Altima Resources Stock Buy Hold or Sell Recommendation
| ARH Stock | CAD 0.16 0.02 14.29% |
Assuming the 90 days horizon and your above-average risk tolerance, our recommendation regarding Altima Resources is 'Strong Sell'. A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Altima Resources given historical horizon and risk tolerance towards Altima Resources. When Macroaxis issues a 'buy' or 'sell' recommendation for Altima Resources, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out Altima 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. Note, we conduct extensive research on individual companies such as Altima and provide practical buy, sell, or hold advice based on investors' constraints. Altima 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.
Altima |
Execute Altima Resources Buy or Sell Advice
The Altima recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Altima Resources. Macroaxis does not own or have any residual interests in Altima Resources or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Altima Resources' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | OK | Details | |
Volatility | Out of control | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Above Average | Details | |
Economic Sensitivity | Moves slightly opposite to the market | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Altima Resources Trading Alerts and Improvement Suggestions
| Altima Resources is way too risky over 90 days horizon | |
| Altima Resources has some characteristics of a very speculative penny stock | |
| Altima Resources appears to be risky and price may revert if volatility continues | |
| Altima Resources has high likelihood to experience some financial distress in the next 2 years | |
| Altima Resources has accumulated 2 M in total debt with debt to equity ratio (D/E) of 1.01, which is about average as compared to similar companies. Altima Resources has a current ratio of 0.12, 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 Altima Resources until it has trouble settling it off, either with new capital or with free cash flow. So, Altima 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 Altima Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Altima to invest in growth at high rates of return. When we think about Altima Resources' use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 2.94 M. Net Loss for the year was (2.04 M) with loss before overhead, payroll, taxes, and interest of (143.16 K). | |
| Altima Resources has accumulated about 59.37 K in cash with (178.98 K) of positive cash flow from operations. | |
| Roughly 13.0% of Altima Resources shares are held by company insiders |
Altima Resources current analysts advice
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Altima analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Altima analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
The consensus estimates and target price estimation comprises individual analyst assessments, and may or may not mutch the Macroaxis buy or sell advice. It is determined by taking an average of all analyst recommendations and classifying them as Strong Buy, Buy, Hold, or Sell.
Altima Resources Returns Distribution Density
The distribution of Altima Resources' historical returns is an attempt to chart the uncertainty of Altima Resources' future price movements. The chart of the probability distribution of Altima Resources daily returns describes the distribution of returns around its average expected value. We use Altima Resources price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Altima Resources returns is essential to provide solid investment advice for Altima Resources.
| Mean Return | 0.84 | Value At Risk | -17.65 | Potential Upside | 20.00 | Standard Deviation | 11.59 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Altima 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.
Altima Resources Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 51.2K | (31.5K) | (69.4K) | 172.7K | 198.6K | 208.5K | |
| Net Borrowings | 35K | 139.4K | 179.0K | 132.2K | 152.0K | 159.6K | |
| Depreciation | 405.9K | (55.8K) | 556.3K | 569.0K | 512.1K | 486.5K | |
| Net Income | (267.3K) | (3.8M) | (271.3K) | (2.0M) | (2.4M) | (2.5M) | |
| Change To Netincome | 142.5K | (664.1K) | 74.7K | (1.5M) | (1.3M) | (1.3M) | |
| Investments | 0.0 | (190K) | (1.9K) | 616.7K | 555.0K | 295.4K | |
| End Period Cash Flow | 69.9K | 139.2K | 69.8K | 242.4K | 278.8K | 292.8K | |
| Free Cash Flow | 172.3K | (95.6K) | (954.9K) | (701.6K) | (631.4K) | (599.8K) | |
| Other Non Cash Items | 892.0 | (487.3K) | (1.3M) | 141.3K | 127.1K | 133.5K |
Altima 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 Altima Resources or Oil, Gas & Consumable Fuels 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 Altima 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 Altima 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 | 0.92 | |
β | Beta against Dow Jones | -0.74 | |
σ | Overall volatility | 11.61 | |
Ir | Information ratio | 0.06 |
Altima Resources Volatility Alert
Altima Resources is showing large volatility of returns over the selected time horizon. Altima Resources is a potential penny stock. Although Altima Resources 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 Altima Resources. 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 Altima 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.Altima Resources Fundamentals Vs Peers
Comparing Altima 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 Altima Resources' direct or indirect competition across all of the common fundamentals between Altima Resources and the related equities. This way, we can detect undervalued stocks with similar characteristics as Altima Resources or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Altima Resources' fundamental indicators could also be used in its relative valuation, which is a method of valuing Altima Resources by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Altima Resources to competition |
| Fundamentals | Altima Resources | Peer Average |
| Return On Asset | -0.14 | -0.14 |
| Profit Margin | (0.47) % | (1.27) % |
| Operating Margin | (0.06) % | (5.51) % |
| Current Valuation | 11.26 M | 16.62 B |
| Shares Outstanding | 56.87 M | 571.82 M |
| Shares Owned By Insiders | 13.46 % | 10.09 % |
| Number Of Shares Shorted | 4.36 K | 4.71 M |
| Price To Earning | 0.52 X | 28.72 X |
| Price To Sales | 2.68 X | 11.42 X |
| Revenue | 2.94 M | 9.43 B |
| Gross Profit | (143.16 K) | 27.38 B |
| EBITDA | (649.58 K) | 3.9 B |
| Net Income | (2.04 M) | 570.98 M |
| Cash And Equivalents | 59.37 K | 2.7 B |
| Total Debt | 2 M | 5.32 B |
| Debt To Equity | 1.01 % | 48.70 % |
| Current Ratio | 0.12 X | 2.16 X |
| Book Value Per Share | (0.17) X | 1.93 K |
| Cash Flow From Operations | (178.98 K) | 971.22 M |
| Short Ratio | 0.26 X | 4.00 X |
| Earnings Per Share | (0.03) X | 3.12 X |
| Beta | 1.95 | -0.15 |
| Market Capitalization | 9.1 M | 19.03 B |
| Total Asset | 6.45 M | 29.47 B |
| Retained Earnings | (41.76 M) | 9.33 B |
| Working Capital | (10.95 M) | 1.48 B |
| Net Asset | 6.45 M |
Altima Resources Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Altima . 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 | 1.14 | |||
| Day Median Price | 0.16 | |||
| Day Typical Price | 0.16 | |||
| Price Action Indicator | 0.01 | |||
| Period Momentum Indicator | 0.02 |
About Altima Resources Buy or Sell Advice
When is the right time to buy or sell Altima Resources? Buying financial instruments such as Altima 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.
Use Investing Ideas to Build Portfolios
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Companies involved in publishing of books, newspapers, periodicals and other mass publications. The Books theme has 46 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 Books Theme or any other thematic opportunities.
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Additional Tools for Altima Stock Analysis
When running Altima Resources' price analysis, check to measure Altima Resources' 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 Altima Resources is operating at the current time. Most of Altima Resources' value examination focuses on studying past and present price action to predict the probability of Altima Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Altima Resources' price. Additionally, you may evaluate how the addition of Altima Resources to your portfolios can decrease your overall portfolio volatility.