American Drive Acquisition (ADAC) Stock Price, News & Analysis

Company Overview

American Drive Acquisition Corp. (NASDAQ: ADAC) is a special purpose acquisition company, or blank-check company. It was formed to identify and complete a business combination, such as a merger, capital stock exchange, asset acquisition or similar transaction, with one or more operating businesses.

The company has focused on opportunities in the automotive, transportation and mobility sectors. As a SPAC, American Drive Acquisition Corp. does not operate a traditional business offering products or services to customers; its principal activity is evaluating potential acquisition targets and pursuing a transaction that would result in a publicly traded operating company.

Because the company’s business depends on completing a future transaction, information about its ultimate products, geographic markets and operating leadership may change after a business combination. Publicly available information provides limited detail about its activities beyond its role as an acquisition vehicle.

Key Stats

• Today's Range: $10.09 to $10.10
• 50-Day Range: $10.04 to $10.17
• 52-Week Range: $9.85 to $10.73
• Volume: 659 shs
• Average Volume: 21,645 shs
• Market Capitalization: N/A
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: Sell

American Drive Acquisition Stock Analysis - MarketRank™

American Drive Acquisition scored higher than 9% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 0.7 / 5
• Analyst Rating: Sell

Consensus Rating

American Drive Acquisition has received a consensus rating of Sell. The company's average rating score is 1.00, and is based on no strong buy ratings, no buy ratings, no hold ratings, and 1 sell rating.

Amount of Analyst Coverage

American Drive Acquisition has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of American Drive Acquisition is -5,684.51, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of American Drive Acquisition is -5,684.51, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

American Drive Acquisition has a short interest ratio ("days to cover") of 0.11, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in American Drive Acquisition has recently decreased by 2.22%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

American Drive Acquisition does not currently pay a dividend.

Dividend Growth

American Drive Acquisition does not have a long track record of dividend growth.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: N/A

News Sentiment

American Drive Acquisition has a news sentiment score of 1.79. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.65 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 1 news article for American Drive Acquisition this week, compared to 1 article on an average week.

Company Ownership

• Score: N/A
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, American Drive Acquisition insiders have not sold or bought any company stock.

Percentage Held by Institutions

American Drive Acquisition has minimal institutional ownership at this time.

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Capital Markets
• Sub-Industry: Asset Management & Custody Banks
• Current Symbol: NASDAQ:ADAC
• CIK: 2083002
• Web: N/A
• Phone: (248) 890-7200
• Fax: N/A
• Employees: 2
• Year Founded: N/A

Profitability

• EPS (Trailing Twelve Months): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: N/A
• Free Float: N/A
• Market Cap: N/A
• Optionable: N/A
• Beta: N/A