Is Deep Medicine Acquisition Corp. technically bullish or bearish?
2025-09-20 20:17:33As of 6 August 2025, the technical trend for Deep Medicine Acquisition Corp. has changed from bullish to mildly bullish. The current stance is mildly bullish, driven by daily moving averages indicating mild bullishness, while the weekly MACD and Dow Theory show mildly bearish signals. The RSI is bearish across both weekly and monthly time frames, which adds some caution. Despite recent weakness, the stock has significantly outperformed the S&P 500 year-to-date with a return of 384.06% compared to the S&P 500's 12.22%....
Read MoreIs Deep Medicine Acquisition Corp. overvalued or undervalued?
2025-09-20 18:47:02As of 10 May 2024, the valuation grade for Deep Medicine Acquisition Corp. has moved from does not qualify to risky. The company appears to be overvalued given its negative P/E ratio and a Price to Book Value of -1.36, indicating significant financial distress. Additionally, the EV to EBITDA ratio stands at -5.76, further highlighting the company's challenges in generating positive earnings. In comparison to its peers, Deep Medicine Acquisition Corp. has a notably lower EV to EBITDA ratio than Blockchain Coinvestors Acquisition Corp. I, which is at -71.9007, and a much worse P/E ratio than Arisz Acquisition Corp., which is at -107.4237. Despite a strong year-to-date return of 384.06%, the company's recent performance has lagged behind the S&P 500, which returned 12.22% in the same period, suggesting that the stock's high returns may not be sustainable given its current valuation metrics....
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