How does COVA's PE Ratio compare to its peers?

COVA is expensive based on its Price-To-Earnings Ratio (42x) compared to the peer average (30x).

How does COVA's PE Ratio compare vs other companies in the US Capital Markets Industry?

COVA is expensive based on its Price-To-Earnings Ratio (42x) compared to the US Capital Markets industry average (27.2x)

What is COVA'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.

Insufficient data to calculate COVA's Price-To-Earnings Fair Ratio for valuation analysis.

What is the Fair Price of COVA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Insufficient data to calculate COVA's fair value for valuation analysis.

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

COVA Acquisition (Nasdaq:COVA) - Stock Price, News & Analysis

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

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$117.9m

DHC Acquisition

NasdaqCM:DHCA

US$101.7m

Price History & Performance

Summary of all time highs, changes and price drops 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
11 Month Change	5.08%
3 Month Change	6.24%
1 Year Change	8.65%
33 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%	2.5%	1.6%
1Y	8.7%	55.7%	32.3%

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	3.8%
Market Average Movement	6.3%
10% most volatile stocks in US Market	16.2%
10% least volatile stocks in US Market	3.1%

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

COVA Acquisition NasdaqCM:COVA Stock Report