EVE Health (Australia) Buy Hold or Sell Recommendation
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Assuming the 90 days trading horizon and your typical level of risk aversion, our recommendation regarding EVE Health Group is 'Strong Sell'. A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell EVE Health Group given historical horizon and risk tolerance towards EVE Health. When Macroaxis issues a 'buy' or 'sell' recommendation for EVE Health Group, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out EVE Health 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 EVE and provide practical buy, sell, or hold advice based on investors' constraints. EVE Health Group. 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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Execute EVE Health Buy or Sell Advice
The EVE recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on EVE Health Group. Macroaxis does not own or have any residual interests in EVE Health Group or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute EVE Health's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
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Not Rated
EVE Health Trading Alerts and Improvement Suggestions
| EVE Health Group generated a negative expected return over the last 90 days | |
| EVE Health Group has some characteristics of a very speculative penny stock | |
| The company reported the revenue of 2.13 M. Net Loss for the year was (1.55 M) with profit before overhead, payroll, taxes, and interest of 827.83 K. | |
| EVE Health Group has accumulated about 1.1 M in cash with (1.11 M) of positive cash flow from operations. | |
| Roughly 51.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Trump Media Stock, Prediction Markets Move on Eve of Election Day - Yahoo Finance |
EVE Health Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 4.8M | (2.0M) | (2.1M) | (909.9K) | (86.3K) | (82.0K) | |
| Free Cash Flow | (3.5M) | (2.5M) | (3.8M) | (1.7M) | (1.1M) | (1.2M) | |
| Other Non Cash Items | 476.5K | 814.4K | 2.0M | (397.9K) | 441.7K | 419.7K | |
| Capital Expenditures | 322.6K | 263.4K | 26.0K | 1.6K | 4.0 | 3.8 | |
| Net Income | (2.4M) | (3.6M) | (5.1M) | (2.3M) | (1.5M) | (1.6M) | |
| End Period Cash Flow | 5.1M | 3.2M | 1.1M | 192.5K | 106.2K | 100.9K | |
| Depreciation | 277.8K | 324.5K | 226.3K | 166.9K | 7.0K | 6.7K | |
| Investments | (557.1K) | (263.4K) | (26.0K) | 498.5K | 874.3K | 918.0K | |
| Change To Netincome | 149.9K | 613.7K | 1.5M | 1.5M | 1.4M | 1.1M | |
| Net Borrowings | (819.8K) | (109.2K) | (265.8K) | 21.7K | 19.5K | 24.8K | |
| Dividends Paid | 7.9M | 610.4K | 1.7M | 277.8K | 250K | 237.5K |
EVE Health 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 EVE Health or Capital Markets 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 EVE Health's 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 EVE 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 | 0.00 | |
β | Beta against Dow Jones | 0.00 | |
σ | Overall volatility | 0.00 | |
Ir | Information ratio | 0.00 |
EVE Health Volatility Alert
At this time EVE Health Group exhibits very low volatility. EVE Health Group is a penny stock. Even though EVE Health may be a good instrument to invest, many penny stocks are speculative instruments that are subject to artificial stock promotions. Please make sure you fully understand upside and downside scenarios of investing in EVE Health Group or similar risky assets. We encourage investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswings,sudden promotions and many other similar artificial hype indicators. We also encourage traders to check work history of company executives before investing in high-volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on EVE 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.EVE Health Fundamentals Vs Peers
Comparing EVE Health's 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 EVE Health's direct or indirect competition across all of the common fundamentals between EVE Health and the related equities. This way, we can detect undervalued stocks with similar characteristics as EVE Health or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of EVE Health's fundamental indicators could also be used in its relative valuation, which is a method of valuing EVE Health by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare EVE Health to competition |
| Fundamentals | EVE Health | Peer Average |
| Return On Equity | -0.71 | -0.31 |
| Return On Asset | -0.3 | -0.14 |
| Profit Margin | (0.89) % | (1.27) % |
| Operating Margin | (0.75) % | (5.51) % |
| Current Valuation | 5.24 M | 16.62 B |
| Shares Outstanding | 5.27 B | 571.82 M |
| Shares Owned By Insiders | 51.24 % | 10.09 % |
| Price To Book | 4.31 X | 9.51 X |
| Price To Sales | 2.47 X | 11.42 X |
| Revenue | 2.13 M | 9.43 B |
| Gross Profit | 827.83 K | 27.38 B |
| EBITDA | (1.51 M) | 3.9 B |
| Net Income | (1.55 M) | 570.98 M |
| Cash And Equivalents | 1.1 M | 2.7 B |
| Total Debt | 74.85 K | 5.32 B |
| Cash Flow From Operations | (1.11 M) | 971.22 M |
| Beta | 0.94 | -0.15 |
| Market Capitalization | 5.27 M | 19.03 B |
| Total Asset | 2.52 M | 29.47 B |
| Retained Earnings | (34.8 M) | 9.33 B |
| Working Capital | 1.22 M | 1.48 B |
| Net Asset | 2.52 M |
EVE Health Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as EVE . 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 EVE Health Buy or Sell Advice
When is the right time to buy or sell EVE Health Group? Buying financial instruments such as EVE 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.
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Additional Tools for EVE Stock Analysis
When running EVE Health's price analysis, check to measure EVE Health'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 EVE Health is operating at the current time. Most of EVE Health's value examination focuses on studying past and present price action to predict the probability of EVE Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EVE Health's price. Additionally, you may evaluate how the addition of EVE Health to your portfolios can decrease your overall portfolio volatility.