MIT Stock Overview
Mason Industrial Technology, Inc. does not have significant operations.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$9.72|
|52 Week High||US$9.90|
|52 Week Low||US$9.41|
|1 Month Change||0.21%|
|3 Month Change||-0.41%|
|1 Year Change||n/a|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||0.21%|
Recent News & Updates
|MIT||US Capital Markets||US Market|
Return vs Industry: Insufficient data to determine how MIT performed against the US Capital Markets industry.
Return vs Market: Insufficient data to determine how MIT performed against the US Market.
|MIT Average Weekly Movement||0.4%|
|Capital Markets Industry Average Movement||0.7%|
|Market Average Movement||6.7%|
|10% most volatile stocks in US Market||15.6%|
|10% least volatile stocks in US Market||2.4%|
Stable Share Price: MIT is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 0% a week.
Volatility Over Time: MIT's weekly volatility (0%) has been stable over the past year.
About the Company
Mason Industrial Technology, Inc. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.
Mason Industrial Technology Fundamentals Summary
|MIT fundamental statistics|
Is MIT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MIT income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Dec 31, 2020
Next Earnings Date
|Earnings per share (EPS)||-0.004|
|Net Profit Margin||0.00%|
How did MIT perform over the long term?See historical performance and comparison
Is Mason Industrial Technology undervalued compared to its fair value and its price relative to the market?
In this section, we usually try to help investors determine whether Mason Industrial Technology is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Mason Industrial Technology has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.
This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.
How is Mason Industrial Technology forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Diversified Financials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Mason Industrial Technology has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Mason Industrial Technology performed over the past 5 years?
Historical Diversified Financials annual earnings growth
Earnings and Revenue History
Quality Earnings: MIT is currently unprofitable.
Growing Profit Margin: MIT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: Unable to establish if MIT's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.
Accelerating Growth: Unable to compare MIT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MIT is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (84.5%).
Return on Equity
High ROE: MIT's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
How is Mason Industrial Technology's financial position?
Financial Position Analysis
Short Term Liabilities: MIT has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: MIT has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: MIT has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: MIT's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: MIT's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if MIT's interest payments on its debt are well covered by EBIT.
What is Mason Industrial Technology current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MIT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MIT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MIT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MIT's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MIT's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Ed Rose (59 yo)
Mr. Edward Arthur Rose III, also known as Ed, is the Chief Executive Officer and Director at Mason Industrial Technology, Inc. He serves as Senior Partner at Mill Rock Capital Management LP since 2018. He...
Experienced Board: MIT's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: MIT only recently listed within the past 12 months.
Mason Industrial Technology, Inc.'s employee growth, exchange listings and data sources
- Name: Mason Industrial Technology, Inc.
- Ticker: MIT
- Exchange: NYSE
- Founded: 2020
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Implied Market Cap: US$607.500m
- Shares outstanding: 62.50m
- Website: https://www.masonitech.com
- Mason Industrial Technology, Inc.
- 110 East 59th Street
- New York
- New York
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/21 23:58|
|End of Day Share Price||2022/01/21 00:00|
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 here.