Pyrogenesis Canada Stock Debt To Equity
| PYRDelisted Stock | USD 0.63 0.00 0.00% |
PyroGenesis Canada fundamentals help investors to digest information that contributes to PyroGenesis Canada's financial success or failures. It also enables traders to predict the movement of PyroGenesis Stock. The fundamental analysis module provides a way to measure PyroGenesis Canada's 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 PyroGenesis Canada stock.
PyroGenesis |
PyroGenesis Canada Company Debt To Equity Analysis
PyroGenesis Canada's Debt to Equity is calculated by dividing the Total Debt of a company by its Equity. If the debt exceeds equity of a company, then the creditors have more stakes in a firm than the stockholders. In other words, Debt to Equity ratio provides analysts with insights about composition of both equity and debt, and its influence on the valuation of the company.
Current PyroGenesis Canada Debt To Equity | 0.28 % |
Most of PyroGenesis Canada's fundamental indicators, such as Debt To Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, PyroGenesis Canada is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
High Debt to Equity ratio typically indicates that a firm has been borrowing aggressively to finance its growth and as a result may experience a burden of additional interest expense. This may reduce earnings or future growth. On the other hand a small D/E ratio may indicate that a company is not taking enough advantage from financial leverage. Debt to Equity ratio measures how the company is leveraging borrowing against the capital invested by the owners.
CompetitionAccording to the company disclosure, PyroGenesis Canada has a Debt To Equity of 0.279%. This is 99.63% lower than that of the Machinery sector and significantly higher than that of the Industrials industry. The debt to equity for all United States stocks is 99.43% higher than that of the company.
PyroGenesis Debt To Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses PyroGenesis Canada's direct or indirect competition against its Debt To Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of PyroGenesis Canada could also be used in its relative valuation, which is a method of valuing PyroGenesis Canada by comparing valuation metrics of similar companies.PyroGenesis Canada is currently under evaluation in debt to equity category among its peers.
PyroGenesis Fundamentals
| Return On Equity | -1.93 | |||
| Return On Asset | -0.42 | |||
| Profit Margin | (2.35) % | |||
| Operating Margin | (1.95) % | |||
| Current Valuation | 75.52 M | |||
| Shares Outstanding | 178.88 M | |||
| Shares Owned By Insiders | 45.89 % | |||
| Shares Owned By Institutions | 0.86 % | |||
| Number Of Shares Shorted | 147.82 K | |||
| Price To Earning | 22.62 X | |||
| Price To Book | 7.02 X | |||
| Price To Sales | 5.70 X | |||
| Revenue | 12.62 M | |||
| Gross Profit | 12.52 M | |||
| EBITDA | (29.73 M) | |||
| Net Income | (29.65 M) | |||
| Cash And Equivalents | 1.29 M | |||
| Cash Per Share | 0.01 X | |||
| Total Debt | 6.92 M | |||
| Debt To Equity | 0.28 % | |||
| Current Ratio | 1.35 X | |||
| Book Value Per Share | 0.03 X | |||
| Cash Flow From Operations | (11.95 M) | |||
| Short Ratio | 3.38 X | |||
| Earnings Per Share | (0.12) X | |||
| Beta | 2.35 | |||
| Market Capitalization | 69.2 M | |||
| Total Asset | 47.67 M | |||
| Retained Earnings | (93.38 M) | |||
| Working Capital | 1.65 M | |||
| Z Score | 1.51 | |||
| Net Asset | 47.67 M |
About PyroGenesis Canada Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze PyroGenesis Canada's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of PyroGenesis Canada using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of PyroGenesis Canada 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.
Pair Trading with PyroGenesis Canada
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if PyroGenesis Canada position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in PyroGenesis Canada will appreciate offsetting losses from the drop in the long position's value.Moving against PyroGenesis Stock
| 0.45 | WMT | Walmart Aggressive Push | PairCorr |
| 0.4 | NTNX | Nutanix Earnings Call Tomorrow | PairCorr |
| 0.37 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.36 | T | ATT Inc Sell-off Trend | PairCorr |
| 0.32 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
The ability to find closely correlated positions to PyroGenesis Canada could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PyroGenesis Canada when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back PyroGenesis Canada - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling PyroGenesis Canada to buy it.
The correlation of PyroGenesis Canada is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as PyroGenesis Canada moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PyroGenesis Canada moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for PyroGenesis Canada can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Other Consideration for investing in PyroGenesis Stock
If you are still planning to invest in PyroGenesis Canada check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the PyroGenesis Canada's history and understand the potential risks before investing.
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