Snow Lake Resources Stock Performance
| LITM Stock | USD 0.20 0.02 11.11% |
The entity has a beta of 1.18, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Snow Lake will likely underperform. At this point, Snow Lake Resources has a negative expected return of -0.71%. Please make sure to validate Snow Lake's total risk alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if Snow Lake Resources performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Snow Lake Resources has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fragile performance in the last few months, the Stock's basic indicators remain very healthy which may send shares a bit higher in January 2025. The recent disarray may also be a sign of long period up-swing for the firm investors. ...more
1 | Snow Lake Completes its Field Exploration Season on the Shatford Lake Project | 10/16/2024 |
2 | Snow Lake Resources Reports Promising Uranium Drilling Results - TipRanks | 11/14/2024 |
| Begin Period Cash Flow | 3.8 M | |
| Free Cash Flow | -8.2 M |
Snow |
Snow Lake Relative Risk vs. Return Landscape
If you would invest 35.00 in Snow Lake Resources on September 3, 2024 and sell it today you would lose (15.00) from holding Snow Lake Resources or give up 42.86% of portfolio value over 90 days. Snow Lake Resources is currently does not generate positive expected returns and assumes 5.7123% risk (volatility on return distribution) over the 90 days horizon. In different words, 50% of stocks are less volatile than Snow, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Snow Lake Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Snow Lake's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Snow Lake Resources, and traders can use it to determine the average amount a Snow Lake's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.1249
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Estimated Market Risk
| 5.71 actual daily | 50 50% of assets are less volatile |
Expected Return
| -0.71 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.12 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Snow Lake is not performing at its full potential. However, 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 Snow Lake by adding Snow Lake to a well-diversified portfolio.
Snow Lake Fundamentals Growth
Snow Stock prices reflect investors' perceptions of the future prospects and financial health of Snow Lake, and Snow Lake fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Snow Stock performance.
| Return On Equity | -0.29 | |||
| Return On Asset | -0.13 | |||
| Current Valuation | 4.05 M | |||
| Shares Outstanding | 28.61 M | |||
| Price To Book | 0.32 X | |||
| EBITDA | (16.01 M) | |||
| Net Income | (6.85 M) | |||
| Cash And Equivalents | 23.79 M | |||
| Cash Per Share | 1.33 X | |||
| Total Debt | 31.11 K | |||
| Debt To Equity | 0.01 % | |||
| Current Ratio | 14.05 X | |||
| Book Value Per Share | 0.99 X | |||
| Cash Flow From Operations | (3.74 M) | |||
| Earnings Per Share | (0.24) X | |||
| Market Capitalization | 5.83 M | |||
| Total Asset | 29.92 M | |||
| Retained Earnings | (26.55 M) | |||
| Working Capital | 1.85 M | |||
About Snow Lake Performance
By examining Snow Lake's fundamental ratios, stakeholders can obtain critical insights into Snow Lake's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Snow Lake is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.67) | (0.64) | |
| Return On Capital Employed | (0.79) | (0.75) | |
| Return On Assets | (0.67) | (0.64) | |
| Return On Equity | (0.76) | (0.72) |
Things to note about Snow Lake Resources performance evaluation
Checking the ongoing alerts about Snow Lake for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Snow Lake Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Snow Lake Resources generated a negative expected return over the last 90 days | |
| Snow Lake Resources has high historical volatility and very poor performance | |
| Snow Lake Resources has some characteristics of a very speculative penny stock | |
| Snow Lake Resources has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (6.85 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Snow Lake Resources currently holds about 23.79 M in cash with (3.74 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.33, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 29.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Snow Lake Resources Reports Promising Uranium Drilling Results - TipRanks |
- Analyzing Snow Lake's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Snow Lake's stock is overvalued or undervalued compared to its peers.
- Examining Snow Lake's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Snow Lake's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Snow Lake's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Snow Lake's stock. These opinions can provide insight into Snow Lake's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Snow Lake 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 estimate. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Snow Lake. If investors know Snow will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Snow Lake listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.24) | Return On Assets (0.13) | Return On Equity (0.29) |
The market value of Snow Lake Resources is measured differently than its book value, which is the value of Snow that is recorded on the company's balance sheet. Investors also form their own opinion of Snow Lake's value that differs from its market value or its book value, called intrinsic value, which is Snow Lake's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Snow Lake's market value can be influenced by many factors that don't directly affect Snow Lake's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Snow Lake's value and its price as these two are different measures arrived at by different means. Investors typically determine if Snow Lake is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Snow Lake's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.