BYTE Acquisition Corp. (BYTS) Stock

About BYTE Acquisition Corp.

BYTE Acquisition Corp. currently lacks substantive commercial operations. Its primary objective is to complete a business combination, such as a merger, asset acquisition, or share exchange, with one or more entities. The company's strategic search for potential targets is concentrated within the Israeli technology industry, encompassing sectors like cybersecurity, automotive technology, fintech, enterprise software, cloud computing, semiconductors, medical technology, artificial intelligence, and robotics. Established in 2021, the firm is headquartered in New York, New York.

BYTE Acquisition Corp. is headquartered in US.

BYTE Acquisition Corp. (BYTS) stock trades at $6.49 with a market capitalization of $71.13M. The stock is valued at a price-to-earnings (P/E) ratio of 49.92, a negative price-to-book of -0.03, reflecting negative shareholders' equity, price-to-sales of -12.93. Over the past 52 weeks the stock has ranged between $5.28 and $13.36, and currently trades 51.4% below its 52-week high.

On profitability, BYTE Acquisition Corp. generates a return on equity (ROE) of -112.83% (not meaningful, as shareholders' equity is negative), return on capital employed of -73.78%.

Official website: bytespac.com