition Corp 2's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Corner Growth Acquisition Corp 2’s operating margin was 0% while its return on assets stood at -4.64% with a return of equity of 0%.

In Q2.3333333333333, Corner Growth Acquisition Corp 2’s quarterly earnings growth was a positive 12.6% while revenue growth was a positive 0%.

Corner Growth Acquisition Corp 2’s PE and PEG Ratio

Forward PE

0

Trailing PE

0

PEG

0

Its diluted EPS in the last 12-months stands at $-0.15 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of 0. 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 Corner Growth Acquisition Corp 2’s profitability.

Corner Growth Acquisition Corp 2 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.

Corner Growth Acquisition Corp 2 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

$20.59 million

Total Liabilities

$3.94 million

Operating Cash Flow

$0

Capital Expenditure

$0

Dividend Payout Ratio

0%

Corner Growth Acquisition Corp 2 ended 2023 with $20.59 million in total assets and $0 in total liabilities. Its intangible assets were valued at $20.59 million while shareholder equity stood at $9.01 million.

Corner Growth Acquisition Corp 2 ended 2023 with $0 in deferred long-term liabilities, $3.94 million in other current liabilities, 20268195.00 in common stock, $-11255925.00 in retained earnings and $0 in goodwill. Its cash balance stood at $21155.00 and cash and short-term investments were $21155.00. The company’s total short-term debt was $0 while long-term debt stood at $0.

Corner Growth Acquisition Corp 2’s total current assets stands at $317523.00 while long-term investments were $0 and short-term investments were $20.27 million. Its net receivables were $0 compared to accounts payable of $450.00 and inventory worth $0.

In 2023, Corner Growth Acquisition Corp 2's operating cash flow was $0 while its capital expenditure stood at $0.

Comparatively, Corner Growth Acquisition Corp 2 paid $0 in dividends in 2023.

Other key metrics

Current Trading Price

$11.2

52-Week High

$11.8

52-Week Low

$9.71

Analyst Target Price

$

Corner Growth Acquisition Corp 2 stock is currently trading at $11.2 per share. It touched a 52-week high of $11.8 and a 52-week low of $11.8. Analysts tracking the stock have a 12-month average target price of $.

Its 50-day moving average was $10.72 and 200-day moving average was $10.23 The short ratio stood at 45.19 indicating a short percent outstanding of 0%.

Around 7063.7% of the company’s stock are held by insiders while 4959.1% are held by institutions.