29Metals (Australia) Price on September 30, 2024
| 29M Stock | 0.38 0.01 2.56% |
If you're considering investing in 29Metals Stock, it is important to understand the factors that can impact its price. As of today, the current price of 29Metals stands at 0.38, as last reported on the 25th of November, with the highest price reaching 0.40 and the lowest price hitting 0.38 during the day. Currently, 29Metals is out of control. 29Metals secures Sharpe Ratio (or Efficiency) of 0.0186, which signifies that the company had a 0.0186% return per unit of price deviation over the last 3 months. We have found thirty technical indicators for 29Metals, which you can use to evaluate the volatility of the entity. Please confirm 29Metals' Standard Deviation of 5.21, mean deviation of 3.66, and Coefficient Of Variation of 8800.85 to double-check if the risk estimate we provide is consistent with the expected return of 0.0966%.
At this time, 29Metals' Common Stock Shares Outstanding is comparatively stable compared to the past year. Total Stockholder Equity is likely to gain to about 525 M in 2024, whereas Capital Stock is likely to drop slightly above 699.4 M in 2024. . 29Metals Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
29Metals |
Sharpe Ratio = 0.0186
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| Cash | Small Risk | Average Risk | 29M | Huge Risk |
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Estimated Market Risk
| 5.2 actual daily | 46 54% of assets are more volatile |
Expected Return
| 0.1 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average 29Metals is performing at about 1% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of 29Metals by adding it to a well-diversified portfolio.
Price Book 0.8452 | Enterprise Value Ebitda (1.96) | Price Sales 0.5828 | Shares Float 359.1 M | Wall Street Target Price 0.2967 |
29Metals Valuation on September 30, 2024
It is possible to determine the worth of 29Metals on a given historical date. On September 30, 2024 29Metals was worth 0.47 at the beginning of the trading date compared to the closed value of 0.52. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of 29Metals stock. Still, in general, we apply an absolute valuation method to find 29Metals' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of 29Metals where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against 29Metals' related companies.
| Open | High | Low | Close | Volume | |
| 0.46 | 0.48 | 0.44 | 0.47 | 4,476,869 | |
09/30/2024 | 0.47 | 0.53 | 0.47 | 0.52 | 5,077,496 |
| 0.51 | 0.52 | 0.48 | 0.51 | 2,755,636 |
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29Metals Trading Date Momentum on September 30, 2024
| On October 01 2024 29Metals was traded for 0.51 at the closing time. The maximum traded price for the trading interval was 0.52 and the lowest daily price was 0.48 . The daily volume was recorded at 2.8 M. The volume of trading on 1st of October 2024 played a part in the next trading day price drop. The daily price change to the next closing price was 1.92% . The daily price change to the closing price today is 5.77% . |
29Metals Fundamentals Correlations and Trends
By evaluating 29Metals' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among 29Metals' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. 29Metals financial account trend analysis is a perfect complement when working with valuation or volatility modules.About 29Metals Stock history
29Metals investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for 29Metals is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in 29Metals will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing 29Metals stock prices may prove useful in developing a viable investing in 29Metals
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 551.5 M | 553 M | |
| Net Loss | -42.5 M | -40.4 M |
29Metals Stock Technical Analysis
29Metals technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
29Metals Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
29Metals cannot be verified against its exchange. Please verify the symbol is currently traded on Australian Securities Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
29Metals November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how 29Metals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading 29Metals shares will generate the highest return on investment. By undertsting and applying 29Metals stock market strength indicators, traders can identify 29Metals entry and exit signals to maximize returns
29Metals Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for 29Metals' price direction in advance. Along with the technical and fundamental analysis of 29Metals Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of 29Metals to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0172 | |||
| Jensen Alpha | 0.0081 | |||
| Total Risk Alpha | (0.77) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1444 |
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Additional Tools for 29Metals Stock Analysis
When running 29Metals' price analysis, check to measure 29Metals' 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 29Metals is operating at the current time. Most of 29Metals' value examination focuses on studying past and present price action to predict the probability of 29Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 29Metals' price. Additionally, you may evaluate how the addition of 29Metals to your portfolios can decrease your overall portfolio volatility.