Carerx Stock Analysis

CareRx Pink Sheet Analysis Notes

About 30.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 1.78. Some equities with similar Price to Book (P/B) outperform the market in the long run. CareRx recorded a loss per share of 0.38. The entity last dividend was issued on the 25th of June 2020. The firm had 1:20 split on the 25th of June 2020. CareRx Corporation, together with its subsidiaries, provides specialty pharmacy services to seniors in Canada. CareRx Corporation was incorporated in 2001 and is headquartered in Toronto, Canada. Carerx Corp operates under Medical Care Facilities classification in the United States and is traded on OTC Exchange. It employs 1378 people.The quote for CareRx is published daily by the National Quotation Bureau and the company does not need to meet minimum requirements or file with the SEC. For more info on CareRx please contact David Murphy at 416 927 8400 or go to https://www.carerx.ca.

CareRx Investment Alerts

CareRx Market Capitalization

The company currently falls under 'Small-Cap' category with a current market capitalization of 101.85 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate CareRx's market, we take the total number of its shares issued and multiply it by CareRx'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.

CareRx Profitablity

The company has Profit Margin (PM) of (0.09) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of 0.02 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.02.

Technical Drivers

As of the 4th of January, CareRx shows the Standard Deviation of 2.56, mean deviation of 0.8752, and Risk Adjusted Performance of (0.04). CareRx 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. Please confirm CareRx total risk alpha and potential upside to decide if CareRx is priced correctly, providing market reflects its regular price of 1.4 per share. Please also double-check CareRx jensen alpha, which is currently at (0.15) to validate the company can sustain itself at a future point.

CareRx Price Movement Analysis

CareRx Predictive Daily Indicators

CareRx Forecast Models

CareRx's time-series forecasting models are one of many CareRx's pink sheet 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 CareRx's 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.

Pink Sheet analysis is the technique used by a trader or investor to examine and evaluate how CareRx 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 CareRx shares will generate the highest return on investment. We also built our pink sheet 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 Pink Sheet such as CareRx. By using and applying CareRx Pink Sheet analysis, traders can create a robust methodology for identifying CareRx entry and exit points for their positions.

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