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Adara Acquisition Corp. (ADRA)

3.85   0 (0%) 03-17 15:56
Open: 3.8 Pre. Close: 9.4573
High: 9.302 Low: 3.85
Volume: 55,082 Market Cap: 428(M)

Technical analysis

as of: 2023-03-22 3:15:41 PM
Overall:       
Stoxline posted a SELL today, downgraded from higher rating. Downward movement to be expected.
Target: Six months: 7.74     One year: 10.86
Support: Support1: 2.29    Support2: 1.91
Resistance: Resistance1: 6.62    Resistance2: 9.3
Pivot: 4.43
Moving Average: MA(5): 4.04     MA(20): 4.4
MA(100): 8.64     MA(250): 9.4
MACD: MACD(12,26): -0.9     Signal(9): -1
Stochastic oscillator: %K(14,3): 27.6     %D(3): 38.8
RSI: RSI(14): 35.2
52-week: High: 12.23  Low: 2.29
Average Vol(K): 3-Month: 29 (K)  10-Days: 7 (K)

Price, moving averages and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is BEARISH in short-term; and BEARISH in mid-long term.
[ ADRA ] has closed above bottom band by 11.0%. Bollinger Bands are 13.3% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 4.07 - 4.09 4.09 - 4.11
Low: 3.8 - 3.83 3.83 - 3.85
Close: 4.04 - 4.07 4.07 - 4.1

Company Description

Adara Acquisition Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It focuses on searching for businesses in the consumer products industry and related sectors, including those consumer industry businesses in the health and wellness, e-commerce, discretionary spending, and information technology sectors and related channels of distribution. The company was incorporated in 2020 and is based in Charlotte, North Carolina.

Headline News

Fri, 17 Mar 2023
Alliance Entertainment Announces Ticker Symbol Change to ‘AENT’ Effective March 20, 2023 - Yahoo Finance

Thu, 09 Mar 2023
Alliance Entertainment's AMPED Distribution Celebrates 10 Years of ... - Joplin Globe

Fri, 10 Feb 2023
Virtu Financial LLC Buys a Share of Adara Acquisition Corp ... - Best Stocks

Fri, 10 Feb 2023
NYSE American to Suspend Trading Immediately in Adara ... - Business Wire

Fri, 10 Feb 2023
Alliance Entertainment Completes Business Combination with ... - Business Wire

Wed, 18 Jan 2023
Alliance Entertainment's Distribution Solutions Announces ... - Business Wire

Financial Analysis

Price to Book Value: Underperform
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Underperform
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Outperform
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Neutral
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Neutral
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Underperform
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  AMEX
Sector:  Financial Services
Industry:  Shell Companies
Shares Out. 49 (M)
Shares Float 7 (M)
% Held by Insiders 0.4 (%)
% Held by Institutions 20.7 (%)
Shares Short 0 (K)
Shares Short P.Month 0 (K)

Stock Financials

EPS 0.1
EPS Est Next Qtl 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 7.88
Profit Margin (%) 2
Operating Margin (%) 3.6
Return on Assets (ttm) 7.5
Return on Equity (ttm) 30.2
Qtrly Rev. Growth 0
Gross Profit (p.s.) 3.7
Sales Per Share 28.87
EBITDA (p.s.) 1.22
Qtrly Earnings Growth 0
Operating Cash Flow -84 (M)
Levered Free Cash Flow -78 (M)

Stock Valuations

PE Ratio 38.5
PEG Ratio 0
Price to Book value 0.48
Price to Sales 0.13
Price to Cash Flow -2.27

Stock Dividends

Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date 2017-07-30
Ex-Dividend Date Invalid DateTime.
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