Nextsource Materials Stock Buy Hold or Sell Recommendation
| NEXT Stock | CAD 0.40 0.01 2.44% |
Assuming the 90 days trading horizon and your above-average risk tolerance, our recommendation regarding NextSource Materials is 'Strong Sell'. The recommendation algorithm takes into account all of NextSource Materials' available fundamental, technical, and predictive indicators you will find on this site.
Check out NextSource Materials 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. In addition, we conduct extensive research on individual companies such as NextSource and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards NextSource Materials. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
NextSource |
Execute NextSource Materials Buy or Sell Advice
The NextSource recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on NextSource Materials. Macroaxis does not own or have any residual interests in NextSource Materials or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute NextSource Materials' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Out of control | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Very High | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
NextSource Materials Trading Alerts and Improvement Suggestions
| NextSource Materials generated a negative expected return over the last 90 days | |
| NextSource Materials has high historical volatility and very poor performance | |
| NextSource Materials has some characteristics of a very speculative penny stock | |
| NextSource Materials has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (8.75 M) with profit before overhead, payroll, taxes, and interest of 20.06 K. | |
| NextSource Materials has accumulated about 6.89 M in cash with (8.89 M) of positive cash flow from operations. | |
| Roughly 49.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: NextSource Materials Faces Stock Challenges Amid Market Pressures - TipRanks |
NextSource Materials Returns Distribution Density
The distribution of NextSource Materials' historical returns is an attempt to chart the uncertainty of NextSource Materials' future price movements. The chart of the probability distribution of NextSource Materials daily returns describes the distribution of returns around its average expected value. We use NextSource Materials price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of NextSource Materials returns is essential to provide solid investment advice for NextSource Materials.
| Mean Return | -0.19 | Value At Risk | -8.86 | Potential Upside | 11.32 | Standard Deviation | 5.96 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of NextSource Materials 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.
NextSource Materials Cash Flow Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Change In Cash | 22.2M | (12.6M) | (2.9M) | 3.9M | 4.5M | 4.7M | |
| Free Cash Flow | (5.8M) | (14.6M) | (20.6M) | (21.0M) | (18.9M) | (18.0M) | |
| Other Non Cash Items | 1.4K | 450.2K | 3.1M | 1.5M | 1.4M | 1.1M | |
| Net Income | (42.0M) | 16.1M | (11.7M) | (8.8M) | (10.1M) | (10.6M) | |
| End Period Cash Flow | 22.4M | 9.8M | 6.9M | 10.8M | 12.4M | 13.0M | |
| Depreciation | 6.6K | 35.0K | 393.9K | 198.3K | 228.1K | 239.5K | |
| Investments | (4.3M) | (13.1M) | (13.2M) | (20.9M) | (18.8M) | (17.9M) | |
| Change To Netincome | (397.6K) | 40.2M | (18.5M) | 3.6M | 4.1M | 3.0M |
NextSource Materials 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 NextSource Materials or Metals & Mining 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 NextSource Materials' price will be affected by overall stock 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 NextSource stock'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 | -0.11 | |
β | Beta against Dow Jones | 0.79 | |
σ | Overall volatility | 5.88 | |
Ir | Information ratio | -0.01 |
NextSource Materials Volatility Alert
NextSource Materials exhibits very low volatility with skewness of -0.53 and kurtosis of 2.29. NextSource Materials is a potential penny stock. Although NextSource Materials may be in fact a good instrument to invest, many penny stocks are speculative in nature and are subject to artificial price hype. Please make sure you totally understand the upside potential and downside risk of investing in NextSource Materials. We encourage investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswings, sudden news releases, promotions that are not reported, or demotions released before SEC filings. Please also check biographies and work history of current and past company officers before investing in high volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on NextSource instrument if you perfectly time your entry and exit. However, remember that penny stocks that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.NextSource Materials Fundamentals Vs Peers
Comparing NextSource Materials' 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 NextSource Materials' direct or indirect competition across all of the common fundamentals between NextSource Materials and the related equities. This way, we can detect undervalued stocks with similar characteristics as NextSource Materials or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of NextSource Materials' fundamental indicators could also be used in its relative valuation, which is a method of valuing NextSource Materials by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare NextSource Materials to competition |
| Fundamentals | NextSource Materials | Peer Average |
| Return On Equity | -0.21 | -0.31 |
| Return On Asset | -0.0644 | -0.14 |
| Operating Margin | (51.07) % | (5.51) % |
| Current Valuation | 99.5 M | 16.62 B |
| Shares Outstanding | 184.91 M | 571.82 M |
| Shares Owned By Insiders | 48.70 % | 10.09 % |
| Shares Owned By Institutions | 0.31 % | 39.21 % |
| Number Of Shares Shorted | 186.03 K | 4.71 M |
| Price To Book | 0.92 X | 9.51 X |
| Price To Sales | 1,416 X | 11.42 X |
| Gross Profit | 20.06 K | 27.38 B |
| EBITDA | (7.37 M) | 3.9 B |
| Net Income | (8.75 M) | 570.98 M |
| Cash And Equivalents | 6.89 M | 2.7 B |
| Total Debt | 21.2 M | 5.32 B |
| Current Ratio | 1.48 X | 2.16 X |
| Book Value Per Share | 0.30 X | 1.93 K |
| Cash Flow From Operations | (8.89 M) | 971.22 M |
| Short Ratio | 2.11 X | 4.00 X |
| Earnings Per Share | (0.10) X | 3.12 X |
| Target Price | 3.1 | |
| Beta | 1.87 | -0.15 |
| Market Capitalization | 73.04 M | 19.03 B |
| Total Asset | 92.85 M | 29.47 B |
| Retained Earnings | (151.45 M) | 9.33 B |
| Working Capital | 3.1 M | 1.48 B |
| Net Asset | 92.85 M |
NextSource Materials Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as NextSource . 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.
About NextSource Materials Buy or Sell Advice
When is the right time to buy or sell NextSource Materials? Buying financial instruments such as NextSource Stock 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.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having NextSource Materials in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Housewares
Companies making housewares accessories and providing houseware services. The Housewares theme has 41 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Housewares Theme or any other thematic opportunities.
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Other Information on Investing in NextSource Stock
NextSource Materials financial ratios help investors to determine whether NextSource Stock 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 NextSource with respect to the benefits of owning NextSource Materials security.