Last Updated: 13 Nov 2024
Executive Summary
Waldencast Acquisition Corp (WALD) is a blank check company focused on acquiring a business in the technology, media, or telecommunications sectors. The company has a market capitalization of $453.56 million and is traded on the NASDAQ exchange.
Company Overview
Waldencast Acquisition Corp was founded in 2021 and is headquartered in White Plains, New York. The company's management team has extensive experience in the technology, media, and telecommunications industries.
Fundamental Analysis
Waldencast Acquisition Corp has not yet generated any revenue or earnings. The company's financial statements are therefore limited to its balance sheet and cash flow statement.
As of June 30, 2024, Waldencast Acquisition Corp had $453.56 million in cash and cash equivalents. The company also had $164.24 million in total debt.
Technical Analysis
Waldencast Acquisition Corp's stock price has been trading in a range between $2.405 and $12 over the past 52 weeks. The stock is currently trading at $3.47, which is near the bottom of its 52-week range.
The stock's technical indicators are mixed. The relative strength index (RSI) is below 50, which indicates that the stock is oversold. However, the moving average convergence divergence (MACD) is above zero, which indicates that the stock is in a bullish trend.
Short Term Outlook
The short-term outlook for Waldencast Acquisition Corp is mixed. The stock is currently trading near the bottom of its 52-week range and its technical indicators are mixed. However, the company has a strong management team and a large amount of cash on hand.
Long Term Outlook
The long-term outlook for Waldencast Acquisition Corp is positive. The company is focused on acquiring a business in the technology, media, or telecommunications sectors, which are all growing industries. The company's management team has a proven track record of success in these industries.
Analyst Recommendations
The majority of analysts who cover Waldencast Acquisition Corp have a buy rating on the stock. The average analyst target price is $5.56, which represents a potential upside of over 60% from the current price.
