Wajax Stock Today

WJX Stock  CAD 23.73  0.13  0.55%   

Performance

0 of 100

 
Weak
 
Strong
Very Weak

Odds Of Distress

Less than 8

 
High
 
Low
Low
Wajax is selling at 23.73 as of the 1st of December 2024; that is 0.55% increase since the beginning of the trading day. The stock's open price was 23.6. Wajax has only a 8 % chance of going through financial distress over the next few years, but has generated negative returns over the last 90 days. Equity ratings for Wajax are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 12th of December 2022 and ending today, the 1st of December 2024. Click here to learn more.
Business Domain
Capital Goods
Category
Industrials
Wajax Corporation, an integrated distribution company, provides sales, parts, and services to construction, forestry, mining, industrialcommercial, oil sands, transportation, metal processing, government, utilities, and oil and gas sectors. Wajax Corporation was founded in 1858 and is headquartered in Mississauga, Canada. The company has 21.73 M outstanding shares of which 297.03 K shares are at this time shorted by private and institutional investors with about 6.21 days to cover all short positions. More on Wajax

Moving against Wajax Stock

  0.71AMZN Amazon CDRPairCorr
  0.59WMT Walmart Inc CDRPairCorr
  0.58GOOG Alphabet CDRPairCorr
  0.49NVDA NVIDIA CDRPairCorr
  0.39BRK Berkshire Hathaway CDRPairCorr

Wajax Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Wajax's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Wajax or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOA Foote
Business ConcentrationTrading Companies & Distributors, Industrial Distribution, Industrials, Industrials, Trading Companies & Distributors, Industrial Distribution, Industrials (View all Sectors)
Wajax's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Wajax's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Debt Levels
Wajax can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Wajax's financial leverage. It provides some insight into what part of Wajax's total assets is financed by creditors.
Liquidity
Wajax cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. Wajax has accumulated 500.87 M in total debt with debt to equity ratio (D/E) of 1.27, which is about average as compared to similar companies. Wajax has a current ratio of 2.32, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Wajax until it has trouble settling it off, either with new capital or with free cash flow. So, Wajax's 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 Wajax sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Wajax to invest in growth at high rates of return. When we think about Wajax's use of debt, we should always consider it together with cash and equity.

Depreciation

61.5 Million
Wajax (WJX) is traded on Toronto Exchange in Canada and employs 3,100 people. Wajax is listed under Trading Companies & Distributors category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 515.71 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Wajax's market, we take the total number of its shares issued and multiply it by Wajax'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. Wajax operates under Trading Companies & Distributors sector and is part of Industrials industry. The entity has 21.73 M outstanding shares of which 297.03 K shares are at this time shorted by private and institutional investors with about 6.21 days to cover all short positions. Wajax has accumulated about 4.58 M in cash with (89 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.23.
Check Wajax Probability Of Bankruptcy
Ownership Allocation
Wajax retains a total of 21.73 Million outstanding shares. Roughly 74.8 (%) of Wajax outstanding shares are held by general public with 0.96 % owned by insiders and only 24.24 percent by institutional investors. Please note that no matter how many assets the company shows, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Wajax Ownership Details

Wajax Risk Profiles

Although Wajax's alpha and beta are two of the key measurements used to evaluate Wajax's performance over the market, the standard measures of volatility play an important role as well.

Wajax Stock Against Markets

Be your own money manager

Our tools can tell you how much better you can do entering a position in Wajax without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Volatility Analysis Now

   

Volatility Analysis

Get historical volatility and risk analysis based on latest market data
All  Next Launch Module

Wajax Corporate Directors

Alexander TaylorIndependent DirectorProfile
Thomas AlfordIndependent DirectorProfile
Edward BarrettIndependent DirectorProfile
Douglas CartyIndependent DirectorProfile

Other Information on Investing in Wajax Stock

Wajax financial ratios help investors to determine whether Wajax Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Wajax with respect to the benefits of owning Wajax security.