JBF Capital Inc. Purchases 15,585 Shares of Steel Connect, Inc.
| STCNDelisted Stock | USD 12.18 0.29 2.33% |
About 62% of Steel Connect's investor base is looking to short. The analysis of overall sentiment of trading Steel Connect stock suggests that many investors are alarmed at this time. Steel Connect's investing sentiment overview a quick insight into current market opportunities from investing in Steel Connect. Many technical investors use Steel Connect stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Steel |
JBF Capital Inc. raised its position in Steel Connect, Inc. by 31.2 percent in the 3rd quarter, according to the company in its most recent disclosure with the Securities Exchange Commission. The institutional investor owned 65,585 shares of the technology companys stock after acquiring an additional 15,585 shares during the period.
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Steel Connect Fundamental Analysis
We analyze Steel Connect's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Steel Connect using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Steel Connect 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.
Probability Of Bankruptcy
Probability Of Bankruptcy Comparative Analysis
Steel Connect is currently under evaluation in probability of bankruptcy category among its peers. Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
Steel Connect 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 Steel Connect stock to make a market-neutral strategy. Peer analysis of Steel Connect could also be used in its relative valuation, which is a method of valuing Steel Connect by comparing valuation metrics with similar companies.
Peers
Steel Connect Related Equities
| BAOS | Baosheng Media | 20.82 | ||||
| MGOL | MGO Global | 13.56 | ||||
| TSQ | Townsquare Media | 4.60 | ||||
| EVC | Entravision Communications | 3.88 | ||||
| DRCT | Direct Digital | 1.89 | ||||
| ADV | Advantage Solutions | 1.07 | ||||
| CYGIY | CyberAgent ADR | 0.00 |
Check out Steel Connect Hype Analysis, Steel Connect Correlation and Steel Connect Performance. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Other Consideration for investing in Steel Stock
If you are still planning to invest in Steel Connect check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Steel Connect's history and understand the potential risks before investing.
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