Altair Resources Stock Analysis
| AVX Stock | CAD 0.01 0.00 0.00% |
Altair Resources is overvalued with Real Value of 0.0084 and Hype Value of 0.01. The main objective of Altair Resources stock analysis is to determine its intrinsic value, which is an estimate of what Altair Resources is worth, separate from its market price. There are two main types of Altair Resources' stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Altair Resources' performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Altair Resources' stock to identify patterns and trends that may indicate its future price movements.
The Altair Resources stock is traded in Canada on TSX Venture 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. Altair Resources is usually not traded on Canada Day, Civic Holiday, Labour Day, Christmas Day, Boxing Day, New Year 's Day, Family Day, Good Friday, Victoria Day. Altair Stock trading window is adjusted to America/Toronto timezone.
Altair |
Altair Stock Analysis Notes
The company last dividend was issued on the 28th of September 2018. Altair Resources had 1:4 split on the 28th of September 2018. Altair Resources Inc., a junior mineral exploration company, engages in the acquisition, exploration, and development of mineral resource properties in Canada. Altair Resources Inc. was founded in 2005 and is headquartered in Vancouver, Canada. ALTAIR RESOURCES operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange. For more info on Altair Resources please contact BSc Eng at 604-685-9316 or go to https://www.altairresources.com.Altair Resources Investment Alerts
| Altair Resources generated a negative expected return over the last 90 days | |
| Altair Resources has some characteristics of a very speculative penny stock | |
| Altair Resources has high likelihood to experience some financial distress in the next 2 years | |
| Altair Resources has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Altair Resources has accumulated 2.43 M in total debt with debt to equity ratio (D/E) of 195.5, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Altair Resources has a current ratio of 0.03, 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 Altair Resources until it has trouble settling it off, either with new capital or with free cash flow. So, Altair 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 Altair Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Altair to invest in growth at high rates of return. When we think about Altair Resources' use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (444.13 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Altair Resources has accumulated about 25.13 K in cash with (159.27 K) of positive cash flow from operations. |
Altair Resources Thematic Classifications
In addition to having Altair Resources stock in your portfolios, you can 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 favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
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Altair Market Capitalization
The company currently falls under 'Nano-Cap' category with a current market capitalization of 286.33 K. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Altair Resources's market, we take the total number of its shares issued and multiply it by Altair 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.Management Efficiency
Altair Resources has return on total asset (ROA) of (28.2498) % which means that it has lost $28.2498 on every $100 spent on assets. This is way below average. Altair Resources' management efficiency ratios could be used to measure how well Altair Resources manages its routine affairs as well as how well it operates its assets and liabilities. Total Assets is likely to drop to 7,316 in 2024. Net Tangible Assets is likely to climb to about (1.4 M) in 2024Leadership effectiveness at Altair Resources is a strong indicator of its financial stability. We analyze various metrics to provide insights into the stock's investment viability.
Beta 2.657 | Return On Assets (28.25) |
Technical Drivers
Altair 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.Altair Resources Price Movement Analysis
The output start index for this execution was thirty-five with a total number of output elements of twenty-six. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Altair 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 Altair Resources. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Altair Resources Outstanding Bonds
Altair 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. Altair 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 Altair bonds can be classified according to their maturity, which is the date when Altair 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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About Altair Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how Altair 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 Altair 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 Altair Resources. By using and applying Altair Stock analysis, traders can create a robust methodology for identifying Altair entry and exit points for their positions.
Altair Resources Inc., a junior mineral exploration company, engages in the acquisition, exploration, and development of mineral resource properties in Canada. Altair Resources Inc. was founded in 2005 and is headquartered in Vancouver, Canada. ALTAIR RESOURCES operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange.
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Additional Tools for Altair Stock Analysis
When running Altair Resources' price analysis, check to measure Altair Resources' 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 Altair Resources is operating at the current time. Most of Altair Resources' value examination focuses on studying past and present price action to predict the probability of Altair Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Altair Resources' price. Additionally, you may evaluate how the addition of Altair Resources to your portfolios can decrease your overall portfolio volatility.