District Metals Corp Stock Buy Hold or Sell Recommendation
| DMX Stock | CAD 0.37 0.01 2.78% |
Assuming the 90 days horizon and your typical level of risk aversion, our recommendation regarding District Metals Corp is 'Strong Sell'. A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell District Metals Corp given historical horizon and risk tolerance towards District Metals. When Macroaxis issues a 'buy' or 'sell' recommendation for District Metals Corp, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out District Metals 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 District and provide practical buy, sell, or hold advice based on investors' constraints. District Metals Corp. 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.
District |
Execute District Metals Buy or Sell Advice
The District recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on District Metals Corp. Macroaxis does not own or have any residual interests in District Metals Corp or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute District Metals' 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 | Over hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Moves slightly opposite to the market | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
District Metals Trading Alerts and Improvement Suggestions
| District Metals Corp has some characteristics of a very speculative penny stock | |
| District Metals Corp had very high historical volatility over the last 90 days | |
| Net Loss for the year was (1.32 M) with loss before overhead, payroll, taxes, and interest of (15.65 K). | |
| District Metals Corp has accumulated about 5.04 M in cash with (848.43 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.07. | |
| Latest headline from news.google.com: District Metals Pursues Nasdaq First North Listing - TipRanks |
District Metals Returns Distribution Density
The distribution of District Metals' historical returns is an attempt to chart the uncertainty of District Metals' future price movements. The chart of the probability distribution of District Metals daily returns describes the distribution of returns around its average expected value. We use District Metals Corp price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of District Metals returns is essential to provide solid investment advice for District Metals.
| Mean Return | 0.31 | Value At Risk | -5.71 | Potential Upside | 7.50 | Standard Deviation | 4.17 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of District Metals 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.
District Metals Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 1.7M | 1.1M | (2.1M) | 1.0M | 1.2M | 1.2M | |
| Free Cash Flow | (523.1K) | (3.3M) | (3.7M) | (1.5M) | (1.7M) | (1.8M) | |
| Capital Expenditures | 150.5K | 1.4M | 2.6M | 614.7K | 553.2K | 902.0K | |
| Net Income | (1.1M) | (2.7M) | (1.7M) | (1.3M) | (1.5M) | (1.6M) | |
| End Period Cash Flow | 2.5M | 3.6M | 1.5M | 2.5M | 2.9M | 1.5M | |
| Investments | (240.1K) | (1.6M) | (2.7M) | (685.2K) | (616.7K) | (647.6K) |
District Metals 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 District Metals 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 District Metals' 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 District 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 | 0.37 | |
β | Beta against Dow Jones | -0.57 | |
σ | Overall volatility | 4.14 | |
Ir | Information ratio | 0.04 |
District Metals Volatility Alert
District Metals Corp shows above-average downside volatility for the selected time horizon. District Metals Corp is a potential penny stock. Although District Metals 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 District Metals Corp. 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 District 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.District Metals Fundamentals Vs Peers
Comparing District Metals' 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 District Metals' direct or indirect competition across all of the common fundamentals between District Metals and the related equities. This way, we can detect undervalued stocks with similar characteristics as District Metals or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of District Metals' fundamental indicators could also be used in its relative valuation, which is a method of valuing District Metals by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare District Metals to competition |
| Fundamentals | District Metals | Peer Average |
| Return On Equity | -0.24 | -0.31 |
| Return On Asset | -0.14 | -0.14 |
| Current Valuation | 40.34 M | 16.62 B |
| Shares Outstanding | 130.57 M | 571.82 M |
| Shares Owned By Insiders | 3.83 % | 10.09 % |
| Shares Owned By Institutions | 6.88 % | 39.21 % |
| Number Of Shares Shorted | 14.07 K | 4.71 M |
| Price To Book | 3.62 X | 9.51 X |
| Gross Profit | (15.65 K) | 27.38 B |
| EBITDA | (1.21 M) | 3.9 B |
| Net Income | (1.32 M) | 570.98 M |
| Cash And Equivalents | 5.04 M | 2.7 B |
| Cash Per Share | 0.07 X | 5.01 X |
| Total Debt | 119.24 K | 5.32 B |
| Current Ratio | 15.98 X | 2.16 X |
| Book Value Per Share | 0.1 X | 1.93 K |
| Cash Flow From Operations | (848.43 K) | 971.22 M |
| Short Ratio | 0.35 X | 4.00 X |
| Earnings Per Share | (0.02) X | 3.12 X |
| Beta | 1.13 | -0.15 |
| Market Capitalization | 46.35 M | 19.03 B |
| Total Asset | 10.12 M | 29.47 B |
| Retained Earnings | (61.2 M) | 9.33 B |
| Working Capital | 2.52 M | 1.48 B |
| Net Asset | 10.12 M |
District Metals Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as District . 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.
About District Metals Buy or Sell Advice
When is the right time to buy or sell District Metals Corp? Buying financial instruments such as District 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
In addition to having District Metals 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?
Run Drugs Thematic Idea Now
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Companies involved in medical and pharmaceutical drug research, manufacturing, and delivery. The Drugs theme has 48 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 Drugs Theme or any other thematic opportunities.
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Additional Tools for District Stock Analysis
When running District Metals' price analysis, check to measure District Metals' 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 District Metals is operating at the current time. Most of District Metals' value examination focuses on studying past and present price action to predict the probability of District Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move District Metals' price. Additionally, you may evaluate how the addition of District Metals to your portfolios can decrease your overall portfolio volatility.