Nexe Innovations Stock Price on December 3, 2024
| NEXE Stock | CAD 0.43 0.04 10.26% |
If you're considering investing in NEXE Stock, it is important to understand the factors that can impact its price. As of today, the current price of NEXE Innovations stands at 0.43, as last reported on the 12th of December 2024, with the highest price reaching 0.46 and the lowest price hitting 0.39 during the day. NEXE Innovations appears to be out of control, given 3 months investment horizon. NEXE Innovations has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of standard deviation over the last 3 months. By inspecting NEXE Innovations' technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please exercise NEXE Innovations' Market Risk Adjusted Performance of 6.23, mean deviation of 3.31, and Risk Adjusted Performance of 0.0871 to check out if our risk estimates are consistent with your expectations.
At this time, NEXE Innovations' Other Stockholder Equity is fairly stable compared to the past year. Stock Based Compensation is likely to climb to about 809.6 K in 2024, whereas Common Stock is likely to drop slightly above 48.1 M in 2024. . At this time, NEXE Innovations' Price Book Value Ratio is fairly stable compared to the past year. Price To Book Ratio is likely to climb to 39.25 in 2024, whereas Price Earnings Ratio is likely to drop (710.79) in 2024. NEXE Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
NEXE |
Sharpe Ratio = 0.1119
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Estimated Market Risk
| 4.72 actual daily | 42 58% of assets are more volatile |
Expected Return
| 0.53 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average NEXE Innovations is performing at about 8% 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 NEXE Innovations by adding it to a well-diversified portfolio.
Price Book 1.0398 | Enterprise Value Ebitda (4.71) | Price Sales 593.9027 | Shares Float 83.1 M | Wall Street Target Price 1 |
NEXE Innovations Valuation on December 3, 2024
It is possible to determine the worth of NEXE Innovations on a given historical date. On December 3, 2024 NEXE was worth 0.41 at the beginning of the trading date compared to the closed value of 0.4. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NEXE Innovations stock. Still, in general, we apply an absolute valuation method to find NEXE Innovations' 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 NEXE Innovations where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NEXE Innovations' related companies.
| Open | High | Low | Close | Volume | |
| 0.40 | 0.41 | 0.40 | 0.40 | 22,622 | |
12/03/2024 | 0.41 | 0.41 | 0.40 | 0.40 | 164,892 |
| 0.41 | 0.41 | 0.39 | 0.40 | 258,045 |
| Backtest NEXE Innovations | | | NEXE Innovations History | | | NEXE Innovations Valuation | Previous | Next |
NEXE Innovations Trading Date Momentum on December 3, 2024
| On December 04 2024 NEXE Innovations was traded for 0.40 at the closing time. The maximum traded price for the trading interval was 0.41 and the lowest daily price was 0.39 . The daily volume was recorded at 258 K. The volume of trading on 4th of December 2024 did not cause price change. The trading delta at closing time to the closing price today is 2.50% . |
NEXE Innovations Fundamentals Correlations and Trends
By evaluating NEXE Innovations' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among NEXE Innovations' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. NEXE financial account trend analysis is a perfect complement when working with valuation or volatility modules.About NEXE Innovations Stock history
NEXE Innovations 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 NEXE is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in NEXE Innovations 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 NEXE Innovations stock prices may prove useful in developing a viable investing in NEXE Innovations
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 111.9 M | 97.7 M | |
| Net Loss | -5.5 M | -5.8 M |
NEXE Innovations Quarterly Net Working Capital |
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NEXE Innovations Stock Technical Analysis
NEXE Innovations 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
NEXE Innovations Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
NEXE Innovations cannot be verified against its exchange. Please verify the symbol is currently traded on TSX Venture 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.
NEXE Innovations December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how NEXE Innovations stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NEXE Innovations shares will generate the highest return on investment. By undertsting and applying NEXE Innovations stock market strength indicators, traders can identify NEXE Innovations entry and exit signals to maximize returns
NEXE Innovations Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for NEXE Innovations' price direction in advance. Along with the technical and fundamental analysis of NEXE Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of NEXE 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 | 0.0871 | |||
| Jensen Alpha | 0.4869 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.0742 | |||
| Treynor Ratio | 6.22 |
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Additional Tools for NEXE Stock Analysis
When running NEXE Innovations' price analysis, check to measure NEXE Innovations' 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 NEXE Innovations is operating at the current time. Most of NEXE Innovations' value examination focuses on studying past and present price action to predict the probability of NEXE Innovations' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NEXE Innovations' price. Additionally, you may evaluate how the addition of NEXE Innovations to your portfolios can decrease your overall portfolio volatility.