BYTS Stock Overview
BYTE Acquisition Corp. does not have significant operations.
BYTE Acquisition Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$9.90|
|52 Week High||US$9.92|
|52 Week Low||US$9.66|
|1 Month Change||0.41%|
|3 Month Change||1.12%|
|1 Year Change||1.64%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||1.02%|
Recent News & Updates
|BYTS||US Capital Markets||US Market|
Return vs Industry: BYTS exceeded the US Capital Markets industry which returned -20.7% over the past year.
Return vs Market: BYTS exceeded the US Market which returned -18.2% over the past year.
|BYTS Average Weekly Movement||0.3%|
|Capital Markets Industry Average Movement||0.4%|
|Market Average Movement||6.9%|
|10% most volatile stocks in US Market||15.5%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: BYTS is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 0% a week.
Volatility Over Time: BYTS's weekly volatility (0%) has been stable over the past year.
About the Company
BYTE Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus its search for targets in the Israeli technology industry, including cybersecurity, automotive technology, fintech, enterprise software, cloud computing, semiconductors, medical technology, artificial intelligence, and robotics.
BYTE Acquisition Fundamentals Summary
|BYTS fundamental statistics|
Is BYTS overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|BYTS income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||0.44|
|Net Profit Margin||0.00%|
How did BYTS perform over the long term?See historical performance and comparison
Is BYTS undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for BYTS?
Other financial metrics that can be useful for relative valuation.
|What is BYTS's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does BYTS's PE Ratio compare to its peers?
|BYTS PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
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BYTS BYTE Acquisition
Price-To-Earnings vs Peers: BYTS is good value based on its Price-To-Earnings Ratio (22.6x) compared to the peer average (44.7x).
Price to Earnings Ratio vs Industry
How does BYTS's PE Ratio compare vs other companies in the US Capital Markets Industry?
Price-To-Earnings vs Industry: BYTS is good value based on its Price-To-Earnings Ratio (22.6x) compared to the US Capital Markets industry average (25.1x)
Price to Earnings Ratio vs Fair Ratio
What is BYTS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||22.6x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate BYTS's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of BYTS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: Insufficient data to calculate BYTS's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate BYTS's fair value for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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How is BYTE Acquisition forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted Diversified Financials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as BYTE Acquisition has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
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- Take a look at our analysis of BYTS’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
How has BYTE Acquisition performed over the past 5 years?
Past Performance Score1/6
Past Performance Score 1/6
Growing Profit Margin
Earnings vs Industry
Historical Diversified Financials annual earnings growth
Earnings and Revenue History
Quality Earnings: BYTS has high quality earnings.
Growing Profit Margin: Insufficient data to determine if BYTS's profit margins have improved over the past year.
Past Earnings Growth Analysis
Earnings Trend: Unable to establish if BYTS's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.
Accelerating Growth: Unable to compare BYTS's past year earnings growth to its 5-year average as it has been trading publicly for less than 3 years.
Earnings vs Industry: Insufficient data to determine if BYTS's earnings growth over the past year exceeded the Capital Markets industry average.
Return on Equity
High ROE: BYTS's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
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How is BYTE Acquisition's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: BYTS has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: BYTS has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: BYTS is debt free.
Reducing Debt: BYTS's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: BYTS has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: BYTS has no debt, therefore coverage of interest payments is not a concern.
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What is BYTE Acquisition current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
|BYTE Acquisition Dividend Yield vs Market|
|Company (BYTE Acquisition)||n/a|
|Market Bottom 25% (US)||1.6%|
|Market Top 25% (US)||4.5%|
|Industry Average (Capital Markets)||2.8%|
|Analyst forecast in 3 Years (BYTE Acquisition)||n/a|
Notable Dividend: Unable to evaluate BYTS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate BYTS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if BYTS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if BYTS's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as BYTS has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Danny Yamin (63 yo)
Mr. Danny Yamin serves as Chief Executive Officer and Director of BYTE Acquisition Corp. since January 2021. Mr. Yamin serves as a Member of Advisory Council at Skylake Capital. He serves as Partner at Kua...
Experienced Board: BYTS's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
BYTE Acquisition Corp.'s employee growth, exchange listings and data sources
- Name: BYTE Acquisition Corp.
- Ticker: BYTS
- Exchange: NasdaqCM
- Founded: 2021
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Implied Market Cap: US$410.766m
- Shares outstanding: 41.49m
- Website: https://bytespac.com
- BYTE Acquisition Corp.
- 445 Park Avenue
- 9th Floor
- New York
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BYTS.U||NasdaqCM (Nasdaq Capital Market)||Units||US||USD||Mar 2021|
|BYTS||NasdaqCM (Nasdaq Capital Market)||Yes||Class A Ordinary Shares||US||USD||May 2021|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/10/05 00:00|
|End of Day Share Price||2022/10/05 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.