Neo Battery Materials Stock Price on November 27, 2024
| NBM Stock | CAD 0.88 0.03 3.53% |
If you're considering investing in Neo Stock, it is important to understand the factors that can impact its price. As of today, the current price of Neo Battery stands at 0.88, as last reported on the 2nd of December, with the highest price reaching 0.91 and the lowest price hitting 0.84 during the day. Neo Battery is out of control given 3 months investment horizon. Neo Battery Materials has Sharpe Ratio of 0.32, which conveys that the firm had a 0.32% return per unit of risk over the last 3 months. We were able to interpolate thirty different technical indicators, which can help you to evaluate if expected returns of 3.8% are justified by taking the suggested risk. Use Neo Battery Materials Risk Adjusted Performance of 0.2465, mean deviation of 7.89, and Downside Deviation of 11.8 to evaluate company specific risk that cannot be diversified away.
Issuance Of Capital Stock is likely to climb to about 3.8 M in 2024, whereas Other Stockholder Equity is likely to drop slightly above 6.5 M in 2024. . At this time, Neo Battery's Price Book Value Ratio is fairly stable compared to the past year. Price To Book Ratio is likely to climb to 11.49 in 2024, whereas Price Earnings To Growth Ratio is likely to drop (0.13) in 2024. Neo Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Neo |
Sharpe Ratio = 0.317
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| Good Returns | NBM | |||
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Estimated Market Risk
| 11.99 actual daily | 96 96% of assets are less volatile |
Expected Return
| 3.8 actual daily | 75 75% of assets have lower returns |
Risk-Adjusted Return
| 0.32 actual daily | 24 76% of assets perform better |
Based on monthly moving average Neo Battery is performing at about 24% 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 Neo Battery by adding it to a well-diversified portfolio.
Price Book 73.4365 | Book Value 0.012 | Enterprise Value 103.2 M | Enterprise Value Ebitda (17.65) | Shares Float 110.2 M |
Neo Battery Valuation on November 27, 2024
It is possible to determine the worth of Neo Battery on a given historical date. On November 27, 2024 Neo was worth 0.85 at the beginning of the trading date compared to the closed value of 0.84. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Neo Battery stock. Still, in general, we apply an absolute valuation method to find Neo Battery'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 Neo Battery where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Neo Battery's related companies.
| Open | High | Low | Close | Volume | |
| 0.75 | 0.88 | 0.75 | 0.85 | 674,352 | |
11/27/2024 | 0.85 | 0.87 | 0.81 | 0.84 | 714,248 |
| 0.82 | 0.85 | 0.82 | 0.85 | 137,735 |
| Backtest Neo Battery | | | Neo Battery History | | | Neo Battery Valuation | Previous | Next |
Neo Battery Trading Date Momentum on November 27, 2024
| On November 28 2024 Neo Battery Materials was traded for 0.85 at the closing time. The highest daily price throughout the period was 0.85 and the lowest price was 0.82 . The daily volume was 137.7 K. The net trading volume on 11/28/2024 added to the next day price increase. The trading delta at closing time to closing price of the next trading day was 1.19% . The trading delta at closing time to current closing price is 0.00% . |
Neo Battery Materials Fundamentals Correlations and Trends
By evaluating Neo Battery'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 Neo Battery's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Neo financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Neo Battery Stock history
Neo Battery 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 Neo is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Neo Battery Materials 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 Neo Battery stock prices may prove useful in developing a viable investing in Neo Battery
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 115.5 M | 85.6 M | |
| Net Loss | -980.4 K | -1 M |
Neo Battery Stock Technical Analysis
Neo Battery 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
Neo Battery Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
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Neo Battery December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Neo Battery stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Neo Battery shares will generate the highest return on investment. By undertsting and applying Neo Battery stock market strength indicators, traders can identify Neo Battery Materials entry and exit signals to maximize returns
Neo Battery Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Neo Battery's price direction in advance. Along with the technical and fundamental analysis of Neo Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Neo 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 | 0.2465 | |||
| Jensen Alpha | 3.82 | |||
| Total Risk Alpha | 1.7 | |||
| Sortino Ratio | 0.3017 | |||
| Treynor Ratio | (3.59) |
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Additional Tools for Neo Stock Analysis
When running Neo Battery's price analysis, check to measure Neo Battery'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 Neo Battery is operating at the current time. Most of Neo Battery's value examination focuses on studying past and present price action to predict the probability of Neo Battery's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Neo Battery's price. Additionally, you may evaluate how the addition of Neo Battery to your portfolios can decrease your overall portfolio volatility.