OTEC
Price:
$11.75
Market Cap:
$41.10M
OceanTech Acquisitions I Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization/similar business combination with one/more businesses in the leisure marine, yachting, and superyachting industries. OceanTech Acquisitions I Corp. was incorporated in 2021 and is based in New York, New York.
Industry
Shell Companies
IPO Date
2021-07-21
Stock Exchange
NASDAQ
Ticker
OTEC
According to OceanTech Acquisitions I Corp.’s latest financial reports and current stock price. The company's current ROE is -50.41%. This represents a change of -378.83% compared to the average of 18.08% of the last 4 quarters.
The mean historical ROE of OceanTech Acquisitions I Corp. over the last ten years is 55.71%. The current -50.41% ROE has changed -190.48% with respect to the historical average. Over the past ten years (40 quarters), OTEC's ROE was at its highest in in the June 2023 quarter at 37.90%. The ROE was at its lowest in in the March 2023 quarter at -10.16%.
Average
55.71%
Median
57.44%
Minimum
0.00%
Maximum
109.69%
Discovering the peaks and valleys of OceanTech Acquisitions I 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 = 1.68%
Maximum Annual ROE = 109.69%
Minimum Annual Increase = 0%
Minimum Annual ROE = 0.00%
| Year | ROE | Change |
|---|---|---|
| 2023 | 109.69% | 90.99% |
| 2022 | 57.44% | 1.68% |
The current ROE of OceanTech Acquisitions I Corp. (OTEC) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
55.71%
5-year avg
55.71%
10-year avg
55.71%
OceanTech Acquisitions I Corp.’s ROE is less than Mountain Crest Acquisition Corp. IV (-0.26%), less than Nova Vision Acquisition Corporation (-0.46%), less than SHUAA Partners Acquisition Corp I (3.27%), greater than LAMF Global Ventures Corp. I (-2.63%), less than PowerUp Acquisition Corp. (236.35%), less than China Health Management Corp. (3.49%), greater than Glori Energy Inc. (-3846.13%), less than Absolute Health and Fitness, Inc. (0%), less than Embrace Change Acquisition Corp. (1.34%), less than Supurva Healthcare Group, Inc. (0%), greater than TransAKT Ltd. (-1.37%), greater than Future Health ESG Corp. (-1.44%), greater than Maquia Capital Acquisition Corporation (-36.44%), greater than Goldenstone Acquisition Limited (-7.30%), less than AxonPrime Infrastructure Acquisition Corporation (0%), greater than Vector Acquisition Corporation II (-46.42%), less than Compass Digital Acquisition Corp. (66.21%), less than TKB Critical Technologies 1 (94.46%), greater than Achari Ventures Holdings Corp. I (-113.07%), greater than AlphaVest Acquisition Corp (-4.35%), greater than Deep Medicine Acquisition Corp. (-5607.95%),
| Company | ROE | Market cap |
|---|---|---|
| -0.26% | $49.22M | |
| -0.46% | $73.19M | |
| 3.27% | $57.89M | |
| -2.63% | $101.31M | |
| 236.35% | $71.75M | |
| 3.49% | $216.66K | |
| -3846.13% | $3.24K | |
| 0% | $674.32K | |
| 1.34% | $49.72M | |
| 0% | $29.31K | |
| -1.37% | $267.01K | |
| -1.44% | $66.76M | |
| -36.44% | $209.18M | |
| -7.30% | $25.27M | |
| 0% | $193.69M | |
| -46.42% | $173.46M | |
| 66.21% | $83.68M | |
| 94.46% | $76.85M | |
| -113.07% | $31.46M | |
| -4.35% | $32.12M | |
| -5607.95% | $12.90M |
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How does the current ROE for OceanTech Acquisitions I Corp. (OTEC) compare to its historical average?