Fortune Bay Corp Stock Analysis
| FOR Stock | CAD 0.25 0.01 4.17% |
Fortune Bay Corp is overvalued with Real Value of 0.22 and Hype Value of 0.25. The main objective of Fortune Bay stock analysis is to determine its intrinsic value, which is an estimate of what Fortune Bay Corp is worth, separate from its market price. There are two main types of Fortune Bay's stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Fortune Bay's performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Fortune Bay's stock to identify patterns and trends that may indicate its future price movements.
The Fortune Bay 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. Fortune Bay 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. Fortune Stock trading window is adjusted to America/Toronto timezone.
Fortune |
Fortune 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 0.55. Some equities with similar Price to Book (P/B) outperform the market in the long run. Fortune Bay Corp recorded a loss per share of 0.02. The entity had not issued any dividends in recent years. Fortune Bay Corp. acquires, explores for, and develops mineral properties. The company also owns 2 percent net smelter royalty in the Huizopa project located in the Sierra Madres in Chihuahua, Mexico. FORTUNE BAY operates under Gold classification in Exotistan and is traded on Commodity Exchange. To learn more about Fortune Bay Corp call the company at 902 422 1421 or check out https://fortunebaycorp.com.Fortune Bay Corp Investment Alerts
| Fortune Bay Corp has some characteristics of a very speculative penny stock | |
| Fortune Bay Corp had very high historical volatility over the last 90 days | |
| Net Loss for the year was (1.39 M) with loss before overhead, payroll, taxes, and interest of (149.51 K). | |
| Fortune Bay Corp has accumulated about 3.69 M in cash with (714.35 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.11. | |
| Roughly 15.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Fortune Bay Plans New Drilling at Murmac Project - TipRanks |
Fortune Market Capitalization
The company currently falls under 'Micro-Cap' category with a current market capitalization of 12.17 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Fortune Bay's market, we take the total number of its shares issued and multiply it by Fortune Bay'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.Fortune Profitablity
Fortune Bay's profitability indicators refer to fundamental financial ratios that showcase Fortune Bay's ability to generate income relative to its revenue or operating costs. If, let's say, Fortune Bay is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Fortune Bay'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 Fortune Bay's profitability requires more research than a typical breakdown of Fortune Bay'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 | (0.06) | (0.06) | |
| Return On Capital Employed | (0.05) | (0.05) | |
| Return On Assets | (0.06) | (0.06) | |
| Return On Equity | (0.06) | (0.06) |
Management Efficiency
Fortune Bay Corp has return on total asset (ROA) of (0.026) % which means that it has lost $0.026 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.0558) %, meaning that it generated substantial loss on money invested by shareholders. Fortune Bay's management efficiency ratios could be used to measure how well Fortune Bay manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to -0.06 in 2024. Return On Capital Employed is likely to drop to -0.05 in 2024. At this time, Fortune Bay's Non Currrent Assets Other are fairly stable compared to the past year. Total Current Assets is likely to climb to about 1.4 M in 2024, whereas Total Assets are likely to drop slightly above 20.2 M in 2024.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 0.52 | 0.78 | |
| Tangible Book Value Per Share | 0.52 | 0.78 | |
| Enterprise Value Over EBITDA | (6.83) | (7.17) | |
| Price Book Value Ratio | 0.37 | 0.52 | |
| Enterprise Value Multiple | (6.83) | (7.17) | |
| Price Fair Value | 0.37 | 0.52 | |
| Enterprise Value | 11.5 M | 10.1 M |
Leadership effectiveness at Fortune Bay Corp is a strong indicator of its financial stability. We analyze various metrics to provide insights into the stock's investment viability.
Beta 1.676 | Return On Assets (0.03) | Return On Equity (0.06) |
Technical Drivers
As of the 14th of December 2024, Fortune Bay shows the Mean Deviation of 2.75, downside deviation of 6.12, and Coefficient Of Variation of 4723.57. Fortune Bay Corp technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Please confirm Fortune Bay Corp variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and semi variance to decide if Fortune Bay Corp is priced favorably, providing market reflects its regular price of 0.25 per share.Fortune Bay Corp Price Movement Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Fortune Bay 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 Fortune Bay Corp. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Fortune Bay Outstanding Bonds
Fortune Bay 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. Fortune Bay Corp 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 Fortune bonds can be classified according to their maturity, which is the date when Fortune Bay Corp 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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Fortune Bay Predictive Daily Indicators
Fortune Bay 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 Fortune Bay 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 | 1.04 | |||
| Day Median Price | 0.25 | |||
| Day Typical Price | 0.25 | |||
| Price Action Indicator | 0.005 | |||
| Period Momentum Indicator | 0.01 |
Fortune Bay Forecast Models
Fortune Bay's time-series forecasting models are one of many Fortune Bay'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 Fortune Bay'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 Fortune Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how Fortune Bay 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 Fortune 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 Fortune Bay. By using and applying Fortune Stock analysis, traders can create a robust methodology for identifying Fortune entry and exit points for their positions.
| Last Reported | Projected for Next Year |
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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 Fortune Bay to your portfolios without increasing risk or reducing expected return.Did you try this?
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Additional Tools for Fortune Stock Analysis
When running Fortune Bay's price analysis, check to measure Fortune Bay'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 Fortune Bay is operating at the current time. Most of Fortune Bay's value examination focuses on studying past and present price action to predict the probability of Fortune Bay's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortune Bay's price. Additionally, you may evaluate how the addition of Fortune Bay to your portfolios can decrease your overall portfolio volatility.