Nexe Innovations Stock Short Ratio
| NEXE Stock | CAD 0.40 0.01 2.44% |
NEXE Innovations fundamentals help investors to digest information that contributes to NEXE Innovations' financial success or failures. It also enables traders to predict the movement of NEXE Stock. The fundamental analysis module provides a way to measure NEXE Innovations' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to NEXE Innovations stock.
NEXE | Short Ratio |
NEXE Innovations Company Short Ratio Analysis
NEXE Innovations' Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.
NEXE Short Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for NEXE Innovations is extremely important. It helps to project a fair market value of NEXE Stock properly, considering its historical fundamentals such as Short Ratio. Since NEXE Innovations' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of NEXE Innovations' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of NEXE Innovations' interrelated accounts and indicators.
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The higher the Short Ratio, the longer it would take to buy back the borrowed shares. In theory, the more short positions are currently outstanding, the faster it will be to cover shorted positions.
| Competition |
NEXE Discontinued Operations
Discontinued Operations |
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Based on the latest financial disclosure, NEXE Innovations has a Short Ratio of 0.0 times. This is 100.0% lower than that of the Containers & Packaging sector and 100.0% lower than that of the Materials industry. The short ratio for all Canada stocks is 100.0% higher than that of the company.
NEXE Short Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses NEXE Innovations' direct or indirect competition against its Short Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of NEXE Innovations could also be used in its relative valuation, which is a method of valuing NEXE Innovations by comparing valuation metrics of similar companies.NEXE Innovations is currently under evaluation in short ratio category among its peers.
NEXE Fundamentals
| Return On Equity | -0.0596 | |||
| Return On Asset | -0.0986 | |||
| Operating Margin | (489.43) % | |||
| Current Valuation | 24.86 M | |||
| Shares Outstanding | 97.29 M | |||
| Shares Owned By Insiders | 14.62 % | |||
| Shares Owned By Institutions | 1.23 % | |||
| Number Of Shares Shorted | 16.72 K | |||
| Price To Book | 1.11 X | |||
| Price To Sales | 616.46 X | |||
| Revenue | 49.76 K | |||
| Gross Profit | (259.47 K) | |||
| EBITDA | (4.51 M) | |||
| Net Income | (6.14 M) | |||
| Cash And Equivalents | 50.84 M | |||
| Cash Per Share | 0.53 X | |||
| Total Debt | 319.45 K | |||
| Debt To Equity | 0.05 % | |||
| Current Ratio | 13.80 X | |||
| Book Value Per Share | 0.37 X | |||
| Cash Flow From Operations | (3.91 M) | |||
| Earnings Per Share | (0.03) X | |||
| Target Price | 1.0 | |||
| Beta | 2.1 | |||
| Market Capitalization | 38.92 M | |||
| Total Asset | 43.36 M | |||
| Retained Earnings | (37.55 M) | |||
| Working Capital | 23.01 M | |||
| Net Asset | 43.36 M |
About NEXE Innovations Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze NEXE Innovations's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NEXE Innovations using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NEXE Innovations based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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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.