Financial Analysis of BYTE Acquisition (NASDAQ:BYTS) vs. CION Investment (NYSE:CION)


BYTE Acquisition (NASDAQ:BYTS – Get Rating) and CION Investment (NYSE:CION – Get Rating) are both unrated small cap companies, but which is the better stock? We’ll compare the two companies based on the strength of their institutional ownership, profitability, earnings, dividends, valuation, risk, and analyst recommendations.

Valuation and benefits

This table compares gross revenue, earnings per share (EPS), and valuation of BYTE Acquisition and CION Investment.

Gross revenue Price/sales ratio Net revenue Earnings per share Price/earnings ratio
Acquiring bytes N / A N / A $5.02 million N / A N / A
CION Investment $157.35 million 7.47 $118.76 million $1.11 9.33

CION Investment has higher revenue and profit than BYTE Acquisition.

Insider and Institutional Ownership

62.5% of BYTE Acquisition shares are held by institutional investors. By comparison, 3.5% of CION Investment’s shares are held by institutional investors. 0.1% of the shares of CION Investment are held by insiders of the company. Strong institutional ownership indicates that hedge funds, endowments, and large fund managers believe a stock is poised for long-term growth.

Profitability

This table compares the net margins, return on equity and return on assets of BYTE Acquisition and CION Investment.

Net margins Return on equity return on assets
Acquiring bytes N / A -73.88% 1.57%
CION Investment 47.28% 8.14% 4.27%

Analyst Notes

This is a summary of recent ratings and price targets for BYTE Acquisition and CION Investment, as reported by MarketBeat.

Sales Ratings Hold odds Buy reviews Strong buy odds Rating
Acquiring bytes 0 0 0 0 N / A
CION Investment 0 1 0 0 2.00

CION Investment has a consensus target price of $11.50, suggesting a potential upside of 11.00%. Considering the higher possible upside of CION Investment, analysts clearly believe that CION Investment is more favorable than BYTE Acquisition.

Summary

CION Investment beats BYTE Acquisition on 7 of the 8 factors compared between the two stocks.

BYTE Acquisition Company Profile (Get a rating)

BYTE Acquisition Corp. is focused on completing a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or several companies or entities. It intends to focus its search for targets in Israel’s tech industry, including cybersecurity, automotive technology, fintech, enterprise software, cloud computing, semiconductors, medical technology, intelligence and robotics that provide a technology platform and products. The company was incorporated in 2021 and is based in New York, New York.

CION Investment Company Profile (Get a rating)

CION Investment Corporation is a business development company. It specializes in investments in senior secured loans, including unitranche loans, first lien loans, second lien loans, long-term subordinated loans and mezzanine loans; equity interests such as warrants or options; and corporate bonds; and other debt securities in middle market companies. The company invests in growth capital, acquisitions, leveraged buyouts, market/product expansion, refinancing and recapitalization. The fund also invests up to 30% of its assets opportunistically in other types of investments, including securities of large public companies and foreign securities. It also invests in the secondary loan market. The fund does not invest in start-up companies, turnaround situations or companies with speculative business plans. The fund prefers to invest in high-tech industries, healthcare, pharmaceuticals, business services, media, chemicals, plastics, rubber, telecommunications, consumer services, advertising, l printing and publishing, consumer goods, durable goods, diversified financial services and other industries. It also invests in home building, restaurants, beverage and tobacco bars, broadcasting, vending, distribution of consumables, food beverages and tobacco, energy, oil, gas and consumable fuels, insurance, aerospace and defence, industrial machinery, paper and forest products machinery. , information technology, metals and mining, and real estate. He is primarily looking to invest in the United States. The fund seeks to invest between $5 million and $50 million in companies with an EBITDA between $25 million and $75 million with an average target holding of $25 million. It also buys minority stakes in the form of common or preferred stock in the target companies, usually in conjunction with its debt investments or through co-investment with a financial sponsor. The fund seeks to exit its investments through an initial public offering of common stock, merger, sale or other recapitalization.



Get news and reviews for BYTE Acquisition Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for BYTE Acquisition and related companies with MarketBeat.com’s free daily email newsletter.

Sarah J. Greer