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FEXD

FEXD - Fintech Ecosystem Development Corp. Stock Price, Fair Value and News

11.01USD+0.01 (+0.09%)Market Closed

Market Summary

FEXD
USD11.01+0.01
Market Closed
0.09%

FEXD Stock Price

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FEXD RSI Chart

FEXD Valuation

Market Cap

43.6M

Price/Earnings (Trailing)

24.49

Price/Sales (Trailing)

40.73

Price/Free Cashflow

-29.9

MarketCap/EBT

10.55

FEXD Price/Sales (Trailing)

FEXD Profitability

EBT Margin

385.92%

Return on Equity

7.4K%

Return on Assets

4.17%

Free Cashflow Yield

-3.34%

FEXD Fundamentals

FEXD Revenue

Revenue (TTM)

1.1M

Rev. Growth (Yr)

455.46%

Rev. Growth (Qtr)

-21.9%

FEXD Earnings

Earnings (TTM)

1.8M

Earnings Growth (Yr)

-170.46%

Earnings Growth (Qtr)

-183.43%

Breaking Down FEXD Revenue

52 Week Range

10.4811.01
(Low)(High)

Last 7 days

0.1%

Last 30 days

0.9%

Last 90 days

1.9%

Trailing 12 Months

4.2%

How does FEXD drawdown profile look like?

FEXD Financial Health

Current Ratio

0.01

FEXD Investor Care

Buy Backs (1Y)

65.14%

Diluted EPS (TTM)

0.02

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20230000
20220001.1M
20210000

Tracking the Latest Insider Buys and Sells of Fintech Ecosystem Development Corp.

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Aug 17, 2023
mizuho securities usa llc
sold
-2,158,460
10.71
-201,537
-

1–1 of 1

Which funds bought or sold FEXD recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Feb 26, 2024
Virtu Financial LLC
reduced
-35.02
-108,000
204,000
0.02%
Feb 16, 2024
Context Capital Management, LLC
unchanged
-
964,000
966,000
-%
Feb 15, 2024
Westchester Capital Management, LLC
added
29.8
492,522
2,099,460
0.07%
Feb 14, 2024
Shaolin Capital Management LLC
reduced
-59.83
-35,940
14,060
-%
Feb 14, 2024
PenderFund Capital Management Ltd.
unchanged
-
-383
24,617
0.01%
Feb 14, 2024
Coppell Advisory Solutions LLC
sold off
-100
-3,227,340
-
-%
Feb 14, 2024
FIFTH LANE CAPITAL, LP
unchanged
-
-5,403
13,473
0.02%
Feb 14, 2024
METEORA CAPITAL, LLC
added
3.18
61,358
1,372,440
0.24%
Feb 14, 2024
CLEAR STREET LLC
added
362
1,379,000
1,751,000
0.04%
Feb 14, 2024
CLEAR STREET LLC
added
1.61
-3,000
6,000
-%

1–10 of 49

Are Funds Buying or Selling FEXD?

Are funds buying FEXD calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own FEXD
No. of Funds

Unveiling Fintech Ecosystem Development Corp.'s Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Mar 11, 2024
cowen and company, llc
5.15%
207,806
SC 13G
Feb 14, 2024
oaktree capital group holdings gp, llc
0%
0
SC 13G
Feb 14, 2024
shaolin capital management llc
7.27%
293,115
SC 13G
Feb 13, 2024
mizuho financial group inc
7.00%
282,200
SC 13G
Feb 08, 2024
saba capital management, l.p.
0%
0
SC 13G/A
Feb 05, 2024
hudson bay capital management lp
6.58%
265,000
SC 13G
Jan 26, 2024
weiss asset management lp
0.00%
0
SC 13G/A
Nov 09, 2023
first trust capital management l.p.
9.68%
390,001
SC 13G/A
Sep 11, 2023
first trust capital management l.p.
18.61%
750,001
SC 13G/A
Feb 14, 2023
first trust capital management l.p.
8.65%
1,000,001
SC 13G

Recent SEC filings of Fintech Ecosystem Development Corp.

