TETCU
Price:
$10.2
Market Cap:
$489.67M
Presently, Tech and Energy Transition Corporation does not engage in significant business operations. Its primary mandate is to execute a strategic amalgamation, such as a merger, asset purchase, stock swap, corporate restructuring, or comparable arrangement, with one or multiple existing businesses. Formed in 2017 and based in New York, New York, the entity underwent a name change in December 2020, transitioning from M Acquisition Company IV Corporation to its current designation, Tech and Energy Transition Corporation.
Industry
Shell Companies
IPO Date
2021-03-12
Stock Exchange
NASDAQ
Ticker
TETCU
According to Tech and Energy Transition Corporation’s latest financial reports and current stock price. The company's current ROE is 6.68%. This represents a change of 214.00% compared to the average of 2.13% of the last 4 quarters.
The mean historical ROE of Tech and Energy Transition Corporation over the last ten years is 0.25%. The current 6.68% ROE has changed 2.61% with respect to the historical average. Over the past ten years (40 quarters), TETCU's ROE was at its highest in in the March 2022 quarter at 5.92%. The ROE was at its lowest in in the December 2020 quarter at -2.42%.
Average
0.25%
Median
-1.19%
Minimum
-3.23%
Maximum
6.59%
Discovering the peaks and valleys of Tech and Energy Transition Corporation 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 = 776.49%
Maximum Annual ROE = 6.59%
Minimum Annual Increase = -123.29%
Minimum Annual ROE = -3.23%
| Year | ROE | Change |
|---|---|---|
| 2022 | 6.59% | 776.49% |
| 2021 | 0.75% | -123.29% |
| 2020 | -3.23% | 3.23% |
The current ROE of Tech and Energy Transition Corporation (TETCU) 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
1.37%
5-year avg
0.25%
10-year avg
0.25%
Tech and Energy Transition Corporation’s ROE is greater than Decarbonization Plus Acquisition Corporation IV (-18.09%), less than MSD Acquisition Corp. (11.34%), less than Trine II Acquisition Corp. (13.39%), less than Dragoneer Growth Opportunities Corp. III (1.47%), less than African Gold Acquisition Corporation (4.47%), greater than Ares Acquisition Corporation (-13.60%), less than Peridot Acquisition Corp. II (0.11%), greater than Ares Acquisition Corporation II (-278.47%), greater than Brookline Capital Acquisition Corp. (-3022.17%),
| Company | ROE | Market cap |
|---|---|---|
| -18.09% | $559.37M | |
| 11.34% | $735.28M | |
| 13.39% | $543.37M | |
| 1.47% | $537.81M | |
| 4.47% | $167.49M | |
| -13.60% | $761.82M | |
| 0.11% | $519.76M | |
| -278.47% | $587.05M | |
| -3022.17% | $559.61M |
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What is the 5-year average ROE for Tech and Energy Transition Corporation (TETCU)?
How does the current ROE for Tech and Energy Transition Corporation (TETCU) compare to its historical average?