BYTE Acquisition (NASDAQ:BYTS) vs. CION Investment (NYSE:CION) Financial Analysis

BYTE Acquisition (NASDAQ:BYTSGet Rating) and CION Investment (NYSE:CIONGet Rating) are both small-cap unclassified companies, but which is the better stock? We will compare the two companies based on the strength of their institutional ownership, profitability, earnings, dividends, valuation, risk and analyst recommendations.

Valuation & Earnings

This table compares BYTE Acquisition and CION Investment’s gross revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
BYTE Acquisition N/A N/A $5.02 million N/A N/A
CION Investment $157.35 million 7.47 $118.76 million $1.11 9.33

CION Investment has higher revenue and earnings than BYTE Acquisition.

Insider and Institutional Ownership

62.5% of BYTE Acquisition shares are held by institutional investors. Comparatively, 3.5% of CION Investment shares are held by institutional investors. 0.1% of CION Investment shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.

Profitability

This table compares BYTE Acquisition and CION Investment’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
BYTE Acquisition N/A -73.88% 1.57%
CION Investment 47.28% 8.14% 4.27%

Analyst Ratings

This is a summary of recent ratings and price targets for BYTE Acquisition and CION Investment, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
BYTE Acquisition 0 0 0 0 N/A
CION Investment 0 1 0 0 2.00

CION Investment has a consensus target price of $11.50, suggesting a potential upside of 11.00%. Given CION Investment’s higher possible upside, analysts clearly believe CION Investment is more favorable than BYTE Acquisition.

Summary

CION Investment beats BYTE Acquisition on 7 of the 8 factors compared between the two stocks.

BYTE Acquisition Company Profile (Get Rating)

BYTE Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus its search for targets in the Israeli technology industry, including cybersecurity, automotive technology, fintech, enterprise software, cloud computing, semiconductors, medical technology, artificial intelligence, and robotics that offer technology platform and products. The company was incorporated in 2021 and is based in New York, New York.

CION Investment Company Profile (Get Rating)

CION Investment Corporation is a business development company. It specializes in investments in senior secured loans, including unitranche loans, First Lien, second lien loans, long-term subordinated loans, and mezzanine loans; equity interests such as warrants or options; and corporate bonds; and other debt securities in middle-market companies. The firm invests in growth capital, acquisitions, leveraged buyouts, market/product expansion, refinancing and recapitalization. The fund also invests up to 30 percent of their assets opportunistically in other types of investments, including the securities of larger public companies and foreign securities. It also makes investments in the secondary loan market. The fund does not invest in start-up companies, turnaround situations, or companies with speculative business plans. The fund prefers to invest in high tech industries, healthcare, pharmaceuticals, business services, media, chemicals, plastic, rubber, telecommunication, consumer services, advertising, printing and publishing, consumer goods, durables, diversified financials, and other industries. It also invests in homebuilding, restaurants, beverage and tobacco bars, broadcasting, distributors, Non-durable good distribution, food beverage and tobacco, energy, oil gas and consumables fuels, insurance, aerospace and defense, industrial machinery, paper and forest product machinery, information technology, metals and mining, and real estate. It primarily seeks to invest in the United States. The fund seeks to invest between $5 million and $50 million in companies with an EBITDA between $25 million and $75 million with average targeted hold of $25 million. It also purchases minority interests in the form of common or preferred equity in the target companies, typically in conjunction with its debt investments or through a co-investment with a financial sponsor. The fund seeks to exit its investments through an initial public offering of common stock, a merger, a sale, or other recapitalization.

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