29Metals (Australia) Buy Hold or Sell Recommendation
| 29M Stock | 0.37 0.01 2.78% |
Assuming the 90 days trading horizon and your above-average risk tolerance, our recommendation regarding 29Metals is 'Strong Sell'. A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell 29Metals given historical horizon and risk tolerance towards 29Metals. When Macroaxis issues a 'buy' or 'sell' recommendation for 29Metals, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out 29Metals Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual companies such as 29Metals and provide practical buy, sell, or hold advice based on investors' constraints. 29Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
29Metals |
Execute 29Metals Buy or Sell Advice
The 29Metals recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on 29Metals. Macroaxis does not own or have any residual interests in 29Metals or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute 29Metals' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Weak | Details | |
Volatility | Out of control | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | High | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
29Metals Trading Alerts and Improvement Suggestions
| 29Metals has some characteristics of a very speculative penny stock | |
| 29Metals had very high historical volatility over the last 90 days | |
| 29Metals has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 453.88 M. Net Loss for the year was (440.46 M) with profit before overhead, payroll, taxes, and interest of 3.89 M. | |
| 29Metals generates negative cash flow from operations | |
| About 74.0% of the company shares are owned by institutions such as pension funds |
29Metals Returns Distribution Density
The distribution of 29Metals' historical returns is an attempt to chart the uncertainty of 29Metals' future price movements. The chart of the probability distribution of 29Metals daily returns describes the distribution of returns around its average expected value. We use 29Metals price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of 29Metals returns is essential to provide solid investment advice for 29Metals.
| Mean Return | 0.09 | Value At Risk | -5.56 | Potential Upside | 6.12 | Standard Deviation | 5.01 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of 29Metals historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
29Metals Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to 29Metals or Metals & Mining sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that 29Metals' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a 29Metals stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.01 | |
β | Beta against Dow Jones | 0.70 | |
σ | Overall volatility | 5.00 | |
Ir | Information ratio | -0.01 |
29Metals Volatility Alert
29Metals exhibits above-average semi-deviation for your current time horizon. 29Metals is a potential penny stock. Although 29Metals may be in fact a good instrument to invest, many penny stocks are speculative in nature and are subject to artificial price hype. Please make sure you totally understand the upside potential and downside risk of investing in 29Metals. We encourage investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswings, sudden news releases, promotions that are not reported, or demotions released before SEC filings. Please also check biographies and work history of current and past company officers before investing in high volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on 29Metals instrument if you perfectly time your entry and exit. However, remember that penny stocks that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.29Metals Fundamentals Vs Peers
Comparing 29Metals' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze 29Metals' direct or indirect competition across all of the common fundamentals between 29Metals and the related equities. This way, we can detect undervalued stocks with similar characteristics as 29Metals or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of 29Metals' fundamental indicators could also be used in its relative valuation, which is a method of valuing 29Metals by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare 29Metals to competition |
| Fundamentals | 29Metals | Peer Average |
| Return On Equity | -0.67 | -0.31 |
| Return On Asset | -0.11 | -0.14 |
| Profit Margin | (0.53) % | (1.27) % |
| Operating Margin | (0.19) % | (5.51) % |
| Current Valuation | 425.48 M | 16.62 B |
| Shares Outstanding | 702.07 M | 571.82 M |
| Shares Owned By Insiders | 13.70 % | 10.09 % |
| Shares Owned By Institutions | 73.94 % | 39.21 % |
| Price To Book | 0.80 X | 9.51 X |
| Price To Sales | 0.56 X | 11.42 X |
| Revenue | 453.88 M | 9.43 B |
| Gross Profit | 3.89 M | 27.38 B |
| EBITDA | (230.93 M) | 3.9 B |
| Net Income | (440.46 M) | 570.98 M |
| Total Debt | 271.33 M | 5.32 B |
| Book Value Per Share | 0.45 X | 1.93 K |
| Cash Flow From Operations | (36.52 M) | 971.22 M |
| Earnings Per Share | (0.33) X | 3.12 X |
| Target Price | 0.3 | |
| Beta | 0.84 | -0.15 |
| Market Capitalization | 256.26 M | 19.03 B |
| Total Asset | 981.21 M | 29.47 B |
| Retained Earnings | (376.3 M) | 9.33 B |
| Working Capital | 46.15 M | 1.48 B |
| Net Asset | 981.21 M |
29Metals Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as 29Metals . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About 29Metals Buy or Sell Advice
When is the right time to buy or sell 29Metals? Buying financial instruments such as 29Metals Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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Additional Tools for 29Metals Stock Analysis
When running 29Metals' price analysis, check to measure 29Metals' 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 29Metals is operating at the current time. Most of 29Metals' value examination focuses on studying past and present price action to predict the probability of 29Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 29Metals' price. Additionally, you may evaluate how the addition of 29Metals to your portfolios can decrease your overall portfolio volatility.