Nulegacy Gold Current Valuation vs. Shares Outstanding

NUG Stock  CAD 0.01  0.00  0.00%   
Based on the measurements of profitability obtained from Nulegacy Gold's financial statements, Nulegacy Gold may not be well positioned to generate adequate gross income at the present time. It has a very high likelihood of underperforming in February. Profitability indicators assess Nulegacy Gold's ability to earn profits and add value for shareholders. At this time, Nulegacy Gold's Book Value Per Share is fairly stable compared to the past year. Tangible Book Value Per Share is likely to climb to 0.1 in 2025, despite the fact that Free Cash Flow Yield is likely to grow to (0.54).
For Nulegacy Gold profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Nulegacy Gold to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Nulegacy Gold utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Nulegacy Gold's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Nulegacy Gold over time as well as its relative position and ranking within its peers.
  
Check out Correlation Analysis.
Please note, there is a significant difference between Nulegacy Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nulegacy Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nulegacy Gold'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.

Nulegacy Gold Shares Outstanding vs. Current Valuation Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Nulegacy Gold's current stock value. Our valuation model uses many indicators to compare Nulegacy Gold value to that of its competitors to determine the firm's financial worth.
Nulegacy Gold is regarded fifth in current valuation category among its peers. It is regarded second in shares outstanding category among its peers creating about  206.86  of Shares Outstanding per Current Valuation. Common Stock Shares Outstanding is likely to climb to about 730.7 M in 2025. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Nulegacy Gold's earnings, one of the primary drivers of an investment's value.

Nulegacy Current Valuation vs. Competition

Nulegacy Gold is regarded fifth in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Materials industry is now estimated at about 204.84 Million. Nulegacy Gold claims roughly 3.5 Million in current valuation contributing just under 2% to all equities under Materials industry.

Nulegacy Shares Outstanding vs. Current Valuation

Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.

Nulegacy Gold

Enterprise Value

 = 

Market Cap + Debt

-

Cash

 = 
3.5 M
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.

Nulegacy Gold

Shares Outstanding

 = 

Public Shares

-

Repurchased

 = 
723.77 M
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.

Nulegacy Shares Outstanding Comparison

Nulegacy Gold is currently under evaluation in shares outstanding category among its peers.

Nulegacy Gold Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Nulegacy Gold, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Nulegacy Gold will eventually generate negative long term returns. The profitability progress is the general direction of Nulegacy Gold's change in net profit over the period of time. It can combine multiple indicators of Nulegacy Gold, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive Income18.8 M19.7 M
Operating Income-1.4 M-1.4 M
Income Before Tax-1.3 M-1.4 M
Total Other Income Expense Net72.7 K76.3 K
Net Loss-1.3 M-1.4 M
Income Tax Expense 3.45  3.62 
Net Loss-1.3 M-1.4 M
Net Loss-2.3 M-2.4 M
Net Interest Income7.6 K7.2 K
Interest Income7.6 K7.2 K
Change To Netincome990.3 K867.5 K
Income Quality 0.83  0.54 
Net Income Per E B T 1.12  1.09 

Nulegacy Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Nulegacy Gold. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Nulegacy Gold position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Nulegacy Gold's important profitability drivers and their relationship over time.

Use Nulegacy Gold in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nulegacy Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nulegacy Gold will appreciate offsetting losses from the drop in the long position's value.

Nulegacy Gold Pair Trading

Nulegacy Gold Pair Trading Analysis

The ability to find closely correlated positions to Nulegacy Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nulegacy Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nulegacy Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nulegacy Gold to buy it.
The correlation of Nulegacy Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nulegacy Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nulegacy Gold moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Nulegacy Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Nulegacy Gold position

In addition to having Nulegacy Gold in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Government Funds Thematic Idea Now

Government Funds
Government Funds Theme
Funds or Etfs that invest in fixed income securities issued by national government to finance government spending or to facilitate Federal Reserve monetary policies. The Government Funds theme has 48 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Government Funds Theme or any other thematic opportunities.
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Additional Tools for Nulegacy Stock Analysis

When running Nulegacy Gold's price analysis, check to measure Nulegacy Gold'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 Nulegacy Gold is operating at the current time. Most of Nulegacy Gold's value examination focuses on studying past and present price action to predict the probability of Nulegacy Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nulegacy Gold's price. Additionally, you may evaluate how the addition of Nulegacy Gold to your portfolios can decrease your overall portfolio volatility.