Innergex Renewable Energy Stock Buy Hold or Sell Recommendation
| INGXF Stock | USD 9.39 0.04 0.43% |
Assuming the 90 days horizon and your above-average risk tolerance, our recommendation regarding Innergex Renewable Energy is 'Strong Buy'. Macroaxis provides Innergex Renewable buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding INGXF positions.
Check out Innergex Renewable Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual companies such as Innergex and provide practical buy, sell, or hold advice based on investors' constraints. Innergex Renewable Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.
Innergex |
Execute Innergex Renewable Buy or Sell Advice
The Innergex recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Innergex Renewable Energy. Macroaxis does not own or have any residual interests in Innergex Renewable Energy or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Innergex Renewable's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Buy
Market Performance | OK | Details | |
Volatility | Moderately volatile | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Average | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Innergex Renewable Trading Alerts and Improvement Suggestions
| Innergex Renewable is way too risky over 90 days horizon | |
| Innergex Renewable appears to be risky and price may revert if volatility continues | |
| Innergex Renewable has high likelihood to experience some financial distress in the next 2 years | |
| Innergex Renewable Energy has accumulated 4.41 B in total debt with debt to equity ratio (D/E) of 3.61, implying the company greatly relies on financing operations through barrowing. Innergex Renewable Energy has a current ratio of 0.75, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Innergex Renewable until it has trouble settling it off, either with new capital or with free cash flow. So, Innergex Renewable's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Innergex Renewable Energy sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Innergex to invest in growth at high rates of return. When we think about Innergex Renewable's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 747.21 M. Net Loss for the year was (191.81 M) with profit before overhead, payroll, taxes, and interest of 570.74 M. | |
| About 24.0% of Innergex Renewable shares are held by company insiders |
Innergex Renewable Returns Distribution Density
The distribution of Innergex Renewable's historical returns is an attempt to chart the uncertainty of Innergex Renewable's future price movements. The chart of the probability distribution of Innergex Renewable daily returns describes the distribution of returns around its average expected value. We use Innergex Renewable Energy price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Innergex Renewable returns is essential to provide solid investment advice for Innergex Renewable.
| Mean Return | 0.88 | Value At Risk | -3.68 | Potential Upside | 4.90 | Standard Deviation | 7.26 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Innergex Renewable historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Innergex Renewable Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Innergex Renewable or Independent Power and Renewable Electricity Producers sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Innergex Renewable's price will be affected by overall pink sheet market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Innergex pink sheet's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.92 | |
β | Beta against Dow Jones | 0.48 | |
σ | Overall volatility | 7.55 | |
Ir | Information ratio | 0.14 |
Innergex Renewable Volatility Alert
Innergex Renewable Energy is displaying above-average volatility over the selected time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Innergex Renewable's pink sheet risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Innergex Renewable's pink sheet price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Innergex Renewable Fundamentals Vs Peers
Comparing Innergex Renewable's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Innergex Renewable's direct or indirect competition across all of the common fundamentals between Innergex Renewable and the related equities. This way, we can detect undervalued stocks with similar characteristics as Innergex Renewable or determine the pink sheets which would be an excellent addition to an existing portfolio. Peer analysis of Innergex Renewable's fundamental indicators could also be used in its relative valuation, which is a method of valuing Innergex Renewable by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Innergex Renewable to competition |
| Fundamentals | Innergex Renewable | Peer Average |
| Return On Equity | -0.0231 | -0.31 |
| Return On Asset | 0.0222 | -0.14 |
| Profit Margin | (0.04) % | (1.27) % |
| Operating Margin | 0.32 % | (5.51) % |
| Current Valuation | 6.7 B | 16.62 B |
| Shares Outstanding | 204.13 M | 571.82 M |
| Shares Owned By Insiders | 24.27 % | 10.09 % |
| Shares Owned By Institutions | 41.89 % | 39.21 % |
| Price To Earning | 154.32 X | 28.72 X |
| Price To Book | 2.78 X | 9.51 X |
| Price To Sales | 3.06 X | 11.42 X |
| Revenue | 747.21 M | 9.43 B |
| Gross Profit | 570.74 M | 27.38 B |
| EBITDA | 278.83 M | 3.9 B |
| Net Income | (191.81 M) | 570.98 M |
| Cash And Equivalents | 224.92 M | 2.7 B |
| Cash Per Share | 1.10 X | 5.01 X |
| Total Debt | 4.41 B | 5.32 B |
| Debt To Equity | 3.61 % | 48.70 % |
| Current Ratio | 0.77 X | 2.16 X |
| Book Value Per Share | 6.21 X | 1.93 K |
| Cash Flow From Operations | 265.5 M | 971.22 M |
| Earnings Per Share | (0.07) X | 3.12 X |
| Number Of Employees | 488 | 18.84 K |
| Beta | 0.34 | -0.15 |
| Market Capitalization | 2.39 B | 19.03 B |
| Total Asset | 7.4 B | 29.47 B |
| Annual Yield | 0.05 % | |
| Five Year Return | 4.13 % | |
| Net Asset | 7.4 B | |
| Last Dividend Paid | 0.72 |
Innergex Renewable Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Innergex . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 9.39 | |||
| Day Typical Price | 9.39 | |||
| Price Action Indicator | 0.02 | |||
| Period Momentum Indicator | 0.04 |
About Innergex Renewable Buy or Sell Advice
When is the right time to buy or sell Innergex Renewable Energy? Buying financial instruments such as Innergex Pink Sheet isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
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Other Information on Investing in Innergex Pink Sheet
Innergex Renewable financial ratios help investors to determine whether Innergex Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Innergex with respect to the benefits of owning Innergex Renewable security.