Solaris Resources Stock Buy Hold or Sell Recommendation
| SLS Stock | 4.49 0.09 2.05% |
Assuming the 90 days trading horizon and your above-average risk tolerance, our recommendation regarding Solaris Resources is 'Hold'. The recommendation algorithm takes into account all of Solaris Resources' available fundamental, technical, and predictive indicators you will find on this site.
Check out Solaris Resources 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 Solaris and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Solaris Resources. 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.
Solaris |
Execute Solaris Resources Buy or Sell Advice
The Solaris recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Solaris Resources. Macroaxis does not own or have any residual interests in Solaris Resources or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Solaris Resources' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Hold
Market Performance | Good | Details | |
Volatility | Unstable | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Responds to the market | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Solaris Resources Trading Alerts and Improvement Suggestions
| Solaris Resources appears to be risky and price may revert if volatility continues | |
| Net Loss for the year was (41.08 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Solaris Resources has accumulated about 14.77 M in cash with (38.31 M) of positive cash flow from operations. | |
| Roughly 41.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Solaris Resources Inc. Reports Q3 2024 Financial Results - TipRanks |
Solaris Resources Returns Distribution Density
The distribution of Solaris Resources' historical returns is an attempt to chart the uncertainty of Solaris Resources' future price movements. The chart of the probability distribution of Solaris Resources daily returns describes the distribution of returns around its average expected value. We use Solaris Resources price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Solaris Resources returns is essential to provide solid investment advice for Solaris Resources.
| Mean Return | 0.69 | Value At Risk | -5.69 | Potential Upside | 7.69 | Standard Deviation | 4.75 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Solaris Resources 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.
Solaris Resources Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 5.9M | 67.5M | (39.7M) | (19.1M) | 24.1M | 25.3M | |
| Free Cash Flow | (4.6M) | (14.8M) | (48.3M) | (59.5M) | (38.4M) | (40.3M) | |
| Depreciation | 13K | 68K | 408K | 783K | 928K | 974.4K | |
| Other Non Cash Items | (4.4M) | (88K) | (398K) | (1.7M) | (560K) | (588K) | |
| Capital Expenditures | 7K | 684K | 1.7M | 1.1M | 89K | 84.6K | |
| Net Income | (1.0M) | (26.0M) | (56.9M) | (58.7M) | (41.1M) | (43.1M) | |
| End Period Cash Flow | 6.1M | 73.6M | 33.9M | 14.8M | 38.9M | 26.3M | |
| Investments | (77K) | (684K) | (1.1M) | (1.4M) | (347K) | (364.4K) |
Solaris Resources 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 Solaris Resources 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 Solaris Resources' 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 Solaris 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 | 0.48 | |
β | Beta against Dow Jones | 1.57 | |
σ | Overall volatility | 4.71 | |
Ir | Information ratio | 0.12 |
Solaris Resources Volatility Alert
Solaris Resources shows above-average downside volatility for the selected time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Solaris Resources' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Solaris Resources' stock 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.Solaris Resources Fundamentals Vs Peers
Comparing Solaris Resources' 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 Solaris Resources' direct or indirect competition across all of the common fundamentals between Solaris Resources and the related equities. This way, we can detect undervalued stocks with similar characteristics as Solaris Resources or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Solaris Resources' fundamental indicators could also be used in its relative valuation, which is a method of valuing Solaris Resources by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Solaris Resources to competition |
| Fundamentals | Solaris Resources | Peer Average |
| Return On Equity | -1.49 | -0.31 |
| Return On Asset | -0.52 | -0.14 |
| Current Valuation | 724.92 M | 16.62 B |
| Shares Outstanding | 162.83 M | 571.82 M |
| Shares Owned By Insiders | 40.60 % | 10.09 % |
| Shares Owned By Institutions | 26.13 % | 39.21 % |
| Number Of Shares Shorted | 2.82 M | 4.71 M |
| Price To Book | 77.28 X | 9.51 X |
| EBITDA | (40.42 M) | 3.9 B |
| Net Income | (41.08 M) | 570.98 M |
| Cash And Equivalents | 14.77 M | 2.7 B |
| Total Debt | 29.45 M | 5.32 B |
| Book Value Per Share | 0.12 X | 1.93 K |
| Cash Flow From Operations | (38.31 M) | 971.22 M |
| Short Ratio | 19.64 X | 4.00 X |
| Earnings Per Share | (0.56) X | 3.12 X |
| Target Price | 12.08 | |
| Number Of Employees | 60 | 18.84 K |
| Beta | 1.9 | -0.15 |
| Market Capitalization | 731.09 M | 19.03 B |
| Total Asset | 61.82 M | 29.47 B |
| Retained Earnings | (205.57 M) | 9.33 B |
| Working Capital | 34.03 M | 1.48 B |
| Net Asset | 61.82 M |
Solaris Resources Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Solaris . 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 Solaris Resources Buy or Sell Advice
When is the right time to buy or sell Solaris Resources? Buying financial instruments such as Solaris 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.
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Other Information on Investing in Solaris Stock
Solaris Resources financial ratios help investors to determine whether Solaris 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 Solaris with respect to the benefits of owning Solaris Resources security.