New Providence Acquisition Stock Today
New Providence is selling for under 0.0567 as of the 1st of May 2024; that is No Change since the beginning of the trading day. The stock's lowest day price was 0.0567. Equity ratings for New Providence Acquisition are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of April 2024 and ending today, the 1st of May 2024. Click here to learn more.
Business Domain Financial Services | IPO Date 30th of December 2021 | Classification Financials |
Valuation Profit Patterns
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New Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. New Providence's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding New Providence or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | Asset Management & Custody Banks, Financial Services, Financials, Capital Markets, Shell Companies, Financial Services (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the measurements of operating efficiency obtained from New Providence's historical financial statements, New Providence Acquisition may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of New Providence Acqui is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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New Providence's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to New Providence's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||
| Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand New Providence's financial leverage. It provides some insight into what part of New Providence's total assets is financed by creditors. | ||||||||||||||||||||||||||||||||||||||||||||||
New Providence Acquisition (NPABW) is traded on NASDAQ Exchange in USA. It is located in 10900 Research Boulevard, Austin, TX, United States, 78759 and employs 2 people. New Providence is listed under Asset Management & Custody Banks category by Fama And French industry classification. The company classifies itself under Capital Markets sector and is part of Financials industry. New Providence Acqui has 0 outstanding shares of which 601 shares are now shorted by private and institutional investors with about 0.0 days to cover all short positions.
New Providence Acquisition has accumulated about 551 in cash with (572.8 K) of positive cash flow from operations.
Check New Providence Probability Of Bankruptcy
New Stock Price Odds Analysis
Depending on a normal probability distribution, the odds of New Providence jumping above the current price in 90 days from now is about 53.79%. The New Providence Acquisition probability density function shows the probability of New Providence stock to fall within a particular range of prices over 90 days. Assuming the 90 days horizon the stock has a beta coefficient of 6.0863. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, New Providence will likely underperform. Additionally, new Providence Acquisition has an alpha of 0.5785, implying that it can generate a 0.58 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of New Providence to move above the current price in 90 days from now is about 53.79 (This New Providence Acquisition probability density function shows the probability of New Stock to fall within a particular range of prices over 90 days) .
New Providence Historical Income Statement
New Providence Acquisition Income Statement is one of the three primary financial statements used for reporting New's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of New Providence Acqui revenue and expense. New Providence Income Statement primarily focuses on the company's revenues and expenses during a particular period.
View More FundamentalsNew Stock Against Markets
Picking the right benchmark for New Providence stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in New Providence stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for New Providence is critical whether you are bullish or bearish towards New Providence Acquisition at a given time. Please also check how New Providence's historical prices are related to one of the top price index indicators.
New Providence Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with New Providence stock to make a market-neutral strategy. Peer analysis of New Providence could also be used in its relative valuation, which is a method of valuing New Providence by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
How to buy New Stock?
Before investing in New Providence, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in New Providence. To buy New Providence stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of New Providence. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase New Providence stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located New Providence Acquisition stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased New Providence Acquisition stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as New Providence Acquisition, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in New Providence Acquisition?
The danger of trading New Providence Acquisition is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of New Providence is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than New Providence. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile New Providence Acqui is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether New Providence Acqui is a strong investment it is important to analyze New Providence's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact New Providence's future performance. For an informed investment choice regarding New Stock, refer to the following important reports: Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the New Providence Acqui information on this page should be used as a complementary analysis to other New Providence's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Complementary Tools for New Stock analysis
When running New Providence's price analysis, check to measure New Providence's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy New Providence is operating at the current time. Most of New Providence's value examination focuses on studying past and present price action to predict the probability of New Providence's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Providence's price. Additionally, you may evaluate how the addition of New Providence to your portfolios can decrease your overall portfolio volatility.
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Is New Providence's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of New Providence. If investors know New will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about New Providence listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.15) | Return On Assets (0.01) |
The market value of New Providence Acqui is measured differently than its book value, which is the value of New that is recorded on the company's balance sheet. Investors also form their own opinion of New Providence's value that differs from its market value or its book value, called intrinsic value, which is New Providence's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because New Providence's market value can be influenced by many factors that don't directly affect New Providence's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between New Providence's value and its price as these two are different measures arrived at by different means. Investors typically determine if New Providence is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, New Providence's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.