Last Updated: 17 Sep 2024
Executive Summary
Cactus Acquisition Corp 1 Ltd (CCTS) is a real estate and construction company headquartered in Cranbury, New Jersey. The company has a market capitalization of $57.85 million and its latest stock price is $11.46. CCTS has a trailing price-to-earnings ratio of 29.23 and a price-to-book ratio of 2.749. The company's financial performance has been mixed, with a negative return on assets and equity in the past year. However, the company's earnings per share have grown by 0.39 in the past year.
Company Overview
Cactus Acquisition Corp 1 Ltd is a blank check company formed for the purpose of acquiring, merging with, or acquiring the assets of one or more businesses. The company has not yet completed any acquisitions and its business plan is currently unknown.
Fundamental Analysis
CCTS's financial performance has been mixed in recent years. The company has reported negative earnings in the past year, but its earnings per share have grown by 0.39 in the past year. The company's return on assets and equity are both negative, but its gross profit margin is positive.
Technical Analysis
CCTS's stock price has been trading in a range between $10.75 and $12.90 in the past year. The stock's 50-day moving average is $11.41 and its 200-day moving average is $11.26. The stock's relative strength index is 45.50, which indicates that the stock is neither overbought nor oversold.
Short Term Outlook
CCTS's stock price is currently trading near its 50-day moving average. The stock's technical indicators are mixed, with the relative strength index indicating that the stock is neither overbought nor oversold. The stock's price could continue to trade in a range in the short term.
Long Term Outlook
CCTS's long-term outlook is uncertain. The company has not yet completed any acquisitions and its business plan is currently unknown. The company's financial performance has been mixed in recent years, and it is unclear whether the company will be able to generate positive earnings in the future.
Analyst Recommendations
Analysts have not yet issued any recommendations for CCTS.
