Fortune Rise Acquisition Corporation (FRLA) Stock
Fortune Rise Acquisition Corporation currently lacks substantial business operations. Its primary objective is to execute a strategic business combination, which could involve a merger, an acquisition of assets or stock, a corporate reorganization, or a similar amalgamation, with one or more enterprises.
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About Fortune Rise Acquisition Corporation
Fortune Rise Acquisition Corporation currently lacks substantial business operations. Its primary objective is to execute a strategic business combination, which could involve a merger, an acquisition of assets or stock, a corporate reorganization, or a similar amalgamation, with one or more enterprises. This entity was founded in 2021 and maintains its principal office in Metuchen, New Jersey.
Fortune Rise Acquisition Corporation is headquartered in US.
Fortune Rise Acquisition Corporation (FRLA) stock trades at $11.20 with a market capitalization of $36.81M. The stock is valued at a price-to-earnings (P/E) ratio of -273.17, price-to-book of 3.73, price-to-sales of 0.00. Over the past 52 weeks the stock has ranged between $11.00 and $12.00, and currently trades 6.7% below its 52-week high.
On profitability, Fortune Rise Acquisition Corporation generates a return on equity (ROE) of -0.57%, return on capital employed of -7.53%, an operating margin of 0.00%, a net profit margin of 0.00%.