Gear Energy Announces Q3 2024 Financial Results - TipRanks
| GXE Stock | CAD 0.55 0.02 3.77% |
About 55% of Gear Energy's investors are presently thinking to get in. The current sentiment of investing in Gear Energy suggests that some traders are interested. Gear Energy's investing sentiment overview a quick insight into current market opportunities from investing in Gear Energy. Many technical investors use Gear Energy stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Gear |
Gear Energy Announces Q3 2024 Financial Results TipRanks
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Gear Energy Fundamental Analysis
We analyze Gear Energy's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Gear Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Gear Energy 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 Asset
Current Asset Comparative Analysis
Gear Energy is currently under evaluation in current asset category among its peers. Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
Gear Energy 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 Gear Energy stock to make a market-neutral strategy. Peer analysis of Gear Energy could also be used in its relative valuation, which is a method of valuing Gear Energy by comparing valuation metrics with similar companies.
Peers
Gear Energy Related Equities
| CJ | Cardinal Energy | 1.05 | ||||
| TVE | Tamarack Valley | 0.88 | ||||
| ATH | Athabasca Oil | 0.73 | ||||
| HWX | Headwater Exploration | 0.28 | ||||
| NVA | NuVista Energy | 2.19 |
Other Information on Investing in Gear Stock
Gear Energy financial ratios help investors to determine whether Gear 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 Gear with respect to the benefits of owning Gear Energy security.