Harvard Ave Acquisition Corporation Class A Ordinary Share (HAVA)

FairStock Score: 20/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a Graham-style investor, I start with what the business actually does. Harvard Ave Acquisition Corporation has no significant operations; it is a blank-check vehicle hunting for a merger. That means there is no competitive moat, no pricing power, and no operating history to underwrite. The filed figures show no revenue in any period. In fiscal Q2 2026, the quarter ended 2026-06-30, net income was $1.1M; in fiscal Q1 2026, the quarter ended 2026-03-31, net income was $1.1M. But FY2025, ended 2025-12-31, produced $729,121 of net income, while fiscal Q3 2025 lost $32,542 and fiscal Q2 2025 lost $42,348. Those swings are tiny and non-operating in nature. FairStock reports profit growth of 2613.55%, but that is from a tiny, non-revenue base and not meaningful operating growth. FairStock calculates trailing free cash flow of -$1.2M, a -0.6% FCF yield, a Piotroski F-Score of 3/9, and a FairStock Score of 20/100. At the 2026-10-13 close of $10.26, FairStock's P/E is 68.40, its Graham Number is $4.85, and the margin of safety is negative 111.55%; the stock trades near the top of its 52-week range of $9.87-$10.26. The Altman Z-Score of 25.02 and PEG of 0.03 look superficially strong, but for a shell they do not signal a durable operating business. FairStock assigns no Lynch category because there is only one year of filed results; it needs three. Growth here is not revenue compounding but the chance of a deal. I would call this a speculation on merger terms, not a value investment.

In plain English: Harvard Ave Acquisition Corporation is a shell company with no significant operations; it exists to find and merge with another business. The filings show no revenue, small and uneven profits, and negative cash flow. At $10.26, the price is at the top of its 52-week range and looks expensive compared with its reported numbers and accounting-based value.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer