Elray Resources Stock Buy Hold or Sell Recommendation
| ELRA Stock | USD 0.0004 0.0001 20.00% |
Given the investment horizon of 90 days and your highly speculative risk level, our recommendation regarding Elray Resources is 'Strong Sell'. Macroaxis provides Elray Resources buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding ELRA positions.
Check out Elray 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 Elray and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Elray 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 metropolitan statistical area.
Elray |
Execute Elray Resources Buy or Sell Advice
The Elray recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Elray Resources. Macroaxis does not own or have any residual interests in Elray Resources or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Elray Resources' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Sell
Market Performance | Modest | Details | |
Volatility | Out of control | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | High | Details | |
Economic Sensitivity | Moves completely opposite to the market | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Elray Resources Trading Alerts and Improvement Suggestions
| Elray Resources is way too risky over 90 days horizon | |
| Elray Resources has some characteristics of a very speculative penny stock | |
| Elray Resources appears to be risky and price may revert if volatility continues | |
| Elray Resources has a very high chance of going through financial distress in the upcoming years | |
| Elray Resources currently holds 4.95 M in liabilities. Elray Resources has a current ratio of 0.01, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Elray Resources until it has trouble settling it off, either with new capital or with free cash flow. So, Elray 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 Elray Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Elray to invest in growth at high rates of return. When we think about Elray Resources' use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 484.11 K. Net Loss for the year was (1.09 M) with profit before overhead, payroll, taxes, and interest of 632 K. |
Elray Resources Returns Distribution Density
The distribution of Elray Resources' historical returns is an attempt to chart the uncertainty of Elray Resources' future price movements. The chart of the probability distribution of Elray Resources daily returns describes the distribution of returns around its average expected value. We use Elray Resources price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Elray Resources returns is essential to provide solid investment advice for Elray Resources.
| Mean Return | 1.37 | Value At Risk | -20 | Potential Upside | 25.00 | Standard Deviation | 18.01 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Elray 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.
Elray 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 Elray Resources or Consumer Cyclical 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 Elray Resources' price will be affected by overall pink sheet 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 Elray pink sheet'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 | 1.78 | |
β | Beta against Dow Jones | -7.28 | |
σ | Overall volatility | 18.30 | |
Ir | Information ratio | 0.07 |
Elray Resources Volatility Alert
Elray Resources is showing large volatility of returns over the selected time horizon. Elray Resources appears to be a penny stock. Although Elray Resources may be, in fact, a solid short-term or long term investment, many penny pink sheets are speculative investment instruments that are often subject to artificial stock promotion and campaigns of hype which may lead to misinformation and misrepresentation. Please make sure you fully understand upside potential and downside risks of investing in Elray Resources or similar risky assets. We encourage investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswing without any event/news,and sudden news releases. We also encourage traders to check biographies and work history of company President, CEO or other officers before investing in high-volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on Elray instrument if you perfectly time your entry and exit. However, remember that penny pink sheets 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.Elray Resources Fundamentals Vs Peers
Comparing Elray 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 Elray Resources' direct or indirect competition across all of the common fundamentals between Elray Resources and the related equities. This way, we can detect undervalued stocks with similar characteristics as Elray Resources or determine the pink sheets which would be an excellent addition to an existing portfolio. Peer analysis of Elray Resources' fundamental indicators could also be used in its relative valuation, which is a method of valuing Elray Resources by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Elray Resources to competition |
| Fundamentals | Elray Resources | Peer Average |
| Return On Asset | -0.75 | -0.14 |
| Current Valuation | 7.21 M | 16.62 B |
| Shares Outstanding | 2.41 B | 571.82 M |
| Shares Owned By Insiders | 9.74 % | 10.09 % |
| Price To Sales | 4.42 X | 11.42 X |
| Revenue | 484.11 K | 9.43 B |
| Gross Profit | 632 K | 27.38 B |
| EBITDA | 649.93 K | 3.9 B |
| Net Income | (1.09 M) | 570.98 M |
| Cash And Equivalents | 5.01 K | 2.7 B |
| Total Debt | 4.95 M | 5.32 B |
| Current Ratio | 0.01 X | 2.16 X |
| Book Value Per Share | (0.01) X | 1.93 K |
| Cash Flow From Operations | 1.85 K | 971.22 M |
| Earnings Per Share | (0) X | 3.12 X |
| Number Of Employees | 4 | 18.84 K |
| Beta | 30.74 | -0.15 |
| Market Capitalization | 1.8 M | 19.03 B |
| Total Asset | 2.18 M | 29.47 B |
| Retained Earnings | (28.38 M) | 9.33 B |
| Working Capital | (10.34 M) | 1.48 B |
| Current Asset | 2.17 M | 9.34 B |
| Current Liabilities | 12.51 M | 7.9 B |
| Z Score | -21.6 | 8.72 |
Elray Resources Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Elray . 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 | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.8 | |||
| Day Median Price | 4.0E-4 | |||
| Day Typical Price | 4.0E-4 | |||
| Price Action Indicator | (0.00005) | |||
| Period Momentum Indicator | (0.0001) |
About Elray Resources Buy or Sell Advice
When is the right time to buy or sell Elray Resources? Buying financial instruments such as Elray Pink Sheet 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.
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Other Information on Investing in Elray Pink Sheet
Elray Resources financial ratios help investors to determine whether Elray Pink Sheet 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 Elray with respect to the benefits of owning Elray Resources security.