Slam Corp.: A Shell Company with Potential for a Merger or Acquisition
Company Overview
- Slam Corp. is a shell company based in New York, New York.
- The company does not have significant operations and was incorporated in 2020.
- Slam Corp. aims to execute a merger, share exchange, asset acquisition, share purchase, reorganization, or related business combination with one or more businesses or entities.
- The company's industry is classified as "Shell Companies" within the Financial Services sector.
Key Executives
- Mr. Alexander Rodriguez serves as the CEO and Director of Slam Corp.
- Ms. Kelly Laferriere holds the position of President.
- Mr. Ryan Bright is the Chief Financial Officer.
- Mr. Chetan Bansal is the Chief Development Officer and Director.
Financial Performance
- Slam Corp.'s previous close was at $0.174 and the stock opened at $0.152.
- The day's trading range for the stock was between $0.152 and $0.152.
- The company's beta is -0.002, indicating a slightly negative correlation with the market.
- The stock has a 52-week low and high of $0.152 each.
- The company's profit margins are currently at 0%.
- Slam Corp. has a current volume of 2000 shares.
Stock Analysis and Prediction
- Slam Corp.'s stock shows a relatively stable trading pattern with minimal price movements.
- The stock's current price is $0.152, and the bid and ask prices are $0.2097 and $0.1755 respectively.
- The company's financials indicate low total cash of $3338 and total debt of $10,221,000.
- The quick ratio is 0.002, while the current ratio is 0.422, reflecting the company's liquidity position.
- The return on assets is -0.00494, suggesting a negative performance in utilizing assets.
- Slam Corp. has negative free cash flow and operating cash flow.
- The company's earnings growth rate is 0.269, indicating a positive trend in profitability.
- Gross margins, profit margins, and EBITDA margins are all currently at 0%.
Outlook
- Slam Corp. operates as a shell company and is actively seeking opportunities for a merger or acquisition.
- The company's financials and stock performance indicate potential for growth and improvement.
- Investors should closely monitor Slam Corp.'s announcements and developments regarding potential business combinations.
- As Slam Corp. finalizes a merger or acquisition, there is potential for increased market activity and stock price movement.
Disclaimer:
This report is intended for informational purposes only and should not be considered as financial advice. Investors are advised to conduct their own research and analysis before making any investment decisions.
