Covalon Technologies Stock Performance
| COV Stock | CAD 3.65 0.05 1.35% |
On a scale of 0 to 100, Covalon Technologies holds a performance score of 8. The firm shows a Beta (market volatility) of -0.66, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Covalon Technologies are expected to decrease at a much lower rate. During the bear market, Covalon Technologies is likely to outperform the market. Please check Covalon Technologies' expected short fall, and the relationship between the value at risk and daily balance of power , to make a quick decision on whether Covalon Technologies' price patterns will revert.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Covalon Technologies are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. In spite of fairly abnormal basic indicators, Covalon Technologies showed solid returns over the last few months and may actually be approaching a breakup point. ...more
Last Split Factor 1:10 | Last Split Date 2013-07-16 |
1 | Covalon Technologies Trading Up 6 percent - MarketBeat | 09/17/2024 |
2 | Covalon Showcases Innovation at Vascular Access Meeting - TipRanks | 09/27/2024 |
| Begin Period Cash Flow | 14.1 M |
Covalon |
Covalon Technologies Relative Risk vs. Return Landscape
If you would invest 310.00 in Covalon Technologies on September 1, 2024 and sell it today you would earn a total of 55.00 from holding Covalon Technologies or generate 17.74% return on investment over 90 days. Covalon Technologies is currently producing 0.3025% returns and takes up 2.9682% volatility of returns over 90 trading days. Put another way, 26% of traded stocks are less volatile than Covalon, and 94% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Covalon Technologies Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Covalon Technologies' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Covalon Technologies, and traders can use it to determine the average amount a Covalon Technologies' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1019
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Estimated Market Risk
| 2.97 actual daily | 26 74% of assets are more volatile |
Expected Return
| 0.3 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 8 92% of assets perform better |
Based on monthly moving average Covalon Technologies 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 Covalon Technologies by adding it to a well-diversified portfolio.
Covalon Technologies Fundamentals Growth
Covalon Stock prices reflect investors' perceptions of the future prospects and financial health of Covalon Technologies, and Covalon Technologies fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Covalon Stock performance.
| Return On Equity | -0.0385 | ||||
| Return On Asset | -0.0325 | ||||
| Profit Margin | (0.03) % | ||||
| Operating Margin | 0.16 % | ||||
| Current Valuation | 91.68 M | ||||
| Shares Outstanding | 27.4 M | ||||
| Price To Earning | 69.86 X | ||||
| Price To Book | 4.61 X | ||||
| Price To Sales | 3.43 X | ||||
| Revenue | 26.6 M | ||||
| Gross Profit | 7.49 M | ||||
| EBITDA | (3.56 M) | ||||
| Net Income | (4.46 M) | ||||
| Cash And Equivalents | 2.53 M | ||||
| Cash Per Share | 0.10 X | ||||
| Total Debt | 1.56 M | ||||
| Debt To Equity | 2.49 % | ||||
| Current Ratio | 0.63 X | ||||
| Book Value Per Share | 0.88 X | ||||
| Cash Flow From Operations | (3.18 M) | ||||
| Earnings Per Share | (0.04) X | ||||
| Market Capitalization | 100 M | ||||
| Total Asset | 24.9 M | ||||
| Retained Earnings | (38.37 M) | ||||
| Working Capital | 16.1 M | ||||
About Covalon Technologies Performance
Evaluating Covalon Technologies' performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Covalon Technologies has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Covalon Technologies has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 159.63 | 124.60 | |
| Return On Tangible Assets | (0.17) | (0.18) | |
| Return On Capital Employed | (0.20) | (0.22) | |
| Return On Assets | (0.16) | (0.17) | |
| Return On Equity | (0.21) | (0.22) |
Things to note about Covalon Technologies performance evaluation
Checking the ongoing alerts about Covalon Technologies for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Covalon Technologies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Covalon Technologies has accumulated 1.56 M in total debt with debt to equity ratio (D/E) of 2.49, implying the company greatly relies on financing operations through barrowing. Covalon Technologies has a current ratio of 0.62, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Covalon Technologies until it has trouble settling it off, either with new capital or with free cash flow. So, Covalon Technologies' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Covalon Technologies sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Covalon to invest in growth at high rates of return. When we think about Covalon Technologies' use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 26.6 M. Net Loss for the year was (4.46 M) with profit before overhead, payroll, taxes, and interest of 7.49 M. | |
| Covalon Technologies has accumulated about 2.53 M in cash with (3.18 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.1. | |
| Roughly 49.0% of Covalon Technologies shares are held by company insiders |
- Analyzing Covalon Technologies' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Covalon Technologies' stock is overvalued or undervalued compared to its peers.
- Examining Covalon Technologies' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Covalon Technologies' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Covalon Technologies' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Covalon Technologies' stock. These opinions can provide insight into Covalon Technologies' potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Covalon Stock Analysis
When running Covalon Technologies' price analysis, check to measure Covalon Technologies' 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 Covalon Technologies is operating at the current time. Most of Covalon Technologies' value examination focuses on studying past and present price action to predict the probability of Covalon Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Covalon Technologies' price. Additionally, you may evaluate how the addition of Covalon Technologies to your portfolios can decrease your overall portfolio volatility.