Meeka Metals (Australia) Buy Hold or Sell Recommendation
| MEK Stock | 0.11 0.00 0.00% |
Assuming the 90 days trading horizon and your above-average risk tolerance, our recommendation regarding Meeka Metals Limited is 'Strong Sell'. A buy or sell recommendation is an automated directive regarding whether to purchase or sell Meeka Metals Limited given historical horizon and risk tolerance. When we issue a 'buy' or 'sell' recommendation for Meeka Metals Limited, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out Meeka 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 Meeka and provide practical buy, sell, or hold advice based on investors' constraints. Meeka Metals Limited. 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.
Meeka |
Execute Meeka Metals Buy or Sell Advice
The Meeka recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Meeka Metals Limited. Macroaxis does not own or have any residual interests in Meeka Metals Limited or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Meeka 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 | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Moves indifferently to market moves | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Meeka Metals Trading Alerts and Improvement Suggestions
| Meeka Metals Limited has some characteristics of a very speculative penny stock | |
| Meeka Metals Limited appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 48.73 K. Net Loss for the year was (2.94 M) with profit before overhead, payroll, taxes, and interest of 48.73 K. | |
| Meeka Metals Limited has accumulated about 2.47 M in cash with (1.52 M) of positive cash flow from operations. | |
| Roughly 21.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Meeka Metals Clarifies ASX Query on Drilling Results - TipRanks |
Meeka Metals Returns Distribution Density
The distribution of Meeka Metals' historical returns is an attempt to chart the uncertainty of Meeka Metals' future price movements. The chart of the probability distribution of Meeka Metals daily returns describes the distribution of returns around its average expected value. We use Meeka Metals Limited price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Meeka Metals returns is essential to provide solid investment advice for Meeka Metals.
| Mean Return | 0.55 | Value At Risk | -5.71 | Potential Upside | 9.09 | Standard Deviation | 4.94 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Meeka 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.
Meeka Metals Cash Flow Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Change In Cash | 6.0M | (6.7M) | 304.0K | 176.0K | 158.4K | 128.5K | |
| Free Cash Flow | (10.4M) | (6.3M) | (8.2M) | (7.0M) | (6.3M) | (6.0M) | |
| Capital Expenditures | 9.7M | 5.6M | 7.1M | 5.5M | 6.3M | 6.6M | |
| End Period Cash Flow | 9.2M | 2.5M | 2.8M | 3.0M | 3.4M | 1.7M | |
| Other Non Cash Items | 233.2K | 2.3M | 381.5K | 110.1K | 126.6K | 120.3K | |
| Net Income | (3.4M) | (3.0M) | (994.1K) | (2.9M) | (2.6M) | (2.5M) | |
| Investments | (9.7M) | (6.0M) | (6.9M) | (5.5M) | (5.0M) | (5.2M) |
Meeka 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 Meeka 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 Meeka 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 Meeka 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 | 0.55 | |
β | Beta against Dow Jones | -0.07 | |
σ | Overall volatility | 4.88 | |
Ir | Information ratio | 0.09 |
Meeka Metals Volatility Alert
Meeka Metals Limited exhibits above-average semi-deviation for your current time horizon. Meeka Metals Limited is a potential penny stock. Although Meeka 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 Meeka Metals Limited. 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 Meeka 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.Meeka Metals Fundamentals Vs Peers
Comparing Meeka 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 Meeka Metals' direct or indirect competition across all of the common fundamentals between Meeka Metals and the related equities. This way, we can detect undervalued stocks with similar characteristics as Meeka Metals or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Meeka Metals' fundamental indicators could also be used in its relative valuation, which is a method of valuing Meeka Metals by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Meeka Metals to competition |
| Fundamentals | Meeka Metals | Peer Average |
| Return On Equity | -0.11 | -0.31 |
| Return On Asset | -0.0513 | -0.14 |
| Operating Margin | (36.74) % | (5.51) % |
| Current Valuation | 272.8 M | 16.62 B |
| Shares Outstanding | 2.49 B | 571.82 M |
| Shares Owned By Insiders | 21.27 % | 10.09 % |
| Shares Owned By Institutions | 9.29 % | 39.21 % |
| Price To Book | 9.80 X | 9.51 X |
| Price To Sales | 5,358 X | 11.42 X |
| Revenue | 48.73 K | 9.43 B |
| Gross Profit | 48.73 K | 27.38 B |
| EBITDA | (1.66 M) | 3.9 B |
| Net Income | (2.94 M) | 570.98 M |
| Cash And Equivalents | 2.47 M | 2.7 B |
| Total Debt | 2.23 M | 5.32 B |
| Book Value Per Share | 0.02 X | 1.93 K |
| Cash Flow From Operations | (1.52 M) | 971.22 M |
| Target Price | 0.23 | |
| Beta | 0.71 | -0.15 |
| Market Capitalization | 261.1 M | 19.03 B |
| Total Asset | 35.45 M | 29.47 B |
| Retained Earnings | (43.51 M) | 9.33 B |
| Working Capital | (193.96 K) | 1.48 B |
| Net Asset | 35.45 M |
Meeka Metals Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Meeka . 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.
| Accumulation Distribution | 590919.0 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 0.11 | |||
| Day Typical Price | 0.11 | |||
| Price Action Indicator | 0.005 |
About Meeka Metals Buy or Sell Advice
When is the right time to buy or sell Meeka Metals Limited? Buying financial instruments such as Meeka 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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In addition to having Meeka 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?
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Additional Tools for Meeka Stock Analysis
When running Meeka Metals' price analysis, check to measure Meeka 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 Meeka Metals is operating at the current time. Most of Meeka Metals' value examination focuses on studying past and present price action to predict the probability of Meeka Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Meeka Metals' price. Additionally, you may evaluate how the addition of Meeka Metals to your portfolios can decrease your overall portfolio volatility.