Next Hydrogen Solutions Stock Price on October 8, 2024
| NXH Stock | 0.41 0.03 6.82% |
If you're considering investing in Next Stock, it is important to understand the factors that can impact its price. As of today, the current price of Next Hydrogen stands at 0.41, as last reported on the 28th of November, with the highest price reaching 0.41 and the lowest price hitting 0.40 during the day. Next Hydrogen Solutions has Sharpe Ratio of -0.0077, which conveys that the firm had a -0.0077% return per unit of risk over the last 3 months. Next Hydrogen exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Next Hydrogen's Mean Deviation of 4.33, risk adjusted performance of 0.0182, and Downside Deviation of 7.79 to check out the risk estimate we provide.
At this time, Next Hydrogen's Common Stock is fairly stable compared to the past year. Total Stockholder Equity is likely to climb to about 18.6 M in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024. . Price Earnings To Growth Ratio is likely to climb to 0.09 in 2024, whereas Price To Sales Ratio is likely to drop 16.45 in 2024. Next Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Next |
Sharpe Ratio = -0.0077
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| Negative Returns | NXH |
Estimated Market Risk
| 6.41 actual daily | 57 57% of assets are less volatile |
Expected Return
| -0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Next Hydrogen 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 Next Hydrogen by adding Next Hydrogen to a well-diversified portfolio.
Price Book 5.3081 | Enterprise Value Ebitda (0.35) | Price Sales 4.7203 | Shares Float 18 M | Wall Street Target Price 0.5 |
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Next Hydrogen Valuation on October 8, 2024
It is possible to determine the worth of Next Hydrogen on a given historical date. On October 8, 2024 Next was worth 0.4 at the beginning of the trading date compared to the closed value of 0.37. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Next Hydrogen stock. Still, in general, we apply an absolute valuation method to find Next Hydrogen'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 Next Hydrogen where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Next Hydrogen's related companies.
| Open | High | Low | Close | Volume | |
| 0.43 | 0.43 | 0.43 | 0.43 | 1.00 | |
10/08/2024 | 0.40 | 0.40 | 0.37 | 0.37 | 4,500 |
| 0.37 | 0.37 | 0.37 | 0.37 | 1.00 |
| Backtest Next Hydrogen | | | Next Hydrogen History | | | Next Hydrogen Valuation | Previous | Next |
Next Hydrogen Trading Date Momentum on October 8, 2024
| On October 09 2024 Next Hydrogen Solutions was traded for 0.37 at the closing time. The highest daily price throughout the period was 0.37 and the lowest price was 0.37 . There was no trading activity during the period 1.0. Lack of trading volume on 10/09/2024 did not cause price change. The trading delta at closing time to current closing price is 2.70% . |
Next Hydrogen Solutions Fundamentals Correlations and Trends
By evaluating Next Hydrogen'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 Next Hydrogen's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Next financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Next Hydrogen Stock history
Next Hydrogen 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 Next is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Next Hydrogen Solutions 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 Next Hydrogen stock prices may prove useful in developing a viable investing in Next Hydrogen
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 22.9 M | 25.2 M | |
| Net Loss | -22.5 M | -21.4 M |
Next Hydrogen Quarterly Net Working Capital |
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Next Hydrogen Stock Technical Analysis
Next Hydrogen 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
Next Hydrogen Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
Next Hydrogen Solutions 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.
Next Hydrogen November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Next Hydrogen stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Next Hydrogen shares will generate the highest return on investment. By undertsting and applying Next Hydrogen stock market strength indicators, traders can identify Next Hydrogen Solutions entry and exit signals to maximize returns
Next Hydrogen Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Next Hydrogen's price direction in advance. Along with the technical and fundamental analysis of Next Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Next 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 | 0.0182 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.95) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0579 |
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Additional Tools for Next Stock Analysis
When running Next Hydrogen's price analysis, check to measure Next Hydrogen'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 Next Hydrogen is operating at the current time. Most of Next Hydrogen's value examination focuses on studying past and present price action to predict the probability of Next Hydrogen's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Next Hydrogen's price. Additionally, you may evaluate how the addition of Next Hydrogen to your portfolios can decrease your overall portfolio volatility.