(HYAC) Haymaker Acquisition 4 - Ratings and Ratios

Haymaker Acquisition Corp. 4 (NYSE: HYAC) is a special purpose acquisition company (SPAC) incorporated in 2023 and headquartered in New York, New York. The company operates as a blank check entity, focusing on identifying and executing a merger, asset acquisition, or other business combination. Its target sectors include consumer and consumer-related products and services, which encompasses a broad range of industries such as retail, food and beverage, personal care, and e-commerce. As a SPAC, HYAC does not currently operate any businesses of its own and generates no revenue, with its primary objective being to facilitate a merger or acquisition within a specified timeframe.

From a technical perspective, HYAC shares have shown minimal volatility, with an Average True Range (ATR) of 0.02 over the past 20 days. The stock is currently trading at $10.89, slightly above its 20-day Simple Moving Average (SMA) of $10.86 but marginally below its 50-day SMA of $10.81. The 200-day SMA stands at $10.67, indicating that the stock has maintained a relatively stable price level over the longer term. Daily trading volume averages 68,236 shares over the past 20 days, reflecting limited market activity.

From a fundamental perspective, HYAC has a market capitalization of $321.18 million. The companys price-to-book (P/B) ratio is 1.35, slightly above 1, which is typical for SPACs pre-merger. The price-to-sales (P/S) ratio of 10.69 reflects the markets expectations for future revenue growth once a target company is acquired. However, the company currently reports no earnings, as is common for SPACs prior to a successful business combination.