Solaris Resources Stock Price on November 20, 2024
| SLS Stock | 4.49 0.09 2.05% |
Below is the normalized historical share price chart for Solaris Resources extending back to July 13, 2020. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Solaris Resources stands at 4.49, as last reported on the 2nd of December, with the highest price reaching 4.53 and the lowest price hitting 4.37 during the day.
If you're considering investing in Solaris Stock, it is important to understand the factors that can impact its price. Solaris Resources appears to be unstable, given 3 months investment horizon. Solaris Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the firm had a 0.16% return per unit of risk over the last 3 months. By inspecting Solaris Resources' technical indicators, you can evaluate if the expected return of 0.77% is justified by implied risk. Please review Solaris Resources' Semi Deviation of 3.06, coefficient of variation of 691.14, and Risk Adjusted Performance of 0.119 to confirm if our risk estimates are consistent with your expectations.
At this time, Solaris Resources' Total Stockholder Equity is very stable compared to the past year. As of the 2nd of December 2024, Other Stockholder Equity is likely to grow to about 15.9 M, while Common Stock Shares Outstanding is likely to drop about 102.9 M. . As of the 2nd of December 2024, Price Earnings To Growth Ratio is likely to grow to 0.30, while Price Earnings Ratio is likely to drop (11.33). Solaris Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 3.9134 | 50 Day MA 3.4688 | Beta 1.902 |
Solaris |
Sharpe Ratio = 0.1646
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Estimated Market Risk
| 4.67 actual daily | 41 59% of assets are more volatile |
Expected Return
| 0.77 actual daily | 15 85% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Solaris Resources is performing at about 12% 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 Solaris Resources by adding it to a well-diversified portfolio.
Price Book 77.2782 | Book Value 0.116 | Enterprise Value 724.9 M | Enterprise Value Ebitda (17.60) | Shares Float 95 M |
Solaris Resources Valuation on November 20, 2024
It is possible to determine the worth of Solaris Resources on a given historical date. On November 20, 2024 Solaris was worth 3.7 at the beginning of the trading date compared to the closed value of 4.24. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Solaris Resources stock. Still, in general, we apply an absolute valuation method to find Solaris Resources' 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 Solaris Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Solaris Resources' related companies.
| Open | High | Low | Close | Volume | |
| 3.39 | 3.51 | 3.38 | 3.38 | 309,825 | |
11/20/2024 | 3.70 | 4.35 | 3.63 | 4.24 | 1,370,992 |
| 4.25 | 4.43 | 4.19 | 4.23 | 700,327 |
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Solaris Resources Trading Date Momentum on November 20, 2024
| On November 21 2024 Solaris Resources was traded for 4.23 at the closing time. The maximum traded price for the trading interval was 4.43 and the lowest daily price was 4.19 . The daily volume was recorded at 700.3 K. The volume of trading on 21st of November 2024 played a part in the next trading day price drop. The trading price change to the next closing price was 0.24% . The trading price change to the closing price today is 3.30% . |
Solaris Resources Fundamentals Correlations and Trends
By evaluating Solaris Resources' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Solaris Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Solaris financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Solaris Resources Stock history
Solaris Resources 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 Solaris is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Solaris Resources 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 Solaris Resources stock prices may prove useful in developing a viable investing in Solaris Resources
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 142.1 M | 102.9 M | |
| Net Loss | -52.8 M | -50.2 M |
Solaris Resources Quarterly Net Working Capital |
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Solaris Resources Stock Technical Analysis
Solaris Resources 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
Solaris Resources Period Price Range
Low | December 2, 2024
| High |
0.00 | 0.00 |
Solaris Resources cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto 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.
Solaris Resources December 2, 2024 Market Strength
Market strength indicators help investors to evaluate how Solaris Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Solaris Resources shares will generate the highest return on investment. By undertsting and applying Solaris Resources stock market strength indicators, traders can identify Solaris Resources entry and exit signals to maximize returns
Solaris Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Solaris Resources' price direction in advance. Along with the technical and fundamental analysis of Solaris Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Solaris 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 | 0.119 | |||
| Jensen Alpha | 0.4764 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.1602 | |||
| Treynor Ratio | 0.4309 |
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Other Information on Investing in Solaris Stock
Solaris Resources financial ratios help investors to determine whether Solaris Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Solaris with respect to the benefits of owning Solaris Resources security.