Confused about what happened to NILE Stock? Why is it not available for trading?
The article delves extensively into the merger between BitNile and Ault Alliance and discusses how BitNile stock (NYSE American: NILE) post-transition is traded as Ault Alliance stock (NYSE American: AULT).
It also focuses on how Ault Alliance has performed as a company in the past and takes a detailed look into the analysis of its stock AULT from different analysts’ perspectives.
It also sheds light on what BitNile has diverted its focus into.
Ault Alliance, Inc., a wholly owned subsidiary, decided to merge with and into BitNile Holdings, Inc. and renamed the parent company Ault Alliance, Inc. after an announcement by the Group in a press release.
Ault Alliance is a holding company with a diversified portfolio that focuses on acquiring undervalued businesses and technologies that are disruptive and have a worldwide impact.
Ault Alliance owns and operates a Bitcoin Data Mining Center with the help of its wholly and majority-owned subsidiaries and strategic investments.
It provides mission-critical products required in various industries, including oil exploration, crane services, defense/aerospace, industrial, automotive, medical or biopharma, consumer electronics, hotel operations, and textiles.
Ault Alliance is also a licensed credit lending division, where it extends credit to selected startup and entrepreneurial businesses.
Before the merger, BitNile traded as NILE stock on the NYSE.
After the merger, BitNile doesn’t trade as NILE stock on the NYSE and trades under the Group’s ticker, AULT.
After the merger, their corporate headquarters became the same as the Ault Alliance and came under the same management.
They have also re-aligned their focus to Metaverse and customized VIP experiences for consumers.
Company Name | BitNile Holdings, Inc. |
Year Founded | 2014 |
Headquarters | Las Vegas, Nevada, USA |
Founder | Milton “Todd” Ault III |
CEO | William B. Horne |
Ticker | NYSE American: NILE (Now traded as NYSE American: AULT) |
Current Status | Wholly Merged & now a subsidiary of “Ault Alliance.” |
Website |
Company Name | Ault Alliance, Inc. |
Year Founded | 1969 |
Year of IPO | 1996 |
Headquarters | Las Vegas, Nevada, USA |
Founder | Milton “Todd” Ault III |
CEO | William B. Horne |
Ticker | NYSE American: AULT |
Industry | Electrical Products |
Sector | Producer Manufacturing |
Number of Employees | 318 |
Market Cap | $34.849 million |
Revenue | $107.79 million |
Website |
As per an official press release by Ault Alliance on December 20, 2022, they decided to merge their wholly owned subsidiary Ault Alliance, Inc. or AAI with and into BitNile Holdings, Inc. by January 3, 2023
They decided that AAI would not exist anymore post-merger, and the business of BitNile Holdings, Inc. would continue. Still, the entire parent group will be renamed Ault Alliance, Inc. on the day of the merger.
On this day, i.e., January 3, 2023, the company decided that the NILE stock would no longer be continued, and Ault Alliance, Inc.’s stock would continue trading under the ticker AULT.
The Founder and the CEO of the company Ault Alliance, Milton “Todd” Ault III, stated that the name change to Ault Alliance reflects the changes that they began to build in 2017 and the growth that the company has seen to become the diversified holding company that it is today with more than $600 million in assets.
He further mentioned that Ault Alliance aims to operate in three main segments.
As per another announcement, the plans to spin off Imperalis Holding Corp (to be renamed TurnOnGreen, Inc.) and Giga-Tronics Incorporated.
The company expects that apart from the revenue from the spinoff, Ault Alliance will reach $200 million in revenue for 2023.
The company is restructuring to focus on the goals and make them more transparent and achievable. The company would be focusing on maximizing the return for its shareholders by increasing the value of the stock.
They will not engage in any significant acquisition in 2023 and will focus solely on growing the company internally and raising the market cap and revenue.
Let’s check the company stats as reported by Yahoo Finance.
