NLIT
Price:
$10.31
Market Cap:
$643.17K
Northern Lights Acquisition Corp. currently possesses no substantive commercial operations. Its explicit goal is to execute a strategic business combination—such as a merger, stock swap, asset purchase, or corporate restructuring—with one or more entities operating within the cannabis sector. Established in 2021, this enterprise maintains its corporate headquarters in New York, New York.
Industry
Shell Companies
IPO Date
2021-08-18
Stock Exchange
NASDAQ
Ticker
NLIT
According to Northern Lights Acquisition Corp.’s latest financial reports and current stock price. The company's current ROE is -303.81%. This represents a change of 4.62% compared to the average of -6.44% of the last 4 quarters.
The mean historical ROE of Northern Lights Acquisition Corp. over the last ten years is -34.68%. The current -303.81% ROE has changed 776.13% with respect to the historical average. Over the past ten years (40 quarters), NLIT's ROE was at its highest in in the March 2021 quarter at 3.67%. The ROE was at its lowest in in the December 2022 quarter at -724.06%.
Average
-34.68%
Median
9.27%
Minimum
-687.02%
Maximum
393.22%
Discovering the peaks and valleys of Northern Lights Acquisition Corp. ROE, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 0%
Maximum Annual ROE = 393.22%
Minimum Annual Increase = -1634.00%
Minimum Annual ROE = -687.02%
| Year | ROE | Change |
|---|---|---|
| 2025 | -26.24% | -106.67% |
| 2024 | 393.22% | -881.80% |
| 2023 | -50.30% | -92.68% |
| 2022 | -687.02% | -1634.00% |
| 2021 | 44.79% | -61.88% |
The current ROE of Northern Lights Acquisition Corp. (NLIT) is less than than its 3-year, greater than its 5-year, and greater than its 10-year historical averages
3-year avg
105.56%
5-year avg
-65.11%
10-year avg
-34.68%
Northern Lights Acquisition Corp.’s ROE is less than Frontier Acquisition Corp. (0.85%), less than UTA Acquisition Corporation (0%), less than FinTech Evolution Acquisition Group (3.52%), less than Jaws Mustang Acquisition Corporation (12.05%), less than Corsair Partnering Corporation (10.45%), less than LDH Growth Corp I (0%), less than Social Capital Suvretta Holdings Corp. II (2.59%), less than Sculptor Acquisition Corp I (15.88%), less than Waverley Capital Acquisition Corp. 1 (2.40%), less than Zalatoris II Acquisition Corp. (0.92%),
| Company | ROE | Market cap |
|---|---|---|
| 0.85% | $299.10M | |
| 0% | $306.91M | |
| 3.52% | $348.80M | |
| 12.05% | $306.45M | |
| 10.45% | $308.38M | |
| 0% | $293.54M | |
| 2.59% | $330.22M | |
| 15.88% | $302.45M | |
| 2.40% | $280.14M | |
| 0.92% | $132.65M |
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