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LAX Stock Overview

8i Acquisition 2 Corp. does not have significant operations. More details

LAX fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	2/6
Past Performance	0/6
Financial Health	0/6
Dividends	0/6

Rewards

Revenue is forecast to grow 95.17% per year

Risk Analysis

Has less than 1 year of cash runway

Negative shareholders equity

Highly volatile share price over the past 3 months

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

+ 4 more risks

My Notes

Capture your thoughts, links and company narrative

8i Acquisition 2 Corp. Competitors

Santech Holdings

NasdaqCM:STEC

US$15.9m

Hennessy Advisors

NasdaqGM:HNNA

US$96.5m

Distoken Acquisition

NasdaqGM:DIST

US$35.6m

Four Leaf Acquisition

NasdaqCM:FORL

US$45.9m

Price History & Performance

Summary of share price highs, lows and changes for 8i Acquisition 2
Historical stock prices
Current Share Price	US$5.21
52 Week High	US$10.50
52 Week Low	US$4.07
Beta	0
1 Month Change	-48.06%
3 Month Change	-47.59%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-46.01%

Recent updates

Shareholder Returns

	LAX	US Capital Markets	US Market
7D	-19.7%	1.7%	1.2%
1Y	n/a	41.5%	23.7%

Return vs Industry: Insufficient data to determine how LAX performed against the US Capital Markets industry.

Return vs Market: Insufficient data to determine how LAX performed against the US Market.

Price Volatility

Is LAX's price volatile compared to industry and market?
LAX volatility
LAX Average Weekly Movement	17.0%
Capital Markets Industry Average Movement	3.5%
Market Average Movement	5.9%
10% most volatile stocks in US Market	18.0%
10% least volatile stocks in US Market	3.0%

Stable Share Price: LAX's share price has been volatile over the past 3 months.

Volatility Over Time: LAX's weekly volatility has increased from 9% to 17% over the past year.

About the Company

Founded	Employees	CEO	Website
2021	n/a	James Tan	www.8icorp.com

8i Acquisition 2 Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses primarily in Asia. The company was incorporated in 2021 and is based in Singapore.

8i Acquisition 2 Corp. Fundamentals Summary

How do 8i Acquisition 2's earnings and revenue compare to its market cap?
LAX fundamental statistics
Market cap	US$57.69m
Earnings (TTM)	-US$1.76m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-32.7x

P/E Ratio

Is LAX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
LAX income statement (TTM)
Revenue	US$0
Cost of Revenue	US$0
Gross Profit	US$0
Other Expenses	US$1.76m
Earnings	-US$1.76m

Last Reported Earnings

Jul 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-0.16
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	-21.6%

How did LAX perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2022/11/18 14:03
End of Day Share Price	2022/11/17 00:00
Earnings	2022/07/31
Annual Earnings	2022/07/31

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

8i Acquisition 2 Corp. is covered by 1 analysts. 1 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
Siddharth Rajeev	Fundamental Research Corp.

8i Acquisition 2NasdaqGM:LAX Stock Report