Profit Margin | -81.03% |
Operating Margin (ttm) | -35.42% |
Return on Assets (ttm) | -5.70% |
Return on Equity (ttm) | -26.88% |
Revenue (ttm) | 107.79M |
Revenue Per Share (ttm) | 0.57 |
Quarterly Revenue Growth (yoy) | N/A |
Gross Profit (ttm) | 28.54M |
EBITDA | -25.44M |
Net Income Avi to Common (ttm) | -87.58M |
Diluted EPS (ttm) | -0.7400 |
Quarterly Earnings Growth (yoy) | N/A |
Total Cash (mrq) | 21.5M |
Total Cash Per Share (mrq) | 0.06 |
Total Debt (mrq) | 100.97M |
Total Debt/Equity (mrq) | 22.15 |
Current Ratio (mrq) | 1.35 |
Book Value Per Share (mrq) | 0.94 |
Operating Cash Flow (ttm) | 8.18M |
Levered Free Cash Flow (ttm) | -230.32M |
Legend: ttm – trailing twelve months, yoy – year over year, mrq – most recent quarter
52-Week Change | -88.61% |
S&P500 52-Week Change | -12.41% |
52 Week High | 1.0500 |
52 Week Low | 0.0800 |
50-Day Moving Average | 0.1232 |
200-Day Moving Average | 0.2030 |
Avg Vol (3 month) | 6.6M |
Avg Vol (10 day) | 7.15M |
Shares Outstanding | 394.7M |
Implied Shares Outstanding | N/A |
Float | 306.02M |
% Held by Insiders | 13.29% |
% Held by Institutions | 6.90% |
Shares Short (Feb 27, 2023) | 14.4M |
Short Ratio (Feb 27, 2023) | 2.52 |
Short % of Float (Feb 27, 2023) | 4.15% |
Short % of Shares Outstanding (Feb 27, 2023) | 3.65% |
Shares Short (prior month Jan 30, 2023) | 13.27M |
13.29% | % of Shares Held by All Insider |
6.90% | % of Shares Held by Institutions |
7.96% | % of Float Held by Institutions |
54 | Number of Institutions Holding Shares |
| Holder | Shares | Date Reported | % Out | Value |
|---|---|---|---|---|
| Vanguard Group, Inc. (The) | 13,386,481 | Dec 30, 2022 | 3.39% | 1,256,990 |
| Geode Capital Management, LLC | 2,377,884 | Dec 30, 2022 | 0.60% | 223,283 |
| Blackrock Inc. | 1,699,682 | Dec 30, 2022 | 0.43% | 159,600 |
| Marshall Wace LLP | 1,360,034 | Dec 30, 2022 | 0.34% | 127,707 |
| Two Sigma Investments, LP | 926,075 | Dec 30, 2022 | 0.23% | 86,958 |
| State Street Corporation | 775,723 | Dec 30, 2022 | 0.20% | 72,840 |
| Gsa Capital Partners Llp | 742,754 | Dec 30, 2022 | 0.19% | 69,744 |
| Bank Of New York Mellon Corporation | 718,323 | Dec 30, 2022 | 0.18% | 67,450 |
| Northern Trust Corporation | 485,069 | Dec 30, 2022 | 0.12% | 45,547 |
| Group One Trading, L.P. | 445,906 | Dec 30, 2022 | 0.11% | 41,870 |
Let us check the analysis of the AULT stock by analysts from Tradingview and Simply Wall ST.
As we can see on the weekly timeframe, 14 out of 26 analysts have concluded that AULT stock should be sold, which is why the indicator shows the “SELL” signal.
The Oscillators are showing “Neutral,” and Moving Averages are showing a “Strong Sell” signal on a weekly timeframe.
The majority of analysts, 15 out of 26, have concluded that AULT stock should be sold, which is why the indicator shows the “SELL” signal on a monthly timeframe.
The Oscillators are showing a “Neutral” and Moving Averages are showing a “Strong Sell” signal on a monthly timeframe.
Note: The oscillators include various indicators such as RSI, Stoch RSI, MACD, etc., and the Moving Averages include different moving averages such as EMA 20, EMA 50, SMA 20, SMA 50, SMA 200, etc.
Let’s check some critical points identified by Simply Wall ST.
Since Ault Alliance is unprofitable, we use the PS Ratio to measure its relative value.
