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Bite Acquisition Corp. (BITE)
10.4  0.02 (0.19%)    04-25 15:58
Open: 10.14
High: 10.75
Volume: 14,602
  
Pre. Close: 10.38
Low: 9.66
Market Cap: 83(M)
Technical analysis
2024-04-25 4:41:40 PM
Short term     
Mid term     
Targets 6-month :  12.84 1-year :  15
Resists First :  11 Second :  12.84
Pivot price 10.72
Supports First :  10.17 Second :  9.65
MAs MA(5) :  10.66 MA(20) :  10.72
MA(100) :  10.68 MA(250) :  10.53
MACD MACD :  -0.1 Signal :  0
%K %D K(14,3) :  48.7 D(3) :  67.2
RSI RSI(14): 29.9
52-week High :  11.35 Low :  9.65
Price, MAs 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 NEUTRAL in mid-long term.
[ BITE ] has closed below the lower bollinger band by 7.5%. If price is in a downtrend band; this downward trend might continue. However a short term pullback inside the band is likely. Bollinger Bands are 241.9% wider than normal. The large width of the bands suggest high volatility as compared to its normal range. The bands have been in this wide range for 1 days. This is a sign that the current trend might continue.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 10.76 - 10.8 10.8 - 10.84
Low: 9.55 - 9.6 9.6 - 9.64
Close: 10.31 - 10.4 10.4 - 10.47
Company Description

Bite Acquisition Corp. does not have significant business. It focuses on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company intends to focus its search on the traditional and non-traditional restaurant sectors in North America. Bite Acquisition Corp. was incorporated in 2020 and is based in New York, New York.

Headline News

Wed, 21 Feb 2024
Bite Acquisition Faces Potential Delisting and Cautions Investors - TipRanks.com - TipRanks

Wed, 21 Feb 2024
Bite Acquisition Receives Delisting Notice from NYSE | DealFlow's SPAC News - DealFlow's SPAC News

Wed, 21 Feb 2024
SPAC To Delist After Failing To Close Merger With Food Biz - Law360

Fri, 16 Feb 2024
Bite Acquisition Extends Business Combination Deadline, Reduces Trust - TipRanks.com - TipRanks

Fri, 16 Feb 2024
Bite Acquisition Shareholders Approve 6 More Months to Complete Above Food Deal | DealFlow's SPAC News - DealFlow's SPAC News

Wed, 14 Feb 2024
Above Food Files F-4 on $319M Bite Acquisition Deal | DealFlow's SPAC News - DealFlow's SPAC News

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Outperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Outperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Underperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Outperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Underperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Underperform
Stock Basics & Statistics
Exchange:
NYSE
Sector:
Financial Services
Industry:
Shell Companies
Shares Out 9 (M)
Shares Float 1 (M)
Held by Insiders 64.5 (%)
Held by Institutions 33.2 (%)
Shares Short 0 (K)
Shares Short P.Month 0 (K)
Stock Financials
EPS -0.12
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) -0.44
Profit Margin 0 %
Operating Margin 0 %
Return on Assets (ttm) -1.7 %
Return on Equity (ttm) 0 %
Qtrly Rev. Growth 0 %
Gross Profit (p.s.) 0
Sales Per Share 0
EBITDA (p.s.) 0
Qtrly Earnings Growth -56 %
Operating Cash Flow -1 (M)
Levered Free Cash Flow 0 (M)
Stock Valuations
PE Ratio -86.67
PEG Ratio 0
Price to Book value -24.19
Price to Sales 0
Price to Cash Flow -68.17
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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