Nurexone Biologic Stock Price on August 30, 2023

NRX Stock   0.77  0.02  2.53%   
If you're considering investing in NurExone Stock, it is important to understand the factors that can impact its price. As of today, the current price of NurExone Biologic stands at 0.77, as last reported on the 11th of December 2024, with the highest price reaching 0.78 and the lowest price hitting 0.75 during the day. NurExone Biologic appears to be abnormally volatile, given 3 months investment horizon. NurExone Biologic has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12% return per unit of risk over the last 3 months. By analyzing NurExone Biologic's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please exercise NurExone Biologic's Risk Adjusted Performance of 0.1038, downside deviation of 4.17, and Mean Deviation of 3.09 to check out if our risk estimates are consistent with your expectations.
  
At this time, NurExone Biologic's Common Stock Shares Outstanding is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 1.4 M in 2024, whereas Total Stockholder Equity is likely to drop slightly above 179.6 K in 2024. . NurExone Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.1236

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Estimated Market Risk

 4.72
  actual daily
42
58% of assets are more volatile

Expected Return

 0.58
  actual daily
11
89% of assets have higher returns

Risk-Adjusted Return

 0.12
  actual daily
9
91% of assets perform better
Based on monthly moving average NurExone Biologic is performing at about 9% 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 NurExone Biologic by adding it to a well-diversified portfolio.
Price Book
13.1522
Book Value
0.004
Enterprise Value
52.5 M
Enterprise Value Ebitda
(7.24)
Shares Float
62.9 M

NurExone Biologic Valuation on August 30, 2023

It is possible to determine the worth of NurExone Biologic on a given historical date. On August 30, 2023 NurExone was worth 0.22 at the beginning of the trading date compared to the closed value of 0.22. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NurExone Biologic stock. Still, in general, we apply an absolute valuation method to find NurExone Biologic'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 NurExone Biologic where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NurExone Biologic's related companies.
 Open High Low Close Volume
  0.22    0.22    0.22    0.22    1,000.00  
08/30/2023
  0.22    0.22    0.22    0.22    1.00  
  0.22    0.22    0.22    0.22    1.00  
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Open Value
0.22
0.22
Closing Value
14.37
Upside

NurExone Biologic Trading Date Momentum on August 30, 2023

On August 31 2023 NurExone Biologic was traded for  0.22  at the closing time. The highest daily price throughout the period was 0.22  and the lowest price was  0.22 . There was no trading activity during the period 1.0. Lack of trading volume on 08/31/2023 did not cause price change. The trading delta at closing time to current closing price is 0.00% .

NurExone Biologic Fundamentals Correlations and Trends

By evaluating NurExone Biologic'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 NurExone Biologic's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. NurExone financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About NurExone Biologic Stock history

NurExone Biologic 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 NurExone is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in NurExone Biologic 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 NurExone Biologic stock prices may prove useful in developing a viable investing in NurExone Biologic
Last ReportedProjected for Next Year
Common Stock Shares Outstanding48.2 M49.1 M

NurExone Biologic Quarterly Net Working Capital

2.24 Million

NurExone Biologic Stock Technical Analysis

NurExone Biologic 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.
A focus of NurExone Biologic technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of NurExone Biologic trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

NurExone Biologic Period Price Range

Low
December 11, 2024
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NurExone Biologic 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.

NurExone Biologic December 11, 2024 Market Strength

Market strength indicators help investors to evaluate how NurExone Biologic stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NurExone Biologic shares will generate the highest return on investment. By undertsting and applying NurExone Biologic stock market strength indicators, traders can identify NurExone Biologic entry and exit signals to maximize returns

NurExone Biologic Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for NurExone Biologic's price direction in advance. Along with the technical and fundamental analysis of NurExone Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of NurExone 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.

Additional Tools for NurExone Stock Analysis

When running NurExone Biologic's price analysis, check to measure NurExone Biologic'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 NurExone Biologic is operating at the current time. Most of NurExone Biologic's value examination focuses on studying past and present price action to predict the probability of NurExone Biologic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NurExone Biologic's price. Additionally, you may evaluate how the addition of NurExone Biologic to your portfolios can decrease your overall portfolio volatility.