Atlas Crest Investment (ACIC) Stock Price, News & Analysis

Company Overview

Atlas Crest Investment Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company intends to engage in the business of designing and developing electric vertical takeoff and landing aircraft for use in urban air mobility that can carry passengers for 60 miles at speeds of up to 150 mph. Atlas Crest Investment Corp. was incorporated in 2020 and is based in New York, New York.

Key Stats

• Today's Range: $12.70 to $13.13
• 50-Day Range: $5.39 to $10.19
• 52-Week Range: $8.79 to $18.60
• Volume: 187,677 shs
• Average Volume: 271,101 shs
• Market Capitalization: $621.91 million
• P/E Ratio: 7.37
• Dividend Yield: N/A
• Price Target: $16.00
• Consensus Rating: Buy

Atlas Crest Investment Stock Analysis - MarketRank™

Atlas Crest Investment scored higher than 39% of companies evaluated by MarketBeat, and ranked 761st out of 963 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Buy

Consensus Rating

Atlas Crest Investment has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Atlas Crest Investment has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -3.23%

Earnings Growth

Earnings for Atlas Crest Investment are expected to decrease by -3.23% in the coming year, from $1.55 to $1.50 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Atlas Crest Investment is 7.37, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.61.

Price to Earnings Ratio vs. Sector

The P/E ratio of Atlas Crest Investment is 7.37, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 28.42.

Price to Book Value per Share Ratio

Atlas Crest Investment has a P/B Ratio of 2.39. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for ACIC.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Atlas Crest Investment does not currently pay a dividend.

Dividend Growth

Atlas Crest Investment does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for ACIC.

News and Social Media

• Score: 1.1 / 5
• News Sentiment: N/A

Search Interest

7 people have searched for ACIC on MarketBeat in the last 30 days. This is an increase of 600% compared to the previous 30 days.

MarketBeat Follows

1 people have added Atlas Crest Investment to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Atlas Crest Investment insiders have bought 55.39% more of their company's stock than they have sold. Specifically, they have bought $90,960.00 in company stock and sold $58,538.00 in company stock.

Percentage Held by Insiders

49.90% of the stock of Atlas Crest Investment is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 22.11% of the stock of Atlas Crest Investment is held by institutions.

ACIC Stock Analysis - Frequently Asked Questions

How were Atlas Crest Investment's earnings last quarter?

Atlas Crest Investment Corp. (NYSE:ACIC) announced its quarterly earnings data on Wednesday, November, 6th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.19. The business earned $82.14 million during the quarter, compared to analyst estimates of $84.51 million. Atlas Crest Investment had a trailing twelve-month return on equity of 41.41% and a net margin of 30.14%.

Who are Atlas Crest Investment's major shareholders?

Atlas Crest Investment's top institutional investors include Tieton Capital Management LLC (2.07%), Geode Capital Management LLC (1.20%), Martingale Asset Management L P (0.08%) and BNP Paribas Financial Markets (0.03%). Insiders that own company stock include William H Hood III, Christopher Griffith and Kern Michael Davis.
View institutional ownership trends.

What other stocks do shareholders of Atlas Crest Investment own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Atlas Crest Investment investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Arista Networks (ANET), Adobe (ADBE), e.l.f. Beauty (ELF) and Jabil (JBL).

Company Calendar

• Last Earnings: 11/06/2024
• Today: 11/17/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/06/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Fire, marine, & casualty insurance
• Sub-Industry: N/A
• Current Symbol: NYSE:ACIC
• CUSIP: N/A
• CIK: 1824502
• Web: www.atlascrestcorp.com
• Phone: 727-895-7737
• Fax: N/A
• Employees: 3
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $16.00
• High Stock Price Target: $16.00
• Low Stock Price Target: $16.00
• Potential Upside/Downside: +24.0%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.75
• Trailing P/E Ratio: 7.37
• Forward P/E Ratio: 8.32
• P/E Growth: N/A
• Net Income: $309.91 million
• Net Margins: 30.14%
• Pretax Margin: 39.08%
• Return on Equity: 41.41%
• Return on Assets: 7.71%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.74
• Quick Ratio: 0.76

Sales & Book Value

• Annual Sales: $286.54 million
• Price / Sales: 2.17
• Cash Flow: $2.30 per share
• Price / Cash Flow: 5.60
• Book Value: $5.39 per share
• Price / Book: 2.39

Miscellaneous

• Outstanding Shares: 48,210,000
• Free Float: 24,151,000
• Market Cap: $621.91 million
• Optionable: Optionable
• Beta: -0.26