Posted by admin on Apr 18th, 2022
Edify Acquisition (NASDAQ:EAC – Get Rating) and CION Investment (NYSE:CION – Get Rating) are both small-cap unclassified companies, but which is the superior stock? We will compare the two businesses based on the strength of their dividends, valuation, institutional ownership, analyst recommendations, profitability, risk and earnings.
Insider and Institutional Ownership
59.0% of Edify Acquisition shares are held by institutional investors. Comparatively, 1.6% of CION Investment shares are held by institutional investors. 0.1% of CION Investment shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.
This is a breakdown of current recommendations and price targets for Edify Acquisition and CION Investment, as provided by MarketBeat.
CION Investment has a consensus price target of $12.50, suggesting a potential upside of 5.93%. Given CION Investment’s higher possible upside, analysts plainly believe CION Investment is more favorable than Edify Acquisition.
Earnings & Valuation
This table compares Edify Acquisition and CION Investment’s top-line revenue, earnings per share and valuation.
CION Investment has higher revenue and earnings than Edify Acquisition.
This table compares Edify Acquisition and CION Investment’s net margins, return on equity and return on assets.
CION Investment beats Edify Acquisition on 7 of the 8 factors compared between the two stocks.
About Edify Acquisition (Get Rating)
Edify Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more operating businesses. The company was incorporated in 2020 and is based in New York, New York.
About CION Investment (Get Rating)
CION Investment Corporation is a business development company. It specializes in investments in senior secured loans, including unitranche loans, First Lien, 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 firm invests in growth capital, acquisitions, leveraged buyouts, market/product expansion, refinancing and recapitalization. The fund also invests up to 30 percent of their assets opportunistically in other types of investments, including the securities of larger public companies and foreign securities. It also makes investments 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, plastic, rubber, telecommunication, consumer services, advertising, printing and publishing, consumer goods, durables, diversified financials, and other industries. It also invests in homebuilding, restaurants, beverage and tobacco bars, broadcasting, distributors, Non-durable good distribution, food beverage and tobacco, energy, oil gas and consumables fuels, insurance, aerospace and defense, industrial machinery, paper and forest product machinery, information technology, metals and mining, and real estate. It primarily seeks 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 average targeted hold of $25 million. It also purchases minority interests in the form of common or preferred equity in the target companies, typically in conjunction with its debt investments or through a co-investment with a financial sponsor. The fund seeks to exit its investments through an initial public offering of common stock, a merger, a sale, or other recapitalization.
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