Based on ratings from 0 stock analysts, the COVA Acquisition Corp. stock price is expected to decrease by 100% in 12 months. This is calculated by using the average 12-month stock price forecast for COVA Acquisition Corp.. The lowest target is $ and the highest is $. Please note analyst price targets are not guaranteed and could be missed completely.
COVA is a stock in which has been forecasted to be worth $ as an average. On the higher end, the forecast price is $ USD by from and on the lower end COVA is forecasted to be $ by from .
These are the latest 20 analyst ratings of COVA.
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When did it IPO
2021
Staff Count
0
Country
United States
Sector/Industry
/
CEO
Market Cap
$57.0M
In 2023, COVA generated $0 in revenue, which was a increase of 0.00% from the previous year. This can be seen as a signal that COVA's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Ecarx, backed by Geely, plans to finalize its U.S. SPAC listing by year-end, valuing the company at $3.8 billion. It generated $415 million in revenue last year, primarily from Geely.
Why It Matters - Ecarx's impending SPAC listing at a $3.8 billion valuation indicates growth potential and investor interest in smart car technology, impacting market dynamics and competition in the sector.
Summary - Smart car tech startup ECARX is going public via a merger with COVA Acquisition Corp, valuing the company at $3.8 billion, with a $45 million investment from Geely Holding Group.
Why It Matters - ECARX's SPAC merger at a $3.8 billion valuation and backing from Geely highlights growth potential in smart car tech, impacting market sentiment and investment opportunities in the sector.
Summary - Three new SPAC deals were announced last week, alongside earnings reports from several notable former SPACs.
Why It Matters - The announcement of new SPAC deals signals ongoing interest in alternative financing, while earnings from former SPACs provide insights into their performance and market viability.