Medicure Stock Price on April 19, 2024
| MPH Stock | CAD 0.98 0.00 0.00% |
Below is the normalized historical share price chart for Medicure extending back to May 06, 2005. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Medicure stands at 0.98, as last reported on the 12th of December 2024, with the highest price reaching 0.98 and the lowest price hitting 0.98 during the day.
If you're considering investing in Medicure Stock, it is important to understand the factors that can impact its price. At this stage we consider Medicure Stock to be extremely dangerous. Medicure has Sharpe Ratio of 0.0046, which conveys that the firm had a 0.0046% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Medicure, which you can use to evaluate the volatility of the firm. Please verify Medicure's Mean Deviation of 1.41, downside deviation of 7.39, and Risk Adjusted Performance of 0.0142 to check out if the risk estimate we provide is consistent with the expected return of 0.0195%.
At this time, Medicure's Liabilities And Stockholders Equity is fairly stable compared to the past year. Common Stock is likely to climb to about 98.8 M in 2024, whereas Common Stock Shares Outstanding is likely to drop slightly above 10.8 M in 2024. . At this time, Medicure's Price Earnings To Growth Ratio is fairly stable compared to the past year. Price To Free Cash Flows Ratio is likely to climb to 8.48 in 2024, whereas Price To Sales Ratio is likely to drop 0.64 in 2024. Medicure Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 1.0375 | 50 Day MA 0.9256 | Beta 0.869 |
Medicure |
Sharpe Ratio = 0.0046
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Estimated Market Risk
| 4.21 actual daily | 37 63% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Medicure is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Medicure by adding Medicure to a well-diversified portfolio.
Price Book 0.5118 | Enterprise Value Ebitda 6.6635 | Price Sales 0.4886 | Shares Float 5.2 M | Wall Street Target Price 2.8 |
Medicure Valuation on April 19, 2024
It is possible to determine the worth of Medicure on a given historical date. On April 19, 2024 Medicure was worth 1.03 at the beginning of the trading date compared to the closed value of 1.03. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Medicure stock. Still, in general, we apply an absolute valuation method to find Medicure's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Medicure where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Medicure's related companies.
| Open | High | Low | Close | Volume | |
| 1.08 | 1.08 | 1.03 | 1.03 | 16,900 | |
04/19/2024 | 1.03 | 1.03 | 1.03 | 1.03 | 1.00 |
| 1.05 | 1.05 | 0.99 | 0.99 | 3,300 |
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Medicure Trading Date Momentum on April 19, 2024
| On April 22 2024 Medicure was traded for 0.99 at the closing time. The highest daily price throughout the period was 1.05 and the lowest price was 0.99 . The daily volume was 3.3 K. The net trading volume on 04/22/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 3.88% . The trading delta at closing time to current closing price is 3.88% . |
Medicure Fundamentals Correlations and Trends
By evaluating Medicure's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Medicure's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Medicure financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Medicure Stock history
Medicure investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Medicure is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Medicure will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Medicure stock prices may prove useful in developing a viable investing in Medicure
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 12 M | 10.8 M | |
| Net Loss | -654.3 K | -621.6 K |
Medicure Quarterly Net Working Capital |
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Medicure Stock Technical Analysis
Medicure technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Medicure Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
Medicure cannot be verified against its exchange. Please verify the symbol is currently traded on TSX Venture Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Medicure December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how Medicure stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Medicure shares will generate the highest return on investment. By undertsting and applying Medicure stock market strength indicators, traders can identify Medicure entry and exit signals to maximize returns
Medicure Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Medicure's price direction in advance. Along with the technical and fundamental analysis of Medicure Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Medicure to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0142 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.63) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0301 |
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Additional Tools for Medicure Stock Analysis
When running Medicure's price analysis, check to measure Medicure's 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 Medicure is operating at the current time. Most of Medicure's value examination focuses on studying past and present price action to predict the probability of Medicure's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Medicure's price. Additionally, you may evaluate how the addition of Medicure to your portfolios can decrease your overall portfolio volatility.