View All Filings
Date Filed Form Type Document
Mar 28, 2024
DEFA14A
DEFA14A
Mar 27, 2024
DEF 14A
DEF 14A
Mar 21, 2024
8-K
Current Report
Mar 21, 2024
425
Prospectus Filed
Mar 11, 2024
SC 13G
Major Ownership Report
Mar 11, 2024
PRE 14A
PRE 14A
Feb 21, 2024
8-K
Current Report
Feb 21, 2024
425
Prospectus Filed
Feb 14, 2024
SC 13G
Major Ownership Report
Feb 14, 2024
SC 13G
Major Ownership Report

Fintech Ecosystem Development Corp. News

Latest updates
Defense World31 Mar 202410:51 am
Stock Traders Daily28 Mar 202407:48 pm
Federal Reserve Bank of San Francisco2 years ago

Fintech Ecosystem Development Corp. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Thousands)
Income Statement (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q22023Q12022Q42022Q22022Q12021Q4
Revenue-21.9%8711,116636157--
Operating Expenses170.3%1,667617622324206243
  S&GA Expenses----324--
EBITDA Margin-100.0%-1.31*----
Interest Expenses48.6%16.0011.00----
Income Taxes-32.6%172256----
Earnings Before Taxes-142.7%-405949-8201,353-
EBT Margin0%3.86*3.86*3.86*---
Net Income-183.4%-5776931,4338201,353-1,882
Net Income Margin-44.0%1.66*2.97*3.59*---
Free Cashflow-91.9%-623-325-330-199-414-189
Balance Sheet
(In Thousands)
Balance Sheet
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q3
Assets-64.9%42,624121,275119,034116,920116,438116,527116,890-
  Current Assets-14.7%41.0048.0049.0073.00104337699199
    Cash Equivalents-91.6%1.0012.0010.0021.0019.00198613491*
Liabilities12.3%7,8877,0206,5886,9756,7247,6339,350-
  Current Liabilities50.6%3,7872,5141,80892288.0010.00179175
Shareholder's Equity--------24.00
  Retained Earnings-6.9%-6,820-6,379-5,945-6,900-6,436-7,256-8,610-933*
  Additional Paid-In Capital--------25.00
Shares Outstanding0%2,8752,8752,8752,8752,8752,8752,8752,875
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q1
Cashflow From Operations-91.9%-623-325-330-177-199-414-189--86*-
Cashflow From Investing6935.6%78,610-1,150--------
Cashflow From Financing-5381.0%-77,9961,4771,47018020.00-116,952-577*-

FEXD Income Statement

2023-06-30
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating expenses:    
Formation and operating expenses$ 1,667,031$ 324,041$ 2,283,771$ 529,984
Total operating expenses1,667,031324,0412,283,771529,984
Other income (expense)    
Interest expense(16,212)(27,120)
Income from investments held in trust account871,211156,8452,140,337168,541
Change in fair value of derivative forward purchase liability167,724110,823162,280(50,208)
Change in fair value of derivative warrant liabilities239,005876,323551,5132,585,063
Total other income (expense), net1,261,7281,143,9912,827,0102,703,396
(Loss) income before income taxes(405,303)819,950543,2392,173,412
Income tax expense172,455428,471
Net (loss) income$ (577,758)$ 819,950$ 114,768$ 2,173,412
Class A common stock    
Net (loss) income per common share    
Basic, earnings per common share (in Dollars per share)$ (0.06)$ 0.06$ 0.01$ 0.15
Diluted, earnings per common share (in Dollars per share)$ (0.06)$ 0.06$ 0.01$ 0.15
Weighted average common shares outstanding    
Weighted average common shares outstanding, basic (in Shares)6,759,43611,557,5009,145,21411,557,500
Weighted average common shares outstanding, diluted (in Shares)6,759,43611,557,5009,145,21411,557,500
Class B common stock    
Net (loss) income per common share    
Basic, earnings per common share (in Dollars per share)$ (0.06)$ 0.06$ 0.01$ 0.15
Diluted, earnings per common share (in Dollars per share)$ (0.06)$ 0.06$ 0.01$ 0.15
Weighted average common shares outstanding    
Weighted average common shares outstanding, basic (in Shares)2,875,0002,875,0002,875,0002,875,000
Weighted average common shares outstanding, diluted (in Shares)2,875,0002,875,0002,875,0002,875,000

