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The Music Acquisition Corporation (TMAC)
10.1  0.03 (0.3%)    12-01 09:30
Open: 10.1
High: 10.1
Volume: 1,151
  
Pre. Close: 10.04
Low: 10.1
Market Cap: 0(M)
Technical analysis
2023-01-06 4:35:04 PM
Short term     
Mid term     
Targets 6-month :  11.79 1-year :  13.77
Resists First :  10.1 Second :  11.79
Pivot price 10.06
Supports First :  10.04 Second :  10.01
MAs MA(5) :  10.08 MA(20) :  10.05
MA(100) :  9.91 MA(250) :  9.82
MACD MACD :  0 Signal :  0
%K %D K(14,3) :  100 D(3) :  85.7
RSI RSI(14): 80.1
52-week High :  10.1 Low :  9.67
Price, MAs and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently above mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is BULLISH in short-term; and BULLISH in mid-long term.
[ TMAC ] has closed below upper band by 9.2%. Bollinger Bands are 43.6% 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 0 days. This is a sign that the current trend might continue.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 10.11 - 10.16 10.16 - 10.2
Low: 9.97 - 10.03 10.03 - 10.08
Close: 10.01 - 10.1 10.1 - 10.18
Company Description

The Music Acquisition Corporation does not have significant operations. It intends on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more businesses in the music sector. The company was incorporated in 2020 and is based in Hollywood, California.

Headline News

Tue, 02 Jan 2024
Iron Horse SPAC raises $69M in Nasdaq IPO, eyes diverse media and entertainment deals - Music Business Worldwide

Mon, 11 Dec 2023
Fan engagement and social media platform FENIX360 plans to list on NASDAQ in $610m SPAC merger - Music Business Worldwide

Mon, 16 Oct 2023
Edgar Bronfman Jr.’s $200m SPAC shuttered in August with no acquisition, 24 months after IPO - Music Business Worldwide

Wed, 09 Nov 2022
“Beyond Redemption”: SPAC Shareholder Redemptions and New Excise Tax Could Lead to Year-End Rush to Close ... - JD Supra

Wed, 26 Oct 2022
The Music Acquisition Company SPAC Is In Trouble - Digital Music News

Tue, 25 Oct 2022
$200m SPAC, The Music Acquisition Corp, files to liquidate early and delist shares from NYSE - Music Business Worldwide

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.
Underperform
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.
Neutral
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 23 (M)
Shares Float 21 (M)
Held by Insiders 0 (%)
Held by Institutions 92.8 (%)
Shares Short 7 (K)
Shares Short P.Month 6 (K)
Stock Financials
EPS 0
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) -0.73
Profit Margin 0 %
Operating Margin 0 %
Return on Assets (ttm) 0 %
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 0 %
Operating Cash Flow -1 (M)
Levered Free Cash Flow 0 (M)
Stock Valuations
PE Ratio 0
PEG Ratio 0
Price to Book value -14.03
Price to Sales 0
Price to Cash Flow -245.82
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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