Ix Acquisition Corp Stock Today
| IXAQ Stock | USD 11.33 0.01 0.09% |
Performance20 of 100
| Odds Of DistressLess than 21
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IX Acquisition is selling at 11.33 as of the 1st of May 2024; that is -0.09 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 11.33. IX Acquisition has about a 21 % chance of experiencing some form of financial distress in the next two years of operation and had a somewhat solid performance during the last 90 days. Equity ratings for IX Acquisition Corp 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 November 2021 | Classification Financials |
It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in London, United Kingdom. Ix Acquisition is traded on NASDAQ Exchange in the United States.. The company has 6.85 M outstanding shares of which 10.73 K shares are currently shorted by private and institutional investors with about 0.78 trading days to cover. More on IX Acquisition Corp
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Follow Valuation Profit Patterns Odds of Bankruptcy
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IXAQ 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. IX Acquisition's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding IX Acquisition or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Executive Chairman | Guy Willner | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Asset Management & Custody Banks, Financial Services, NASDAQ Composite, Financials, Capital Markets, Shell Companies, Financial Services (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the analysis of IX Acquisition's profitability, liquidity, and operating efficiency, IX Acquisition Corp may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of IX Acquisition Corp is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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IX Acquisition's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to IX Acquisition'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 IX Acquisition's financial leverage. It provides some insight into what part of IX Acquisition's total assets is financed by creditors. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
IX Acquisition Corp (IXAQ) is traded on NASDAQ Exchange in USA. It is located in 53 Davies Street, London, United Kingdom, W1K 5JH and employs 4 people. IX Acquisition is listed under Asset Management & Custody Banks category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 97.48 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate IX Acquisition's market, we take the total number of its shares issued and multiply it by IX Acquisition's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. IX Acquisition Corp conducts business under Capital Markets sector and is part of Financials industry. The entity has 6.85 M outstanding shares of which 10.73 K shares are currently shorted by private and institutional investors with about 0.78 trading days to cover.
IX Acquisition Corp currently holds about 296.46 K in cash with (605.73 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01.
Check IX Acquisition Probability Of Bankruptcy
Ownership AllocationIX Acquisition Corp shows a total of 6.85 Million outstanding shares. IX Acquisition owns majority of its outstanding shares owned by insiders. An insider is usually defined as a corporate executive, director, member of the board or institutional investor who own at least 10% of the company's outstanding shares. 72.97 % of IX Acquisition Corp outstanding shares that are owned by insiders attests that they have been buying or selling the stock in recent months in anticipation of some upcoming event. Also note that about three million thirteen thousand two hundred four invesors are currently shorting IX Acquisition expressing very little confidence in its future performance.
Check IXAQ Ownership Details
IXAQ Stock Price Odds Analysis
In regard to a normal probability distribution, the odds of IX Acquisition jumping above the current price in 90 days from now is about 5.58%. The IX Acquisition Corp probability density function shows the probability of IX Acquisition stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days IX Acquisition has a beta of 0.004. This usually indicates as returns on the market go up, IX Acquisition average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding IX Acquisition Corp will be expected to be much smaller as well. Additionally, iX Acquisition Corp has an alpha of 0.0196, implying that it can generate a 0.0196 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of IX Acquisition to move above the current price in 90 days from now is about 5.58 (This IX Acquisition Corp probability density function shows the probability of IXAQ Stock to fall within a particular range of prices over 90 days) .
IXAQ Stock Institutional Holders
Institutional Holdings refers to the ownership stake in IX Acquisition that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of IX Acquisition's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing IX Acquisition's value.| Instituion | Recorded On | Shares | |
| Glazer Capital, Llc | 2023-12-31 | 61.9 K | |
| Fir Tree Inc | 2023-12-31 | 13.4 K | |
| Quarry Lp | 2023-12-31 | 3.7 K | |
| Tower Research Capital Llc | 2023-12-31 | 217 | |
| Susquehanna International Group, Llp | 2023-09-30 | 0.0 | |
| Fisher Asset Management, Llc | 2023-12-31 | 0.0 | |
| Skyview Investment Advisors, Llc | 2023-12-31 | 0.0 | |
| Spartan Fund Management Inc. | 2023-12-31 | 0.0 | |
| Ubs Group Ag | 2023-09-30 | 0.0 | |
| First Trust Capital Management L.p. | 2023-12-31 | 380.2 K | |
| Meteora Capital, Llc | 2023-12-31 | 380.2 K |
IX Acquisition Historical Income Statement
IX Acquisition Corp Income Statement is one of the three primary financial statements used for reporting IXAQ's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of IX Acquisition Corp revenue and expense. IX Acquisition Income Statement primarily focuses on the company's revenues and expenses during a particular period.
View More FundamentalsIXAQ Stock Against Markets
Picking the right benchmark for IX Acquisition 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 IX Acquisition 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 IX Acquisition is critical whether you are bullish or bearish towards IX Acquisition Corp at a given time. Please also check how IX Acquisition's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in IX Acquisition without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy IXAQ Stock?
Before investing in IX Acquisition, 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 IX Acquisition. To buy IX Acquisition stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of IX Acquisition. 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 IX Acquisition stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located IX Acquisition Corp 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 IX Acquisition Corp 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 IX Acquisition Corp, 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. For more information on how to buy IXAQ Stock please use our How to Invest in IX Acquisition guide.
Already Invested in IX Acquisition Corp?
The danger of trading IX Acquisition Corp 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 IX Acquisition 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 IX Acquisition. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile IX Acquisition Corp 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 IX Acquisition Corp is a strong investment it is important to analyze IX Acquisition'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 IX Acquisition's future performance. For an informed investment choice regarding IXAQ Stock, refer to the following important reports: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IX Acquisition Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the IX Acquisition Corp information on this page should be used as a complementary analysis to other IX Acquisition'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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Complementary Tools for IXAQ Stock analysis
When running IX Acquisition's price analysis, check to measure IX Acquisition'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 IX Acquisition is operating at the current time. Most of IX Acquisition's value examination focuses on studying past and present price action to predict the probability of IX Acquisition's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IX Acquisition's price. Additionally, you may evaluate how the addition of IX Acquisition to your portfolios can decrease your overall portfolio volatility.
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Is IX Acquisition'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 IX Acquisition. If investors know IXAQ 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 IX Acquisition 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 (0.39) | Earnings Share 0.26 | Return On Assets (0) |
The market value of IX Acquisition Corp is measured differently than its book value, which is the value of IXAQ that is recorded on the company's balance sheet. Investors also form their own opinion of IX Acquisition's value that differs from its market value or its book value, called intrinsic value, which is IX Acquisition'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 IX Acquisition's market value can be influenced by many factors that don't directly affect IX Acquisition'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 IX Acquisition's value and its price as these two are different measures arrived at by different means. Investors typically determine if IX Acquisition is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IX Acquisition'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.