Provident Acquisition (NASDAQ:PAQC – Get Rating) is one of 682 publicly-traded companies in the “Holding & other investment offices” industry, but how does it compare to its rivals? We will compare Provident Acquisition to similar companies based on the strength of its risk, dividends, profitability, valuation, institutional ownership, analyst recommendations and earnings.
This table compares Provident Acquisition and its rivals’ 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 table compares Provident Acquisition and its rivals gross 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||$1.22 billion||$61.54 million||-16.57|
Provident Acquisition’s rivals have higher revenue and earnings than Provident Acquisition. Provident Acquisition is trading at a higher price-to-earnings ratio than its rivals, indicating that it is currently more expensive than other companies in its industry.
This is a breakdown of current ratings for Provident Acquisition and its rivals, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Provident Acquisition Competitors||172||672||953||20||2.45|
As a group, “Holding & other investment offices” companies have a potential upside of 69.47%. Given Provident Acquisition’s rivals higher probable upside, analysts clearly believe Provident Acquisition has less favorable growth aspects than its rivals.
Institutional & Insider Ownership
64.9% of Provident Acquisition shares are held by institutional investors. Comparatively, 50.7% of shares of all “Holding & other investment offices” companies are held by institutional investors. 23.4% of shares of all “Holding & other investment offices” companies are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.
Provident Acquisition rivals beat Provident Acquisition on 6 of the 9 factors compared.
Provident Acquisition Company Profile (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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