Ascendant Digital Acquisition III (NYSE:ACDI.U) - Stock Price, News & Analysis

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ACDI.U Stock Overview

Ascendant Digital Acquisition Corp. III does not have significant operations.

About the company

ACDI.U fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	1/6
Financial Health	3/6
Dividends	0/6

Rewards

Price-To-Earnings ratio (26.3x) is below the Capital Markets industry average (28.2x)

Risk Analysis

Negative shareholders equity

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

Less than 3 years of financial data is available

Ascendant Digital Acquisition Corp. III Competitors

Rigel Resource Acquisition

NYSE:RRAC

US$353.1m

ESM Acquisition

NYSE:ESM

US$391.3m

FinServ Acquisition II

NasdaqCM:FSRX

US$96.6m

Ahren Acquisition

NasdaqGM:AHRN

US$393.4m

Price History & Performance

Summary of all time highs, changes and price drops for Ascendant Digital Acquisition III
Historical stock prices
Current Share Price	US$10.37
52 Week High	US$10.50
52 Week Low	US$10.00
Beta	0
1 Month Change	0.29%
3 Month Change	1.47%
1 Year Change	2.47%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	2.78%

Recent updates

Shareholder Returns

	ACDI.U	US Capital Markets	US Market
7D	0%	0.8%	0.9%
1Y	2.5%	20.6%	23.4%

Return vs Industry: ACDI.U exceeded the US Capital Markets industry which returned -5.8% over the past year.

Return vs Market: ACDI.U exceeded the US Market which returned -7.5% over the past year.

Price Volatility

Is ACDI.U's price volatile compared to industry and market?
ACDI.U volatility
ACDI.U Average Weekly Movement	0.3%
Capital Markets Industry Average Movement	2.2%
Market Average Movement	6.3%
10% most volatile stocks in US Market	16.6%
10% least volatile stocks in US Market	3.0%

Stable Share Price: ACDI.U is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 0% a week.

Volatility Over Time: Insufficient data to determine ACDI.U's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2021	n/a	Mark Gerhard	https://www.ascendant.digital

Ascendant Digital Acquisition Corp. III does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the interactive entertainment, film/television, music, print and digital books, e-sports, live events, and other forms of consumer entertainment, and enabling services and technologies sectors. The company was incorporated in 2021 and is based in New York, New York.

Ascendant Digital Acquisition Corp. III Fundamentals Summary

How do Ascendant Digital Acquisition III's earnings and revenue compare to its market cap?
ACDI.U fundamental statistics
Market Cap	US$389.25m
Earnings (TTM)	US$14.81m
Revenue (TTM)	n/a

26.3x

P/E Ratio

0.0x

P/S Ratio

Is ACDI.U overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
ACDI.U income statement (TTM)
Revenue	US$0
Cost of Revenue	US$0
Gross Profit	US$0
Other Expenses	-US$14.81m
Earnings	US$14.81m

Last Reported Earnings

Sep 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.40
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did ACDI.U perform over the long term?

See historical performance and comparison

Ascendant Digital Acquisition III NYSE:ACDI.U Stock Report