Acquisition by Nijhawan Pardeep of 4785 shares of Edesa Biotech subject to Rule 16b-3

EDSA Stock  USD 2.15  0.02  0.92%   
About 61% of Edesa Biotech's investor base is looking to short. The analysis of the overall investor sentiment regarding Edesa Biotech suggests that many traders are alarmed. The current market sentiment, together with Edesa Biotech's historical and current headlines, can help investors time the market. In addition, many technical investors use Edesa Biotech stock news signals to limit their universe of possible portfolio assets.
  
Filed transaction by Edesa Biotech Director, 10 Percent Owner, Officer: Chief Executive Officer. Grant, award or other acquisition pursuant to Rule 16b-3(d)

Read at macroaxis.com
Edesa insider trading alert for acquisition of common shares by Nijhawan Pardeep, Director, 10 Percent Owner, Officer: Chief Executive Officer, on 3rd of June 2024. This event was filed by Edesa Biotech with SEC on 2024-06-03. Statement of changes in beneficial ownership - SEC Form 4

Cash Flow Correlation

Edesa Biotech's cash-flow correlation analysis can be used to evaluate the unsystematic risk during the given period. It also helps investors identify the Edesa Biotech's relationships between the major components of the statement of changes in financial position and other commonly used cash-related accounts. When such correlations are discovered, they may help managers and analysts to enhance performance or determine appealing investment opportunities.
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Edesa Biotech Investor Sentiment by Other News Outlets

Investor sentiment, mood or attitude towards Edesa Biotech can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.

Edesa Biotech Fundamental Analysis

We analyze Edesa Biotech's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Edesa Biotech using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Edesa Biotech 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.

Current Ratio

Current Ratio Comparative Analysis

Edesa Biotech is currently under evaluation in current ratio category among its peers. Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.

Edesa Biotech Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Edesa Biotech stock to make a market-neutral strategy. Peer analysis of Edesa Biotech could also be used in its relative valuation, which is a method of valuing Edesa Biotech by comparing valuation metrics with similar companies.

Peers

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