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Fintech Acquisition V (FTCV) Stock Overview
Fintech Acquisition Corp. V does not have significant operations. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 0/6 |
| Dividends | 0/6 |
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Fintech Acquisition Corp. V Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$10.06 |
| 52 Week High | US$10.09 |
| 52 Week Low | US$9.75 |
| Beta | 0 |
| 1 Month Change | 0.40% |
| 3 Month Change | 1.31% |
| 1 Year Change | 0.80% |
| 3 Year Change | n/a |
| 5 Year Change | n/a |
| Change since IPO | -5.72% |
Recent News & Updates
Online crypto brokerage EToro said to terminate deal to go public through a SPAC
Online crypto brokerage EToro and the SPAC that's taking it public are expected to let the deadline for their merger agreement to expire. The termination date for the $8.8 billion deal with Betsy Cohen's FinTech Acquisition Corp. V (NASDAQ:FTCV) was set to expire Thursday, according a report from The Information. FTCV had agreed in March 2021 to take stock- and cryptocurrency-trading platform eToro public via a SPAC merger, but the deal has reportedly run into regulatory problems as well as the stock market's volatility and plunge in crypto. The digital broker originally postponed the deal's completion date from the third quarter to Q4 of last year. Tel Aviv-based EToro primarily competes with Coinbase (COIN) as a consumer crypto-trading platform, but also offers stock-market trading similar to that of Robinhood Markets (HOOD). Wall Street originally embraced FTCV and eToro’s planned merger, with FinTech Acquisition Corp. V shares (FTCV) rallying 42.8% on the deal’s announcement. This is another SPAC that hasn't worked out for Cohen. Cohen's SPAC FTAC Athena Acquisition (FTAAU) terminated its agreement to take financial-connectivity firm Pico public at about a $1.8B valuation in late February.eToro Stands To Capitalize On The Rise Of The Apes
eToro is attempting to go public via a merger with a special purpose acquisition company. The company's social trading feature has presented both tailwinds and headwinds. Registered users and revenue continue to grow on the back of the pandemic.Fintech Acquisition Corp. V Target eToro Trades At A Discount To Its Peers (For Now)
eToro's funded accounts are ahead of their initial projections. Shares trade at a discount to their closest comps. Similar SPACs of European companies have flatlined only to jump later. The $10 SPAC floor provides downside protection while you wait.Recent updates
Shareholder Returns
| FTCV | US Capital Markets | US Market | |
|---|---|---|---|
| 7D | 0% | 4.1% | 1.6% |
| 1Y | 0.8% | 1.6% | 18.6% |
Return vs Industry: FTCV exceeded the US Capital Markets industry which returned -20.8% over the past year.
Return vs Market: FTCV exceeded the US Market which returned -20.7% over the past year.
Price Volatility
| FTCV volatility | |
|---|---|
| FTCV Average Weekly Movement | 0.1% |
| Capital Markets Industry Average Movement | 3.9% |
| Market Average Movement | 7.3% |
| 10% most volatile stocks in US Market | 16.7% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: FTCV has not had significant price volatility in the past 3 months.
Volatility Over Time: FTCV's weekly volatility (0%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2019 | n/a | Daniel Cohen | n/a |
Fintech Acquisition Corp. V does not have significant operations. It intends to focus on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination, with one or more businesses in the financial technology industry. The company was incorporated in 2019 and is based in Philadelphia, Pennsylvania.
Fintech Acquisition Corp. V Fundamentals Summary
| FTCV fundamental statistics | |
|---|---|
| Market cap | US$343.92m |
| Earnings (TTM) | US$17.11m |
| Revenue (TTM) | n/a |
Is FTCV overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| FTCV income statement (TTM) | |
|---|---|
| Revenue | US$0 |
| Cost of Revenue | US$0 |
| Gross Profit | US$0 |
| Other Expenses | -US$17.11m |
| Earnings | US$17.11m |
Last Reported Earnings
Sep 30, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.50 |
| Gross Margin | 0.00% |
| Net Profit Margin | 0.00% |
| Debt/Equity Ratio | -8.2% |
How did FTCV perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/12/12 05:10 |
| End of Day Share Price | 2022/12/08 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 |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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
Fintech Acquisition Corp. V is covered by 1 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Christopher Allen | Compass Point Research & Trading, LLC |