LATG Stock Intrinsic Value – Chenghe Acquisition I Receives Nasdaq Notice for Late Form 10-Q Filing
December 29, 2023
🌥️Trending News
Chenghe Acquisition I ($NASDAQ:LATG), a publicly traded company on Nasdaq, has recently received a notice about their late filing of the Form 10-Q. In this case, Chenghe Acquisition I failed to meet that deadline. The Nasdaq has warned that failure to submit the required report in a timely manner could result in delisting proceedings.
Chenghe Acquisition I has stated that they are working closely with their auditors to ensure they meet all Nasdaq listing standards and avoid any potential delisting. The company also notes that they are confident they can fully comply with the Nasdaq’s requirements within the allotted time frame.
Market Price
On Wednesday, CHENGHE ACQUISITION I, a Nasdaq-listed stock, opened and closed at $11.0. This was a 0.1% increase from the previous closing price of $11.0.
However, the company has recently been notified by Nasdaq for a late filing of its Form 10-Q. The Nasdaq notice comes as a reminder to the company to file its Form 10-Q as soon as possible. Investors should keep an eye on any further developments regarding this issue. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for LATG. More…
| Total Revenues | Net Income | Net Margin |
| 0 | 4.43 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for LATG. More…
| Operations | Investing | Financing |
| -0.48 | 0 | 0 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for LATG. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 136.96 | 6.16 | 8.05 |
Key Ratios Snapshot
Some of the financial key ratios for LATG are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | – |
| FCF Margin | ROE | ROA |
| – | -0.7% | -0.7% |
Analysis – LATG Stock Intrinsic Value
We at GoodWhale have conducted an analysis of CHENGHE ACQUISITION I’s financials and have determined that the intrinsic value of CHENGHE ACQUISITION I share is around $16.0. This was calculated using our proprietary Valuation Line. Currently, CHENGHE ACQUISITION I stock is being traded around $11.0, representing a 31.3% undervaluation from the stock’s intrinsic value. This could represent a good opportunity to invest, as the stock is trading at a lower price than its intrinsic worth. More…
Peers
LatAmGrowth SPAC is one of the leading special-purpose acquisition companies (SPACs) operating in Latin America. It is joined by Abri SPAC I Inc, G Squared Ascend II Inc, and two other competitors in the field of Latin American mergers and acquisitions. These four entities are working to identify and acquire promising businesses and help them become public companies via the SPAC process.
– Abri SPAC I Inc ($NASDAQ:ASPA)
Abri SPAC I Inc is a Special Purpose Acquisition Company, also known as a SPAC, which is an entity used to raise capital for the purpose of acquiring another business or assets. The company has a market cap of 31.86M as of 2023, reflecting the sentiment of the market towards the company and its potential future performance. Additionally, the company has a Return on Equity (ROE) of -23.54%, which is an indication of how well the company is using its shareholders’ equity to generate returns. Overall, this information reflects that Abri SPAC I Inc has a relatively small market cap and is not performing as well as investors had expected.
– G Squared Ascend II Inc ($NYSE:GSQB)
Cboe Global Markets, Inc. (CBOE) is a global exchange, clearinghouse and trade execution platform, whose market cap is 106.18M as of 2023. It provides trading and investment solutions to institutions, professional traders and investors, and offers a range of services including market data, trading tools and access to global markets. Its Return on Equity (ROE) is -0.71%, which indicates the company’s underperformance compared to its peers. CBOE’s key products are options on indices, stocks, ETFs, volatility and foreign exchange. The company’s services are also available across Europe, Asia Pacific and Latin America.
Summary
Chenghe Acquisition I recently received a notice from Nasdaq that they had not filed their quarterly 10-Q form on time. This could cause serious issues for the company, as Nasdaq is likely to impose a penalty or possible delisting of the stock if corrective action is not taken quickly. Investors should be aware of the potential risks associated with this stock and make sure to review all relevant information before making any decisions. Chenghe Acquisition I’s management team will be focusing on submitting their 10-Q form as soon as possible in order to avoid any further penalties.
Additionally, investors should also consider any future updates on the company’s operations and financials before investing in it. Overall, investors should exercise caution when considering Chenghe Acquisition I as an investment opportunity.
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