FEXD Balance Sheet

2023-06-30
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Current Assets:  
Cash$ 1,025$ 10,335
Prepaid expenses39,85438,951
Total Current Assets40,87949,286
Investments held in trust account42,583,196118,985,048
Total Assets42,624,075119,034,334
Current Liabilities:  
Accounts payable and accrued liabilities1,569,744990,605
Income tax payable718,813290,342
Excise tax payable789,396
Promissory notes and working capital loans from related parties706,957519,957
Accrued interest – related parties1,9187,545
Total Current Liabilities3,786,8281,808,449
Long Term Liabilities:  
Derivative forward purchase liability123,287285,567
Derivative warrant liability239,005756,018
Deferred underwriter fee payable3,737,5003,737,500
Total Liabilities7,886,6206,587,534
Commitments and Contingencies (Note 6)
Class A common stock subject to redemption; 3,972,003 shares and 11,500,000 shares at redemption value of $10.46 and $10.29 per share at June 30, 2023 and December 31, 2022, respectively41,557,941118,392,240
Stockholders’ Deficit:  
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding
Class A common stock, $0.0001 par value; 200,000,000 shares authorized; 57,500 representative shares issued and outstanding (excludes 3,972,003 shares and 11,500,000 shares, subject to redemption at June 30, 2023 and December 31, 2022, respectively)66
Class B Common Stock, par value $0.0001; 20,000,000 shares authorized; 2,875,000 issued and outstanding288288
Additional paid-in capital
Accumulated deficit(6,820,780)(5,945,734)
Total Stockholders’ Deficit(6,820,486)(5,945,440)
Total Liabilities, Common Stock Subject to Possible Redemption and Stockholders’ Deficit$ 42,624,075$ 119,034,334
FEXD
Fintech Ecosystem Development Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire companies in the financial technology development sector in South Asia. Fintech Ecosystem Development Corp. was incorporated in 2021 and is based in Collegeville, Pennsylvania.
0
 CEO
 WEBSITEfintechecosys.com
 INDUSTRYShell Companies

Fintech Ecosystem Development Corp. Frequently Asked Questions


What is the ticker symbol for Fintech Ecosystem Development Corp.? What does FEXD stand for in stocks?

FEXD is the stock ticker symbol of Fintech Ecosystem Development Corp.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Fintech Ecosystem Development Corp. (FEXD)?

As of Thu Apr 11 2024, market cap of Fintech Ecosystem Development Corp. is 43.6 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of FEXD stock?

You can check FEXD's fair value in chart for subscribers.

What is the fair value of FEXD stock?

You can check FEXD's fair value in chart for subscribers. The fair value of Fintech Ecosystem Development Corp. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Fintech Ecosystem Development Corp. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for FEXD so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Fintech Ecosystem Development Corp. a good stock to buy?

The fair value guage provides a quick view whether FEXD is over valued or under valued. Whether Fintech Ecosystem Development Corp. is cheap or expensive depends on the assumptions which impact Fintech Ecosystem Development Corp.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for FEXD.

What is Fintech Ecosystem Development Corp.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu Apr 11 2024, FEXD's PE ratio (Price to Earnings) is 24.49 and Price to Sales (PS) ratio is 40.73. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. FEXD PE ratio will change depending on the future growth rate expectations of investors.