Sky Metals to Quote 87.6 Million Shares on ASX - TipRanks
| SKY Stock | 0.06 0 3.77% |
Slightly above 56% of all Sky Metals' private investors are looking to take a long position. The current sentiment regarding investing in Sky Metals stock implies that some traders are interested. Sky Metals' investing sentiment can be driven by a variety of factors including economic data, Sky Metals' earnings reports, geopolitical events, and overall market trends.
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Sky Metals to Quote 87.6 Million Shares on ASX TipRanks
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Sky Metals Fundamental Analysis
We analyze Sky Metals' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Sky Metals using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Sky Metals based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Total Debt
Total Debt Comparative Analysis
Sky Metals is currently under evaluation in total debt category among its peers. Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
Sky Metals Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Sky Metals stock to make a market-neutral strategy. Peer analysis of Sky Metals could also be used in its relative valuation, which is a method of valuing Sky Metals by comparing valuation metrics with similar companies.
Peers
Sky Metals Related Equities
| BSL | Bluescope Steel | 1.48 | ||||
| SFR | Sandfire Resources | 0.10 | ||||
| ATM | Aneka Tambang | 0.00 | ||||
| EVN | Evolution Mining | 1.07 | ||||
| PRU | Perseus Mining | 1.82 | ||||
| DEG | De Grey | 2.49 | ||||
| NST | Northern Star | 2.64 |
Additional Tools for Sky Stock Analysis
When running Sky Metals' price analysis, check to measure Sky Metals' 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 Sky Metals is operating at the current time. Most of Sky Metals' value examination focuses on studying past and present price action to predict the probability of Sky Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sky Metals' price. Additionally, you may evaluate how the addition of Sky Metals to your portfolios can decrease your overall portfolio volatility.