Ascendant Resources Stock Analysis
| ASND Stock | CAD 0.05 0.01 25.00% |
Ascendant Resources is overvalued with Real Value of 0.0431 and Hype Value of 0.06. The main objective of Ascendant Resources stock analysis is to determine its intrinsic value, which is an estimate of what Ascendant Resources is worth, separate from its market price. There are two main types of Ascendant Resources' stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Ascendant Resources' performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Ascendant Resources' stock to identify patterns and trends that may indicate its future price movements.
The Ascendant Resources stock is traded in Canada on Toronto Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in Canada. Ascendant Resources is usually not traded on Canada Day, Civic Holiday, Labour Day, Thanksgiving Day, Christmas Day, Boxing Day, New Year 's Day, Family Day, Good Friday, Victoria Day. Ascendant Stock trading window is adjusted to America/Toronto timezone.
Ascendant |
Ascendant Stock Analysis Notes
About 15.0% of the company shares are held by institutions such as insurance companies. The company recorded a loss per share of 0.03. Ascendant Resources last dividend was issued on the 21st of December 2016. The entity had 1:5 split on the 21st of December 2016. Ascendant Resources Inc. explores for and evaluates mineral properties in Canada. Ascendant Resources Inc. was incorporated in 2006 and is headquartered in Toronto, Canada. ASCENDANT RESOURCES operates under Industrial Metals Minerals classification in Canada and is traded on Toronto Stock Exchange. For more info on Ascendant Resources please contact the company at 647 805 5662 or go to https://www.ascendantresources.com.Ascendant Resources Investment Alerts
| Ascendant Resources is way too risky over 90 days horizon | |
| Ascendant Resources has some characteristics of a very speculative penny stock | |
| Ascendant Resources appears to be risky and price may revert if volatility continues | |
| Ascendant Resources has high likelihood to experience some financial distress in the next 2 years | |
| The company has C$18.42 Million in debt which may indicate that it relies heavily on debt financing | |
| Ascendant Resources has accumulated 18.42 M in total debt with debt to equity ratio (D/E) of 66.2, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Ascendant Resources has a current ratio of 0.62, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Ascendant Resources until it has trouble settling it off, either with new capital or with free cash flow. So, Ascendant Resources' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Ascendant Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Ascendant to invest in growth at high rates of return. When we think about Ascendant Resources' use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (7.76 M) with profit before overhead, payroll, taxes, and interest of 23.89 M. | |
| Ascendant Resources has accumulated about 2.21 M in cash with (2.6 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03. | |
| Latest headline from news.google.com: Ascendant advances Lagoa Salgada mine project By Investing.com - Investing.com UK |
Ascendant Largest EPS Surprises
Earnings surprises can significantly impact Ascendant Resources' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2018-03-21 | 2017-12-31 | 0.01 | -0.0245 | -0.0345 | 345 | ||
2019-05-08 | 2019-03-31 | 0.02 | -0.03 | -0.05 | 250 | ||
2019-03-20 | 2018-12-31 | 0.02 | -0.03 | -0.05 | 250 |
Ascendant Market Capitalization
The company currently falls under 'Nano-Cap' category with a current market capitalization of 8.4 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Ascendant Resources's market, we take the total number of its shares issued and multiply it by Ascendant Resources's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.Ascendant Profitablity
Ascendant Resources' profitability indicators refer to fundamental financial ratios that showcase Ascendant Resources' ability to generate income relative to its revenue or operating costs. If, let's say, Ascendant Resources is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Ascendant Resources' executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Ascendant Resources' profitability requires more research than a typical breakdown of Ascendant Resources' financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.56) | (0.59) | |
| Return On Capital Employed | (0.26) | (0.27) | |
| Return On Assets | (0.56) | (0.59) | |
| Return On Equity | 0.64 | 0.67 |
Management Efficiency
Ascendant Resources has return on total asset (ROA) of (0.1294) % which means that it has lost $0.1294 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 2.3096 %, meaning that it generated $2.3096 on every $100 dollars invested by stockholders. Ascendant Resources' management efficiency ratios could be used to measure how well Ascendant Resources manages its routine affairs as well as how well it operates its assets and liabilities. As of the 21st of December 2024, Return On Equity is likely to grow to 0.67, while Return On Tangible Assets are likely to drop (0.59). At this time, Ascendant Resources' Total Assets are very stable compared to the past year. As of the 21st of December 2024, Other Current Assets is likely to grow to about 2.5 M, while Total Current Assets are likely to drop about 2.9 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | (0.10) | (0.09) | |
| Net Current Asset Value | 78 K | 69.3 K | |
| Tangible Asset Value | 78 K | 69.3 K | |
| Tangible Book Value Per Share | (0.10) | (0.09) | |
| Enterprise Value Over EBITDA | (8.94) | (9.39) | |
| Price Book Value Ratio | (0.49) | (0.47) | |
| Enterprise Value Multiple | (8.94) | (9.39) | |
| Price Fair Value | (0.49) | (0.47) | |
| Enterprise Value | 25.8 M | 27.1 M |
Leadership effectiveness at Ascendant Resources is a strong indicator of its financial stability. We analyze various metrics to provide insights into the stock's investment viability.
Beta 1.542 | Return On Assets (0.13) | Return On Equity 2.3096 |
Technical Drivers
As of the 21st of December, Ascendant Resources shows the mean deviation of 7.47, and Risk Adjusted Performance of 0.0791. Ascendant Resources technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices.Ascendant Resources Price Movement Analysis
The output start index for this execution was nineteen with a total number of output elements of fourty-two. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Ascendant Resources middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Ascendant Resources. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Ascendant Resources Outstanding Bonds
Ascendant Resources issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Ascendant Resources uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Ascendant bonds can be classified according to their maturity, which is the date when Ascendant Resources has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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Ascendant Resources Predictive Daily Indicators
Ascendant Resources intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Ascendant Resources stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.25 | |||
| Day Median Price | 0.05 | |||
| Day Typical Price | 0.05 | |||
| Price Action Indicator | 0.005 | |||
| Period Momentum Indicator | 0.01 | |||
| Relative Strength Index | 54.21 |
Ascendant Resources Forecast Models
Ascendant Resources' time-series forecasting models are one of many Ascendant Resources' stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Ascendant Resources' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.About Ascendant Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how Ascendant Resources prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Ascendant shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Ascendant Resources. By using and applying Ascendant Stock analysis, traders can create a robust methodology for identifying Ascendant entry and exit points for their positions.
| Last Reported | Projected for Next Year | ||
| Pretax Profit Margin | (0.09) | (0.10) | |
| Operating Profit Margin | (0.06) | (0.07) | |
| Net Loss | (0.06) | (0.06) | |
| Gross Profit Margin | 0.34 | 0.36 |
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As an investor, your ultimate goal is to build wealth. Optimizing your investment portfolio is an essential element in this goal. Using our stock analysis tools, you can find out how much better you can do when adding Ascendant Resources to your portfolios without increasing risk or reducing expected return.Did you try this?
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Other Information on Investing in Ascendant Stock
Ascendant Resources financial ratios help investors to determine whether Ascendant Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ascendant with respect to the benefits of owning Ascendant Resources security.