The Price to Sales or PS Ratio is calculated by dividing the share price by the company’s annual Revenue per Share.
AULT PS Ratio stands at 0.3x
AULT’s PS Ratio is much better as compared to its peers, who have an average PS Ratio of 47.3x
AULT PS Ratio is also better than the US Electrical Industry having an average PS Ratio of 1.7x.
Note: Due to a lack of enough data, both the Tradingview and Simply Wall ST analysts could not provide any revenue projections or price forecasts for AULT.
Learn About:
As announced on March 1, 2023, Ault Alliance launched bitnile.com, an immersive website that will incorporate the dynamic features of a metaverse.
The website can be accessed via mobile, tablet, pc, or a VR set to experience the dynamic ambiance of the Metaverse.
It aims to change how social media functions nowadays and provide multiple features such as ecommerce, video games, social interactions, games based on skill, etc. It also accepts Bitcoin as payment.
Milton “Todd” Ault, III, the Company’s Executive Chairman, stated, “The launch of BITNILE.com has been many years in the making, and we are proud of the progress that Douglas Gintz and his team have made. I believe this new product and experience will be the first of its kind, and I look forward to sharing more on February 28, 2023. We look forward to our launch on March 1, 2023.”
One of the revolutionary features of BitNile is its immersive shopping experience through Metaverse. One needs to go the BitNile’s shopping page to feel a never before seen shopping experiences such as The Spanish Paella Cookout Experience or The Grill Master Experience and many more.
BitNile Experiences’ team provides customized real-world VIP experiences such as dining with celebrities, being part of the “behind the scenes” at the Indy 500, or being part of the New York Fashion Week backstage.
You must visit their experiences page and select what you want to experience.
Insert the indy 500 experience pic.
According to an announcement on February 24, 2023, AULT will introduce a coin called NILE Coin for purchases made within the world of bitnile.com
NILE Coins will enable users to play games in the metaverse world of bitnile.com and purchase products to enhance their avatar or other features related to gameplay. They will be able to connect to other community members in a completely new immersive way.
It should be remembered that NILE Coin is an in-platform currency with no monetary value in the real world and is also not currently available for trading.
Read More:
The NILE Stock is traded as AULT at NYSE American after the BitNile Holdings, Inc. and Ault Alliance, Inc merger. According to different analysts, the average price prediction for the new NILE Stock, i.e., AULT, is $2 to $5.78 in a year.
A NILE Stock is called an AULT Stock nowadays. When BitNile and Ault Alliance merged, and the parent company became Ault Alliance, NILE stock was stopped and traded as AULT stock post-merger on January 3, 2023.
BitNile is part of the parent group Ault Alliance post-merger on January 3, 2023. Although it dropped by 80%+ in 2022, it restructured and changed its focus to growing. However, most analysts believe it is still not a buy or hold. Most signaled sell.
Read More:
BitNile Holdings Inc. and the NILE Stock have gone through a complete restructuring this year. It is venturing into the space of the Metaverse and trying to take advantage of this new space.
It also offers a new kind of shopping experience that caters to consumers who want to experience a customized shopping experience, not just a simple drive to the mall or ordinary online shopping.
It creates an exceptional opportunity for additional revenue growth, and they can emerge as a market leader if they pursue this path diligently. However, the shareholder return on the stock has dropped by more than 80%, and the investors have lost confidence.
The company was focused entirely on acquisitions, so they have burnt a lot of money and have not grown their revenue.
The company has officially announced that it will focus on growth, and no further acquisitions will be made this year.
Hence, it is left to be seen how they tap their growth potential, how their revenue grows, and how they create value for the investors and the shareholders. Only then will it rebuild investor confidence and bring in new investments.
Disclaimer: All the information presented in the article has been collected independently by BitMoneyAlpha and has not been reviewed or approved by NILE. The product information may vary. Please check the company website for the latest information. The statements and opinions expressed in this article belong to the author and do not necessarily represent the views or opinions of any company, stock or cryptocurrency issuer. The content is for informational purposes only. It is not financial advice. So, before investing, do your due diligence and always invest what you are comfortable losing, as all investments are your responsibility.
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