BYTE Acquisition (NASDAQ:BYTS – Get Rating) and KONE Oyj (OTCMKTS:KNYJY – Get Rating) are both unclassified companies, but which is the superior investment? We will contrast the two companies based on the strength of their profitability, dividends, institutional ownership, valuation, earnings, risk and analyst recommendations.
Profitability
This table compares BYTE Acquisition and KONE Oyj's net margins, return on equity and return on assets.
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BYTE Acquisition alerts:
| Net Margins | Return on Equity | Return on Assets |
| BYTE Acquisition | N/A | -74.16% | 3.02% |
| KONE Oyj | 7.07% | 30.28% | 8.19% |
Analyst Ratings
This is a breakdown of recent ratings and recommmendations for BYTE Acquisition and KONE Oyj, as provided by MarketBeat.com.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score |
| BYTE Acquisition | 0 | 0 | 0 | 0 | N/A |
| KONE Oyj | 2 | 4 | 4 | 0 | 2.20 |
KONE Oyj has a consensus target price of $53.33, indicating a potential upside of 88.86%. Given KONE Oyj's higher probable upside, analysts plainly believe KONE Oyj is more favorable than BYTE Acquisition.
Valuation & Earnings
This table compares BYTE Acquisition and KONE Oyj's gross revenue, earnings per share (EPS) and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio |
| BYTE Acquisition | N/A | N/A | $5.02 million | N/A | N/A |
| KONE Oyj | $11.49 billion | 2.60 | $826.69 million | $0.78 | 36.21 |
KONE Oyj has higher revenue and earnings than BYTE Acquisition.
Institutional & Insider Ownership
66.4% of BYTE Acquisition shares are owned by institutional investors. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.
Summary
KONE Oyj beats BYTE Acquisition on 7 of the 8 factors compared between the two stocks.
About BYTE Acquisition
(Get Rating)
BYTE Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus its search for targets in the Israeli technology industry, including cybersecurity, automotive technology, fintech, enterprise software, cloud computing, semiconductors, medical technology, artificial intelligence, and robotics. The company was incorporated in 2021 and is based in New York, New York.
About KONE Oyj
(Get Rating)
Kone Oyj manufactures elevators, escalators, and automatic building doors. It also provides installation, maintenance, modernization, and replacement solutions. The company was founded on October 27, 1910 and is headquartered in Espoo, Finland.
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