Ascendant Resources Stock Buy Hold or Sell Recommendation
| ASND Stock | CAD 0.05 0.01 25.00% |
Assuming the 90 days trading horizon and your above-average risk tolerance, our recommendation regarding Ascendant Resources is 'Strong Sell'. The recommendation algorithm takes into account all of Ascendant Resources' available fundamental, technical, and predictive indicators you will find on this site.
Check out Ascendant Resources 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. In addition, we conduct extensive research on individual companies such as Ascendant and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Ascendant Resources. 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.
Ascendant |
Execute Ascendant Resources Buy or Sell Advice
The Ascendant recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Ascendant Resources. Macroaxis does not own or have any residual interests in Ascendant Resources or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Ascendant Resources' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Modest | Details | |
Volatility | Out of control | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Quite High | Details | |
Economic Sensitivity | Moves completely opposite to the market | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Ascendant Resources Trading Alerts and Improvement Suggestions
| Ascendant Resources is way too risky over 90 days horizon | |
| Ascendant Resources has some characteristics of a very speculative penny stock | |
| Ascendant Resources appears to be risky and price may revert if volatility continues | |
| Ascendant Resources has high likelihood to experience some financial distress in the next 2 years | |
| The company has C$18.42 Million in debt which may indicate that it relies heavily on debt financing | |
| Ascendant Resources has accumulated 18.42 M in total debt with debt to equity ratio (D/E) of 66.2, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Ascendant Resources has a current ratio of 0.62, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Ascendant Resources until it has trouble settling it off, either with new capital or with free cash flow. So, Ascendant Resources' 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 Ascendant Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Ascendant to invest in growth at high rates of return. When we think about Ascendant Resources' use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (7.76 M) with profit before overhead, payroll, taxes, and interest of 23.89 M. | |
| Ascendant Resources has accumulated about 2.21 M in cash with (2.6 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03. | |
| Latest headline from news.google.com: Ascendant advances Lagoa Salgada mine project By Investing.com - Investing.com UK |
Ascendant Resources Returns Distribution Density
The distribution of Ascendant Resources' historical returns is an attempt to chart the uncertainty of Ascendant Resources' future price movements. The chart of the probability distribution of Ascendant Resources daily returns describes the distribution of returns around its average expected value. We use Ascendant Resources price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Ascendant Resources returns is essential to provide solid investment advice for Ascendant Resources.
| Mean Return | 1.08 | Value At Risk | -20 | Potential Upside | 25.00 | Standard Deviation | 12.22 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Ascendant Resources 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.
Ascendant Resources Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (2.1M) | (928K) | 182K | 2.8M | (3.1M) | (3.0M) | |
| Capital Expenditures | 13.4M | 21.7M | 15.6M | 410K | 2.1M | 3.6M | |
| Net Income | (8.2M) | (3.0M) | (4.7M) | (10.3M) | (7.8M) | (7.4M) | |
| End Period Cash Flow | 1.7M | 756K | 938K | 3.8M | 637K | 605.2K | |
| Free Cash Flow | (7.9M) | 9.5M | (2.4M) | (1.8M) | (4.7M) | (4.4M) | |
| Other Non Cash Items | 11.9M | 307K | 2.3M | 8.1M | 4.8M | 5.0M | |
| Depreciation | 7.3M | 105K | 123K | 104K | 88K | 83.6K | |
| Change To Netincome | 2.8M | 12.3M | 21.5M | 3.1M | 3.6M | 6.1M | |
| Investments | (19.0M) | (920K) | (3.0M) | (9.0M) | (7.9M) | (8.3M) |
Ascendant Resources 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 Ascendant Resources 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 Ascendant Resources' 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 Ascendant 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 | 1.17 | |
β | Beta against Dow Jones | -4.69 | |
σ | Overall volatility | 11.65 | |
Ir | Information ratio | 0.09 |
Ascendant Resources Volatility Alert
Ascendant Resources is showing large volatility of returns over the selected time horizon. Ascendant Resources is a penny stock. Although Ascendant Resources may be in fact a good investment, many penny stocks are subject to artificial price hype. Make sure you completely understand the upside potential and downside risk of investing in Ascendant Resources. We encourage investors to look for signals such as message board hypes, claims of breakthroughs, email spams, sudden volume upswings, and other similar hype indicators. We also encourage traders to check biographies and work history of company officers before investing in instruments with high volatility. You can indeed make money on Ascendant 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.Ascendant Resources Fundamentals Vs Peers
Comparing Ascendant Resources' 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 Ascendant Resources' direct or indirect competition across all of the common fundamentals between Ascendant Resources and the related equities. This way, we can detect undervalued stocks with similar characteristics as Ascendant Resources or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Ascendant Resources' fundamental indicators could also be used in its relative valuation, which is a method of valuing Ascendant Resources by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Ascendant Resources to competition |
| Fundamentals | Ascendant Resources | Peer Average |
| Return On Equity | 2.31 | -0.31 |
| Return On Asset | -0.13 | -0.14 |
| Current Valuation | 35.8 M | 16.62 B |
| Shares Outstanding | 186.64 M | 571.82 M |
| Shares Owned By Insiders | 3.28 % | 10.09 % |
| Shares Owned By Institutions | 14.51 % | 39.21 % |
| Number Of Shares Shorted | 6.94 K | 4.71 M |
| Price To Earning | 12.50 X | 28.72 X |
| Price To Book | 6.10 X | 9.51 X |
| Price To Sales | 0.21 X | 11.42 X |
| Gross Profit | 23.89 M | 27.38 B |
| EBITDA | (2.89 M) | 3.9 B |
| Net Income | (7.76 M) | 570.98 M |
| Cash And Equivalents | 2.21 M | 2.7 B |
| Cash Per Share | 0.03 X | 5.01 X |
| Total Debt | 18.42 M | 5.32 B |
| Debt To Equity | 66.20 % | 48.70 % |
| Current Ratio | 0.63 X | 2.16 X |
| Book Value Per Share | (0.10) X | 1.93 K |
| Cash Flow From Operations | (2.6 M) | 971.22 M |
| Short Ratio | 0.03 X | 4.00 X |
| Earnings Per Share | (0.03) X | 3.12 X |
| Target Price | 0.28 | |
| Beta | 1.54 | -0.15 |
| Market Capitalization | 8.4 M | 19.03 B |
| Total Asset | 18.54 M | 29.47 B |
| Retained Earnings | (59.22 M) | 9.33 B |
| Working Capital | (4.67 M) | 1.48 B |
| Net Asset | 18.54 M |
Ascendant Resources Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Ascendant . 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.
| Daily Balance Of Power | 9.2 T | |||
| Rate Of Daily Change | 1.25 | |||
| Day Median Price | 0.05 | |||
| Day Typical Price | 0.05 | |||
| Price Action Indicator | 0.005 | |||
| Period Momentum Indicator | 0.01 | |||
| Relative Strength Index | 54.21 |
About Ascendant Resources Buy or Sell Advice
When is the right time to buy or sell Ascendant Resources? Buying financial instruments such as Ascendant 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.| 2023 | 2024 (projected) | Working Capital | 78.0K | 69.3K | Market Cap | 8.1M | 9.0M |
Use Investing Ideas to Build Portfolios
In addition to having Ascendant Resources in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Asset Management
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Asset Management theme has 7 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Asset Management Theme or any other thematic opportunities.
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Other Information on Investing in Ascendant Stock
Ascendant Resources financial ratios help investors to determine whether Ascendant 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 Ascendant with respect to the benefits of owning Ascendant Resources security.