Pure Global Cannabis Stock Probability Of Bankruptcy
Pure Global's odds of distress is above 80% at the present time. It has very high probability of going through financial straits in the upcoming years. Pure Global's Chance of financial distress is determined by interpolating and adjusting Pure Altman Z Score to account for off-balance-sheet items and missing or unfiled public information. All items used in analyzing the odds of distress are taken from the Pure balance sheet, as well as cash flow and income statements available from the company's most recent filings. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pure Global Cannabis. 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.
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Pure Global Cannabis Company chance of financial distress Analysis
Pure Global's Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
More About Probability Of Bankruptcy | All Equity Analysis
Probability Of Bankruptcy | = | Normalized | | Z-Score |
Current Pure Global Probability Of Bankruptcy | Over 86% |
Most of Pure Global's fundamental indicators, such as Probability Of Bankruptcy, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Pure Global Cannabis is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Pure Global probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting Pure Global odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of Pure Global Cannabis financial health.
The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
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Based on the latest financial disclosure, Pure Global Cannabis has a Probability Of Bankruptcy of 86%. This is 98.66% higher than that of the Healthcare sector and significantly higher than that of the Drug Manufacturers—Specialty & Generic industry. The probability of bankruptcy for all United States stocks is 115.92% lower than that of the firm.
Pure Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Pure Global's direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of Pure Global could also be used in its relative valuation, which is a method of valuing Pure Global by comparing valuation metrics of similar companies.Pure Global is currently under evaluation in probability of bankruptcy category among its peers.
Pure Fundamentals
| Return On Equity | -1.46 | |||
| Return On Asset | -0.29 | |||
| Operating Margin | (7.56) % | |||
| Current Valuation | 32.31 K | |||
| Shares Outstanding | 161.56 M | |||
| Shares Owned By Insiders | 16.36 % | |||
| Price To Book | 0.01 X | |||
| Price To Sales | 0 X | |||
| EBITDA | (23.37 M) | |||
| Net Income | (23.42 M) | |||
| Cash And Equivalents | 146.1 K | |||
| Total Debt | 7.23 M | |||
| Debt To Equity | 3.05 % | |||
| Current Ratio | 0.31 X | |||
| Book Value Per Share | 0.02 X | |||
| Cash Flow From Operations | (8.99 M) | |||
| Earnings Per Share | (0.06) X | |||
| Number Of Employees | 12 | |||
| Beta | 0.85 | |||
| Market Capitalization | 3.23 K | |||
| Total Asset | 22.24 M | |||
| Z Score | -3.3 | |||
| Net Asset | 22.24 M |
About Pure Global Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Pure Global Cannabis's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Pure Global using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Pure Global Cannabis based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Other Information on Investing in Pure Pink Sheet
Pure Global financial ratios help investors to determine whether Pure 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 Pure with respect to the benefits of owning Pure Global security.