Canada Nickel Stock Analysis
| CNC Stock | CAD 0.97 0.01 1.04% |
Canada Nickel is overvalued with Real Value of 0.85 and Hype Value of 0.97. The main objective of Canada Nickel stock analysis is to determine its intrinsic value, which is an estimate of what Canada Nickel is worth, separate from its market price. There are two main types of Canada Nickel's stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Canada Nickel's performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Canada Nickel's stock to identify patterns and trends that may indicate its future price movements.
The Canada Nickel 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. Canada Nickel 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. Canada Stock trading window is adjusted to America/Toronto timezone.
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Canada Stock Analysis Notes
About 15.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 0.87. Some equities with similar Price to Book (P/B) outperform the market in the long run. Canada Nickel recorded a loss per share of 0.05. The entity had not issued any dividends in recent years. The firm had 1:3 split on the 17th of August 2017. Canyon Copper Corp., an exploration stage company, acquires, explores for, and develops mineral properties in Canada and the United States. Canyon Copper Corp. was founded in 2000 and is based in Vancouver, Canada. Canyon Copper operates under Industrial Metals Minerals classification in Canada and traded on TSX Venture Exchange. For more info on Canada Nickel please contact the company at 647 256 1954 or go to https://canadanickel.com.Canada Nickel Investment Alerts
| Canada Nickel has some characteristics of a very speculative penny stock | |
| Net Loss for the year was (13 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Canada Nickel has accumulated about 791.85 K in cash with (7.39 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.04. | |
| Roughly 15.0% of the company shares are held by company insiders |
Canada Largest EPS Surprises
Earnings surprises can significantly impact Canada Nickel's 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 | |||
|---|---|---|---|---|---|---|---|
2023-03-23 | 2022-12-31 | -0.02 | -0.03 | -0.01 | 50 | ||
2021-11-22 | 2021-09-30 | -0.02 | -0.03 | -0.01 | 50 | ||
2021-09-15 | 2021-07-31 | -0.02 | -0.03 | -0.01 | 50 |
Canada Market Capitalization
The company currently falls under 'Small-Cap' category with a current market capitalization of 175.77 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Canada Nickel's market, we take the total number of its shares issued and multiply it by Canada Nickel'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.Canada Profitablity
Canada Nickel's profitability indicators refer to fundamental financial ratios that showcase Canada Nickel's ability to generate income relative to its revenue or operating costs. If, let's say, Canada Nickel is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Canada Nickel's 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 Canada Nickel's profitability requires more research than a typical breakdown of Canada Nickel's 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 | (0.09) | (0.09) | |
| Return On Capital Employed | (0.06) | (0.06) | |
| Return On Assets | (0.09) | (0.09) | |
| Return On Equity | (0.10) | (0.11) |
Management Efficiency
Canada Nickel has return on total asset (ROA) of (0.0388) % which means that it has lost $0.0388 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.0484) %, meaning that it generated substantial loss on money invested by shareholders. Canada Nickel's management efficiency ratios could be used to measure how well Canada Nickel manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to -0.09 in 2024. Return On Capital Employed is likely to drop to -0.06 in 2024. At this time, Canada Nickel's Total Assets are fairly stable compared to the past year. Net Tangible Assets is likely to climb to about 143.5 M in 2024, whereas Other Assets are likely to drop 0.80 in 2024.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 1.09 | 0.66 | |
| Tangible Book Value Per Share | 1.09 | 0.66 | |
| Enterprise Value Over EBITDA | (12.72) | (13.36) | |
| Price Book Value Ratio | 1.08 | 1.02 | |
| Enterprise Value Multiple | (12.72) | (13.36) | |
| Price Fair Value | 1.08 | 1.02 | |
| Enterprise Value | 170.9 M | 197.3 M |
Leadership effectiveness at Canada Nickel is a strong indicator of its financial stability. We analyze various metrics to provide insights into the stock's investment viability.
Beta 2.313 | Return On Assets (0.04) | Return On Equity (0.05) |
Technical Drivers
As of the 2nd of December, Canada Nickel shows the Mean Deviation of 1.76, risk adjusted performance of 0.0071, and Downside Deviation of 2.32. Canada Nickel 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 Canada Nickel information ratio and the relationship between the maximum drawdown and skewness to decide if Canada Nickel is priced correctly, providing market reflects its regular price of 0.97 per share.Canada Nickel 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. Canada Nickel 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 Canada Nickel. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Canada Nickel Outstanding Bonds
Canada Nickel 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. Canada Nickel 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 Canada bonds can be classified according to their maturity, which is the date when Canada Nickel 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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Canada Nickel Predictive Daily Indicators
Canada Nickel 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 Canada Nickel 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.
Canada Nickel Forecast Models
Canada Nickel's time-series forecasting models are one of many Canada Nickel's 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 Canada Nickel'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.About Canada Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how Canada Nickel 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 Canada 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 Canada Nickel. By using and applying Canada Stock analysis, traders can create a robust methodology for identifying Canada entry and exit points for their positions.
| Last Reported | Projected for Next Year |
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Additional Tools for Canada Stock Analysis
When running Canada Nickel's price analysis, check to measure Canada Nickel'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 Canada Nickel is operating at the current time. Most of Canada Nickel's value examination focuses on studying past and present price action to predict the probability of Canada Nickel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canada Nickel's price. Additionally, you may evaluate how the addition of Canada Nickel to your portfolios can decrease your overall portfolio volatility.