Provident Acquisition (NASDAQ:PAQC – Get Rating) is one of 681 publicly-traded companies in the “Holding & other investment offices” industry, but how does it contrast to its competitors? We will compare Provident Acquisition to related companies based on the strength of its analyst recommendations, profitability, risk, institutional ownership, valuation, earnings and dividends.
Institutional & Insider Ownership
64.9% of Provident Acquisition shares are owned by institutional investors. Comparatively, 53.9% of shares of all “Holding & other investment offices” companies are owned by institutional investors. 19.2% of shares of all “Holding & other investment offices” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.
This table compares Provident Acquisition and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Provident Acquisition Competitors||49.62%||-28.80%||2.69%|
This is a breakdown of current recommendations and price targets for Provident Acquisition and its competitors, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Provident Acquisition Competitors||174||678||956||20||2.45|
As a group, “Holding & other investment offices” companies have a potential upside of 74.89%. Given Provident Acquisition’s competitors higher possible upside, analysts clearly believe Provident Acquisition has less favorable growth aspects than its competitors.
Earnings & Valuation
This table compares Provident Acquisition and its competitors top-line revenue, earnings per share and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Provident Acquisition||N/A||$10.60 million||8.36|
|Provident Acquisition Competitors||$1.23 billion||$71.90 million||-17.47|
Provident Acquisition’s competitors have higher revenue and earnings than Provident Acquisition. Provident Acquisition is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.
Provident Acquisition competitors beat Provident Acquisition on 6 of the 9 factors compared.
About Provident Acquisition (Get Rating)
Provident Acquisition Corp. 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. The company was incorporated in 2020 and is based in Central, Hong Kong.
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