Adit EdTech Acquisition (NYSEAM:ADEX) - Stock Price, News & Analysis

ADEX Stock Overview

Adit EdTech Acquisition Corp. does not have significant operations. More details

ADEX fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	0/6
Financial Health	0/6
Dividends	0/6

Risk Analysis

Negative shareholders equity

Highly volatile share price over the past 3 months

Debt is not well covered by operating cash flow

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

+ 1 more risk

Adit EdTech Acquisition Corp. Competitors

Great Elm Group

NasdaqGS:GEG

US$54.7m

Binah Capital Group

NasdaqGM:BCG

US$45.7m

Heritage Global

NasdaqCM:HGBL

US$62.1m

Marygold Companies

NYSEAM:MGLD

US$60.1m

Price History & Performance

Summary of all time highs, changes and price drops for Adit EdTech Acquisition
Historical stock prices
Current Share Price	US$5.38
52 Week High	US$12.39
52 Week Low	US$3.07
Beta	-0.23
11 Month Change	-38.23%
3 Month Change	-49.63%
1 Year Change	-46.94%
33 Year Change	n/a
5 Year Change	n/a
Change since IPO	-44.88%

Recent updates

Shareholder Returns

	ADEX	US Capital Markets	US Market
7D	41.2%	2.4%	2.0%
1Y	-46.9%	55.8%	32.4%

Return vs Industry: ADEX underperformed the US Capital Markets industry which returned 21.9% over the past year.

Return vs Market: ADEX underperformed the US Market which returned 24% over the past year.

Price Volatility

Is ADEX's price volatile compared to industry and market?
ADEX volatility
ADEX Average Weekly Movement	22.3%
Capital Markets Industry Average Movement	3.9%
Market Average Movement	6.3%
10% most volatile stocks in US Market	15.9%
10% least volatile stocks in US Market	3.1%

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

Volatility Over Time: ADEX's weekly volatility has increased from 12% to 22% over the past year.

About the Company

Founded	Employees	CEO	Website
2020	n/a	David Shrier	www.aditedtech.com

Adit EdTech Acquisition Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. Adit EdTech Acquisition Corp. was incorporated in 2020 and is based in New York, New York.

Adit EdTech Acquisition Corp. Fundamentals Summary

How do Adit EdTech Acquisition's earnings and revenue compare to its market cap?
ADEX fundamental statistics
Market cap	US$47.88m
Earnings (TTM)	-US$1.65m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-29.1x

P/E Ratio

Is ADEX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ADEX income statement (TTM)
Revenue	US$0
Cost of Revenue	US$0
Gross Profit	US$0
Other Expenses	US$1.65m
Earnings	-US$1.65m

Last Reported Earnings

Sep 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.18
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	-12.3%

How did ADEX perform over the long term?

See historical performance and comparison

Adit EdTech Acquisition NYSEAM:ADEX Stock Report