Giga Metals Corp Stock Analysis

Giga Stock Analysis Notes

The company has price-to-book (P/B) ratio of 0.58. Some equities with similar Price to Book (P/B) outperform the market in the long run. Giga Metals Corp recorded a loss per share of 0.01. The entity last dividend was issued on the 28th of August 2017. The firm had 1:2 split on the 28th of August 2017. Giga Metals Corporation engages in the acquisition, exploration, and development of mineral properties in Canada. Giga Metals Corporation was founded in 1983 and is headquartered in Vancouver, Canada. GIGA METALS operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange. To learn more about Giga Metals Corp call Mark Jarvis at 604 681 2300 or check out https://gigametals.com.

Giga Metals Corp Investment Alerts

Giga Market Capitalization

The company currently falls under 'Micro-Cap' category with a current market capitalization of 11.09 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Giga Metals's market, we take the total number of its shares issued and multiply it by Giga Metals'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.

Giga Profitablity

Management Efficiency

Giga Metals Corp has return on total asset (ROA) of (0.0522) % which means that it has lost $0.0522 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.085) %, meaning that it generated substantial loss on money invested by shareholders. Giga Metals' management efficiency ratios could be used to measure how well Giga Metals 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 climb to -0.09 in 2024. At this time, Giga Metals' Total Current Assets are fairly stable compared to the past year. Other Current Assets is likely to climb to about 190.2 K in 2024, whereas Non Current Assets Total are likely to drop slightly above 14.9 M in 2024.

Technical Drivers

As of the 13th of December 2024, Giga Metals retains the Market Risk Adjusted Performance of 0.2789, standard deviation of 5.42, and Risk Adjusted Performance of (0.02). Giga Metals technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Please check out Giga Metals Corp standard deviation, information ratio, maximum drawdown, as well as the relationship between the variance and treynor ratio to decide if Giga Metals is priced fairly, providing market reflects its last-minute price of 0.11 per share.

Giga Metals Corp Price Movement Analysis

Giga Metals Outstanding Bonds

Giga Metals Predictive Daily Indicators

Giga Metals Forecast Models

Giga Metals' time-series forecasting models are one of many Giga Metals' 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 Giga Metals' 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.

Stock analysis is the technique used by a trader or investor to examine and evaluate how Giga Metals 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 Giga 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 Giga Metals. By using and applying Giga Stock analysis, traders can create a robust methodology for identifying Giga entry and exit points for their positions.

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