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

11.44USD0.00 (0.00%)Delayed

Market Summary

USD11.440.00

Delayed

0.00%

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

FEXD Earnings

Earnings (TTM)

1.8M

Breaking Down FEXD Revenue

Last 7 days

0.4%

Last 30 days

Last 90 days

5.8%

Trailing 12 Months

8.3%

How does FEXD drawdown profile look like?

FEXD Financial Health

Current Ratio

0.01

FEXD Investor Care

Buy Backs (1Y)

65.14%

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	0	0	0	0
2022	0	0	0	1.1M
2021	0	0	0	0

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

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Aug 17, 2023	mizuho securities usa llc	sold	-2,158,460	10.71	-201,537	-

Which funds bought or sold FEXD recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	Ancora Advisors LLC	sold off	-100	-990	-	-%
May 16, 2024	Ancora Advisors LLC	unchanged	-	27.00	126	-%
May 15, 2024	Westchester Capital Management, LLC	unchanged	-	56,848	2,156,310	0.08%
May 15, 2024	D. E. Shaw & Co., Inc.	unchanged	-	606	2,438	-%
May 15, 2024	Tower Research Capital LLC (TRC)	unchanged	-	134	1,480	-%
May 15, 2024	MANGROVE PARTNERS IM, LLC	unchanged	-	29,988	179,928	0.01%
May 15, 2024	BOOTHBAY FUND MANAGEMENT, LLC	unchanged	-	41,040	2,200,000	0.04%
May 15, 2024	BOOTHBAY FUND MANAGEMENT, LLC	unchanged	-	8,000	48,000	-%
May 15, 2024	Alpine Global Management, LLC	unchanged	-	5,130	275,000	0.07%
May 15, 2024	First Trust Capital Management L.P.	reduced	-26.13	-1,040,920	3,169,070	0.27%

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 Filed	Name of Filer	Percent of Class	No. of Shares	Form 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
Apr 22, 2024	8-K	Current Report
Apr 22, 2024	425	Prospectus Filed
Apr 19, 2024	8-K	Current Report
Apr 19, 2024	425	Prospectus Filed
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

Fintech Ecosystem Development Corp. News

Latest updates

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

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)						(In Thousands)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q2	2022Q1	2021Q4
Revenue	-21.9%	871	1,116	636	157	-	-
Operating Expenses	170.3%	1,667	617	622	324	206	243
S&GA Expenses	-	-	-	-	324	-	-
EBITDA Margin	-100.0%	-	1.31*	-	-	-	-
Interest Expenses	48.6%	16.00	11.00	-	-	-	-
Income Taxes	-32.6%	172	256	-	-	-	-
Earnings Before Taxes	-142.7%	-405	949	-	820	1,353	-
EBT Margin	0%	3.86*	3.86*	3.86*	-	-	-
Net Income	-183.4%	-577	693	1,433	820	1,353	-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)

(*) denotes actual numbers (not divided by Thousands)
Balance Sheet								(In Thousands)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Assets	-64.9%	42,624	121,275	119,034	116,920	116,438	116,527	116,890	-
Current Assets	-14.7%	41.00	48.00	49.00	73.00	104	337	699	199
Cash Equivalents	-91.6%	1.00	12.00	10.00	21.00	19.00	198	613	491*
Liabilities	12.3%	7,887	7,020	6,588	6,975	6,724	7,633	9,350	-
Current Liabilities	50.6%	3,787	2,514	1,808	922	88.00	10.00	179	175
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 Outstanding	0%	2,875	2,875	2,875	2,875	2,875	2,875	2,875	2,875

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)										(In Thousands)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1
Cashflow From Operations	-91.9%	-623	-325	-330	-177	-199	-414	-189	-	-86*	-
Cashflow From Investing	6935.6%	78,610	-1,150	-	-	-	-	-	-	-	-
Cashflow From Financing	-5381.0%	-77,996	1,477	1,470	180	20.00	-	116,952	-	577*	-

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FEXD Income Statement

2023-06-30

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 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 expenses	1,667,031	324,041	2,283,771	529,984
Other income (expense)
Interest expense	(16,212)		(27,120)
Income from investments held in trust account	871,211	156,845	2,140,337	168,541
Change in fair value of derivative forward purchase liability	167,724	110,823	162,280	(50,208)
Change in fair value of derivative warrant liabilities	239,005	876,323	551,513	2,585,063
Total other income (expense), net	1,261,728	1,143,991	2,827,010	2,703,396
(Loss) income before income taxes	(405,303)	819,950	543,239	2,173,412
Income tax expense	172,455		428,471
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)	6,759,436	11,557,500	9,145,214	11,557,500
Weighted average common shares outstanding, diluted (in Shares)	6,759,436	11,557,500	9,145,214	11,557,500
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)	2,875,000	2,875,000	2,875,000	2,875,000
Weighted average common shares outstanding, diluted (in Shares)	2,875,000	2,875,000	2,875,000	2,875,000

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 expenses	39,854	38,951
Total Current Assets	40,879	49,286
Investments held in trust account	42,583,196	118,985,048
Total Assets	42,624,075	119,034,334
Current Liabilities:
Accounts payable and accrued liabilities	1,569,744	990,605
Income tax payable	718,813	290,342
Excise tax payable	789,396
Promissory notes and working capital loans from related parties	706,957	519,957
Accrued interest – related parties	1,918	7,545
Total Current Liabilities	3,786,828	1,808,449
Long Term Liabilities:
Derivative forward purchase liability	123,287	285,567
Derivative warrant liability	239,005	756,018
Deferred underwriter fee payable	3,737,500	3,737,500
Total Liabilities	7,886,620	6,587,534
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, respectively	41,557,941	118,392,240
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)	6	6
Class B Common Stock, par value $0.0001; 20,000,000 shares authorized; 2,875,000 issued and outstanding	288	288
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

About Fintech Ecosystem Development Corp.

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.

CEO	Dr. Saiful Khandaker
WEBSITE	fintechecosys.com
INDUSTRY	Shell 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 May 16 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 May 16 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.