Bynd Cannasoft Enterprises Stock Price on November 29, 2024
| BCAN Stock | USD 8.07 0.07 0.88% |
If you're considering investing in BYND Stock, it is important to understand the factors that can impact its price. As of today, the current price of BYND Cannasoft stands at 8.07, as last reported on the 1st of December, with the highest price reaching 8.10 and the lowest price hitting 7.80 during the day. BYND Cannasoft Enter secures Sharpe Ratio (or Efficiency) of -0.0593, which signifies that the company had a -0.0593% return per unit of risk over the last 3 months. BYND Cannasoft Enterprises exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm BYND Cannasoft's mean deviation of 0.9162, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide.
At this time, BYND Cannasoft's Other Stockholder Equity is very stable compared to the past year. As of the 1st of December 2024, Common Stock is likely to grow to about 62.3 M, while Total Stockholder Equity is likely to drop about 20 M. . At this time, BYND Cannasoft's Price Book Value Ratio is very stable compared to the past year. As of the 1st of December 2024, Price To Book Ratio is likely to grow to 0.53, while Price To Sales Ratio is likely to drop 15.40. BYND Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
BYND |
Sharpe Ratio = -0.0593
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Estimated Market Risk
| 1.24 actual daily | 11 89% of assets are more volatile |
Expected Return
| -0.07 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average BYND Cannasoft is not performing at its full potential. However, 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 BYND Cannasoft by adding BYND Cannasoft to a well-diversified portfolio.
Price Book 2.5338 | Enterprise Value Ebitda (21.02) | Price Sales 4.7247 | Shares Float 464.2 K | Earnings Share (969.93) |
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BYND Cannasoft Valuation on November 29, 2024
It is possible to determine the worth of BYND Cannasoft on a given historical date. On November 29, 2024 BYND was worth 8.0 at the beginning of the trading date compared to the closed value of 8.07. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of BYND Cannasoft stock. Still, in general, we apply an absolute valuation method to find BYND Cannasoft's 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 BYND Cannasoft where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against BYND Cannasoft's related companies.
| Open | High | Low | Close | Volume | |
| 8.00 | 8.00 | 8.00 | 8.00 | 624.00 | |
11/29/2024 | 8.00 | 8.10 | 7.80 | 8.07 | 2,242 |
| 8.00 | 8.10 | 7.80 | 8.07 | 0.00 |
| Backtest BYND Cannasoft | | | BYND Cannasoft History | | | BYND Cannasoft Valuation | Previous | Next |
BYND Cannasoft Trading Date Momentum on November 29, 2024
| On December 01 2024 BYND Cannasoft Enterprises was traded for 8.07 at the closing time. The top price for the day was 8.10 and the lowest listed price was 7.80 . There was no trading activity during the period 0.0. Lack of trading volume on December 1, 2024 did not affect price variability. The overall trading delta against the current closing price is 0.87% . |
BYND Cannasoft Enter Fundamentals Correlations and Trends
By evaluating BYND Cannasoft's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among BYND Cannasoft's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. BYND financial account trend analysis is a perfect complement when working with valuation or volatility modules.About BYND Cannasoft Stock history
BYND Cannasoft 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 BYND is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in BYND Cannasoft Enter 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 BYND Cannasoft stock prices may prove useful in developing a viable investing in BYND Cannasoft
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 12 K | 11.4 K | |
| Net Loss | -4.4 M | -4.2 M |
BYND Cannasoft Quarterly Net Working Capital |
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BYND Cannasoft Stock Technical Analysis
BYND Cannasoft 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
BYND Cannasoft Period Price Range
Low | December 1, 2024
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0.00 | 0.00 |
BYND Cannasoft Enterprises cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ 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.
BYND Cannasoft December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how BYND Cannasoft stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading BYND Cannasoft shares will generate the highest return on investment. By undertsting and applying BYND Cannasoft stock market strength indicators, traders can identify BYND Cannasoft Enterprises entry and exit signals to maximize returns
BYND Cannasoft Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for BYND Cannasoft's price direction in advance. Along with the technical and fundamental analysis of BYND Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of BYND 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 | (0.04) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | 0.9949 |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BYND Cannasoft Enterprises. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of BYND Cannasoft. If investors know BYND will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about BYND Cannasoft listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (969.93) | Revenue Per Share 7.624 | Quarterly Revenue Growth 0.617 | Return On Assets (0.14) | Return On Equity (1.69) |
The market value of BYND Cannasoft Enter is measured differently than its book value, which is the value of BYND that is recorded on the company's balance sheet. Investors also form their own opinion of BYND Cannasoft's value that differs from its market value or its book value, called intrinsic value, which is BYND Cannasoft's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because BYND Cannasoft's market value can be influenced by many factors that don't directly affect BYND Cannasoft's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between BYND Cannasoft's value and its price as these two are different measures arrived at by different means. Investors typically determine if BYND Cannasoft is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BYND Cannasoft's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.