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COVA Stock Overview

COVA Acquisition Corp. does not have significant operations. More details

COVA fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	1/6
Financial Health	0/6
Dividends	0/6

Risk Analysis

Negative shareholders equity

Debt is not well covered by operating cash flow

Makes less than USD$1m in revenue ($0)

Less than 3 years of financial data is available

Community vs My Fair Value

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COVA Acquisition Corp. Competitors

Sustainable Development Acquisition I

NasdaqCM:SDAC

US$104.9m

Agile Growth

NasdaqCM:AGGR

US$395.6m

Constellation Acquisition Corp I

OTCPK:CSTA.F

US$124.4m

DHC Acquisition

NasdaqCM:DHCA

US$101.7m

Price History & Performance

Summary of share price highs, lows and changes for COVA Acquisition
Historical stock prices
Current Share Price	US$10.55
52 Week High	US$11.32
52 Week Low	US$9.40
Beta	0
1 Month Change	5.08%
3 Month Change	6.24%
1 Year Change	8.65%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	n/a

Recent updates

Shareholder Returns

	COVA	US Capital Markets	US Market
7D	0.5%	-0.8%	-0.9%
1Y	8.7%	19.8%	8.4%

Return vs Industry: COVA exceeded the US Capital Markets industry which returned -22.5% over the past year.

Return vs Market: COVA exceeded the US Market which returned -22.1% over the past year.

Price Volatility

Is COVA's price volatile compared to industry and market?
COVA volatility
COVA Average Weekly Movement	2.6%
Capital Markets Industry Average Movement	4.0%
Market Average Movement	6.5%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	3.2%

Stable Share Price: COVA has not had significant price volatility in the past 3 months.

Volatility Over Time: COVA's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2020	n/a	Jun Hong Heng	www.covaacquisitioncorp.com

COVA 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 on businesses in the technology industry in Southeast Asia or the United States.

COVA Acquisition Corp. Fundamentals Summary

How do COVA Acquisition's earnings and revenue compare to its market cap?
COVA fundamental statistics
Market cap	US$395.63m
Earnings (TTM)	US$9.43m
Revenue (TTM)	n/a

42.0x

P/E Ratio

0.0x

P/S Ratio

Is COVA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
COVA income statement (TTM)
Revenue	US$0
Cost of Revenue	US$0
Gross Profit	US$0
Other Expenses	-US$9.43m
Earnings	US$9.43m

Last Reported Earnings

Sep 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.25
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	-6.2%

How did COVA perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2022/12/21 02:31
End of Day Share Price	2022/12/20 00:00
Earnings	2022/09/30
Annual Earnings	2021/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

COVA Acquisition Corp. is covered by 0 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

COVA Acquisition NasdaqCM:COVA Stock Report