Profound Medical Corp Stock Price on May 14, 2024

PROF Stock  USD 8.22  0.32  3.75%   
Below is the normalized historical share price chart for Profound Medical Corp extending back to June 09, 2016. 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 Profound Medical stands at 8.22, as last reported on the 4th of December, with the highest price reaching 8.65 and the lowest price hitting 8.16 during the day.
IPO Date
9th of June 2016
200 Day MA
8.3718
50 Day MA
7.7778
Beta
0.83
 
Covid
If you're considering investing in Profound Stock, it is important to understand the factors that can impact its price. At this point, Profound Medical is somewhat reliable. Profound Medical Corp maintains Sharpe Ratio (i.e., Efficiency) of 0.0353, which implies the firm had a 0.0353% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Profound Medical Corp, which you can use to evaluate the volatility of the company. Please check Profound Medical's Risk Adjusted Performance of (0.01), variance of 9.8, and Coefficient Of Variation of (5,438) to confirm if the risk estimate we provide is consistent with the expected return of 0.11%.
  
At this time, Profound Medical's Liabilities And Stockholders Equity is most likely to increase significantly in the upcoming years. The Profound Medical's current Other Stockholder Equity is estimated to increase to about 32.6 M, while Common Stock is projected to decrease to roughly 135.6 M. . At this time, Profound Medical's Price Sales Ratio is most likely to increase significantly in the upcoming years. Profound Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0353

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Estimated Market Risk

 3.07
  actual daily
27
73% of assets are more volatile

Expected Return

 0.11
  actual daily
2
98% of assets have higher returns

Risk-Adjusted Return

 0.04
  actual daily
2
98% of assets perform better
Based on monthly moving average Profound Medical is performing at about 2% 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 Profound Medical by adding it to a well-diversified portfolio.
Price Book
6.6767
Enterprise Value Ebitda
(5.75)
Price Sales
23.443
Shares Float
22.3 M
Wall Street Target Price
15.1667

Profound Medical Valuation on May 14, 2024

It is possible to determine the worth of Profound Medical on a given historical date. On May 14, 2024 Profound was worth 8.25 at the beginning of the trading date compared to the closed value of 8.21. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Profound Medical stock. Still, in general, we apply an absolute valuation method to find Profound Medical's 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 Profound Medical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Profound Medical's related companies.
 Open High Low Close Volume
  7.75    7.86    7.65    7.65    28,287  
05/14/2024
  8.25    8.34    7.50    8.21    51,484  
  7.98    8.92    7.98    8.54    41,184  
Backtest Profound Medical  |  Profound Medical History  |  Profound Medical Valuation   PreviousNext  
Open Value
8.25
8.21
Closing Value
17.46
Upside

Profound Medical Trading Date Momentum on May 14, 2024

On May 15 2024 Profound Medical Corp was traded for  8.54  at the closing time. The top price for the day was 8.92  and the lowest listed price was  7.98 . The trading volume for the day was 41.2 K. The trading history from May 15, 2024 was a factor to the next trading day price rise. The trading delta at closing time against the next closing price was 4.02% . The trading delta at closing time against the current closing price is 7.43% .

Profound Medical Corp Fundamentals Correlations and Trends

By evaluating Profound Medical's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Profound Medical's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Profound financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Profound Medical Stock history

Profound Medical 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 Profound is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Profound Medical Corp 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 Profound Medical stock prices may prove useful in developing a viable investing in Profound Medical
Last ReportedProjected for Next Year
Common Stock Shares Outstanding21.2 M12.5 M
Net Loss-25.8 M-27.1 M

Profound Medical Quarterly Net Working Capital

34.21 Million

Profound Medical Stock Technical Analysis

Profound Medical 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.
A focus of Profound Medical technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Profound Medical trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Profound Medical Period Price Range

Low
December 4, 2024
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High

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Profound Medical Corp cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ 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.

Profound Medical December 4, 2024 Market Strength

Market strength indicators help investors to evaluate how Profound Medical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Profound Medical shares will generate the highest return on investment. By undertsting and applying Profound Medical stock market strength indicators, traders can identify Profound Medical Corp entry and exit signals to maximize returns

Profound Medical Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Profound Medical's price direction in advance. Along with the technical and fundamental analysis of Profound Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Profound 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.

Complementary Tools for Profound Stock analysis

When running Profound Medical's price analysis, check to measure Profound Medical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Profound Medical is operating at the current time. Most of Profound Medical's value examination focuses on studying past and present price action to predict the probability of Profound Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Profound Medical's price. Additionally, you may evaluate how the addition of Profound Medical to your portfolios can decrease your overall portfolio volatility.
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