Nextsource Materials Stock Price on December 3, 2024
| NEXT Stock | CAD 0.80 0.01 1.23% |
Below is the normalized historical share price chart for NextSource Materials extending back to May 05, 2010. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of NextSource Materials stands at 0.80, as last reported on the 27th of December, with the highest price reaching 0.82 and the lowest price hitting 0.79 during the day.
If you're considering investing in NextSource Stock, it is important to understand the factors that can impact its price. NextSource Materials appears to be abnormally volatile, given 3 months investment horizon. NextSource Materials has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for NextSource Materials, which you can use to evaluate the volatility of the firm. Please exercise NextSource Materials' Mean Deviation of 3.11, downside deviation of 3.52, and Risk Adjusted Performance of 0.0895 to check out if our risk estimates are consistent with your expectations.
At this time, NextSource Materials' Total Stockholder Equity is very stable compared to the past year. As of the 27th of December 2024, Common Stock Total Equity is likely to grow to about 125.5 M, though Other Stockholder Equity is likely to grow to (58.90). . At this time, NextSource Materials' Price Book Value Ratio is very stable compared to the past year. As of the 27th of December 2024, Price Earnings To Growth Ratio is likely to grow to 0.30, while Price Earnings Ratio is likely to drop (12.28). NextSource Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 0.7438 | 50 Day MA 0.6336 | Beta 2.115 |
NextSource |
Sharpe Ratio = 0.1135
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Estimated Market Risk
| 4.13 actual daily | 36 64% of assets are more volatile |
Expected Return
| 0.47 actual daily | 9 91% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average NextSource Materials is performing at about 8% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of NextSource Materials by adding it to a well-diversified portfolio.
Price Book 2.0958 | Book Value 0.336 | Enterprise Value 174 M | Enterprise Value Ebitda (20.33) | Shares Float 153.4 M |
NextSource Materials Valuation on December 3, 2024
It is possible to determine the worth of NextSource Materials on a given historical date. On December 3, 2024 NextSource was worth 0.6 at the beginning of the trading date compared to the closed value of 0.55. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NextSource Materials stock. Still, in general, we apply an absolute valuation method to find NextSource Materials' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of NextSource Materials where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NextSource Materials' related companies.
| Open | High | Low | Close | Volume | |
| 0.53 | 0.58 | 0.53 | 0.58 | 19,185 | |
12/03/2024 | 0.60 | 0.61 | 0.55 | 0.55 | 66,029 |
| 0.59 | 0.62 | 0.59 | 0.59 | 71,332 |
| Backtest NextSource Materials | | | NextSource Materials History | | | NextSource Materials Valuation | Previous | Next |
NextSource Materials Trading Date Momentum on December 3, 2024
| On December 04 2024 NextSource Materials was traded for 0.59 at the closing time. The highest price during the trading period was 0.62 and the lowest recorded bid was listed for 0.59 . The volume for the day was 71.3 K. This history from December 4, 2024 contributed to the next trading day price boost. The trading delta at closing time to the next closing price was 7.27% . The trading delta at closing time to the current price is 20.00% . |
NextSource Materials Fundamentals Correlations and Trends
By evaluating NextSource Materials' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among NextSource Materials' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. NextSource financial account trend analysis is a perfect complement when working with valuation or volatility modules.About NextSource Materials Stock history
NextSource Materials investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for NextSource is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in NextSource Materials will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing NextSource Materials stock prices may prove useful in developing a viable investing in NextSource Materials
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 153.1 M | 160.8 M | |
| Net Loss | -10.5 M | -11 M |
NextSource Materials Stock Technical Analysis
NextSource Materials technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
NextSource Materials Period Price Range
Low | December 27, 2024
| High |
0.00 | 0.00 |
NextSource Materials cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
NextSource Materials December 27, 2024 Market Strength
Market strength indicators help investors to evaluate how NextSource Materials stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NextSource Materials shares will generate the highest return on investment. By undertsting and applying NextSource Materials stock market strength indicators, traders can identify NextSource Materials entry and exit signals to maximize returns
NextSource Materials Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for NextSource Materials' price direction in advance. Along with the technical and fundamental analysis of NextSource Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of NextSource to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0895 | |||
| Jensen Alpha | 0.4158 | |||
| Total Risk Alpha | 0.1867 | |||
| Sortino Ratio | 0.1041 | |||
| Treynor Ratio | (2.94) |
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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.