Is CIIC stock worth now overvalued?
My view is that CIIC stock is worth now overvalued, as it is not worth more than $20.66. That puts it at least 26% overvalued. CIIG is a SPAC (special purpose acquisition company) that is going to use its own cash and equity raised from a PIPE (private investment in public equity) round to complete the business combination.
What is CIIC stock’s market cap?
Therefore, since CIIC stock has risen to $25.91 since the announcement, it now has a pro forma market capitalization of $15.706 billion (i.e., $25.91 times 606.179 million pro forma shares outstanding). Now to get the pro forma enterprise value we subtract the $669 million in cash, for an EV of $15.037 billion.
Why are tech stocks dropping and will they rebound?
Why Are Tech Stocks Dropping and Will They Rebound? Technology stocks are partially to blame right now for the market's overall tumble. With bond yields on the rise, tech-forward indexes are bearing the brunt. This especially includes the Nasdaq, but others like the S&P 500 aren't immune. Fed Chair Jerome Powell might be at the crux of the matter.
Will arrival be profitable when the CIIC-ups merger closes?
Moreover, Arrival already has $1.2 billion in orders, including 10,000 EV vans for UPS (NYSE: UPS ). Once the deal closes Arrival will receive $669 million in net cash and will have no debt. This is all that it needs to become profitable by 2023. Once the merger closes, CIIC stock (ARVL stock) will have 606.179 million shares outstanding.
What happens to CIIC stock after merger?
Following this, the combined company will be renamed Arrival and its ordinary shares and warrants will trade on the Nasdaq Global Select Market beginning on March 25, 2021 under the ticker symbols “ARVL” and “ARVLW” respectively. About CIIG Merger Corp.
Is ARVL a buy or sell?
There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Arrival stock. View analyst ratings for Arrival or view top-rated stocks.
Will CIIC stock change to ARVL?
At the close of the transaction CIIC stock will change its name to Arrival and the new symbol on Nasdaq composite will be ARVL. Arrival specializes in making electric buses and vans. It also has a unique, almost fully automated manufacturing process in what it calls “microfactories.”
When did CIIC merger date?
March 24, 2021Company:CIIG Merger Corp. Class A Common StockSymbol:CIICLast Trading Date:March 24, 2021Effective Date for Suspension:March 25, 2021Merger Consideration:One (1) Arrival Ordinary Share (ARVL) for each share held.1 more row•Mar 24, 2021
Will ARVL stock go up?
Stock Price Forecast The 5 analysts offering 12-month price forecasts for Arrival SA have a median target of 5.11, with a high estimate of 12.08 and a low estimate of 3.40. The median estimate represents a +235.96% increase from the last price of 1.52.
Can I buy stock in rivian automotive?
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Who owns ARVL?
Arrival has remained a Russian-owned and operated company with >75% of shares owned by Denis Sverdlov himself since the company's IPO on the NASDAQ stock exchange ($ARVL).
What's happening to Arrival?
Arrival ended 2021 with more than $900 million on its balance sheet and the company expects to end 2022 with about $150 million. By the end of the year, Arrival should have two operational microfactories producing revenue. The factories should account for roughly $100 million of the cash Arrival is spending.
Should you invest in Arrival?
Conclusion. Arrival is a very promising young company that will focus on EV vans and buses to start with. It expects four vehicle designs to be in the market by 2023, with start of production for the first vehicle planned for Q4 2021.
Who is Arrival merging with?
CIIG Merger CorpLONDON — British electric vehicle manufacturer Arrival began trading on the Nasdaq Thursday following a merger with a U.S. blank-check company. The company finalized its combination with CIIG Merger Corp, a special purpose acquisition company (SPAC) set up by former Marvel CEO Peter Cuneo, on Wednesday.
How can I buy Arrival shares?
How to buy shares in ArrivalChoose a platform. If you're a beginner, our share-dealing table below can help you choose.Open your account. ... Confirm your payment details. ... Search the platform for stock code: ARVL in this case.Research Arrival shares. ... Buy your Arrival shares.
Will Powell's testimony cause tech stocks to keep retreating?
Powell's testimony could cause big tech stocks to keep retreating. The U.S. unemployment rate seemed to have been on the up and up in recent months, with numbers shrinking as low as six percent (much healthier than the 2020 peak of 14.7 percent in April of that year). Powell, who will speak before the Senate Banking Committee and, subsequently, ...
Is AMC thriving?
Meanwhile, AMC Entertainment (NYSE: AMC) is thriving after movie theater restrictions were lifted in New York City. This mild silver lining isn't likely to outlast the tech stock tumble, although swifter stimulus approvals could speed up the sector's recovery.
Is overvaluation a concern in the tech sector?
Overvaluation is also a key concern in the tech sector, and high-priced shares could suffer the largest consequences. Signs of a bubble have presented themselves over the last few quarters, including market euphoria, profit-taking, and (as we see now) panic.
Will tech stocks rebound?
A lot of the market behavior in the tech sector can be traced back to fears of inflation. This is a valid concern, but the economic stimulus isn't avoidable—particularly given the potential for troubled economic standing.