Above Food Ingredients Stock Performance
| ABVE Stock | 0.54 0.27 33.33% |
The firm shows a Beta (market volatility) of 0.5, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Above Food's returns are expected to increase less than the market. However, during the bear market, the loss of holding Above Food is expected to be smaller as well. At this point, Above Food Ingredients has a negative expected return of -0.23%. Please make sure to confirm Above Food's value at risk and the relationship between the accumulation distribution and relative strength index , to decide if Above Food Ingredients performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Above Food Ingredients has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of unfluctuating performance in the last few months, the Stock's basic indicators remain rather sound which may send shares a bit higher in December 2024. The latest tumult may also be a sign of longer-term up-swing for the firm shareholders. ...more
1 | Above Food Announces Participation at the Centurion One Capital 2nd Annual Bahamas Summit 2024 | 10/16/2024 |
| Begin Period Cash Flow | 2.3 M |
Above |
Above Food Relative Risk vs. Return Landscape
If you would invest 80.00 in Above Food Ingredients on August 29, 2024 and sell it today you would lose (26.00) from holding Above Food Ingredients or give up 32.5% of portfolio value over 90 days. Above Food Ingredients is currently does not generate positive expected returns and assumes 8.5456% risk (volatility on return distribution) over the 90 days horizon. In different words, 76% of stocks are less volatile than Above, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Above Food Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Above Food's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Above Food Ingredients, and traders can use it to determine the average amount a Above Food's 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 = -0.0275
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| Negative Returns | ABVE |
Estimated Market Risk
| 8.55 actual daily | 76 76% of assets are less volatile |
Expected Return
| -0.23 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Above Food is not performing at its full potential. However, 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 Above Food by adding Above Food to a well-diversified portfolio.
Above Food Fundamentals Growth
Above Stock prices reflect investors' perceptions of the future prospects and financial health of Above Food, and Above Food 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 Above Stock performance.
| Return On Asset | -0.16 | |||
| Profit Margin | (0.14) % | |||
| Operating Margin | (0.17) % | |||
| Current Valuation | 103.9 M | |||
| Shares Outstanding | 28.5 M | |||
| Price To Sales | 0.05 X | |||
| Revenue | 368.42 M | |||
| EBITDA | (38.25 M) | |||
| Net Income | (53.31 M) | |||
| Total Debt | 117.51 M | |||
| Book Value Per Share | (0.59) X | |||
| Cash Flow From Operations | 7.15 M | |||
| Earnings Per Share | (1.52) X | |||
| Market Capitalization | 18.07 M | |||
| Total Asset | 143.89 M | |||
| Retained Earnings | (103.88 M) | |||
| Working Capital | (85.41 M) | |||
About Above Food Performance
By analyzing Above Food's fundamental ratios, stakeholders can gain valuable insights into Above Food's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Above Food 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 Above Food has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 25.36 | 24.09 | |
| Return On Capital Employed | 4.23 | (0.03) | |
| Return On Equity | 1.15 | (0.03) |
Things to note about Above Food Ingredients performance evaluation
Checking the ongoing alerts about Above Food for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Above Food Ingredients help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Above Food generated a negative expected return over the last 90 days | |
| Above Food has high historical volatility and very poor performance | |
| Above Food has some characteristics of a very speculative penny stock | |
| Above Food has high likelihood to experience some financial distress in the next 2 years | |
| Above Food Ingredients was previously known as BITE and was traded on NASDAQ Exchange under the symbol BITE. | |
| The company reported the previous year's revenue of 368.42 M. Net Loss for the year was (53.31 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| About 19.0% of the company shares are held by company insiders |
- Analyzing Above Food's 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 Above Food's stock is overvalued or undervalued compared to its peers.
- Examining Above Food's 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 Above Food's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Above Food's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Above Food's stock. These opinions can provide insight into Above Food's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Above Stock analysis
When running Above Food's price analysis, check to measure Above Food's 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 Above Food is operating at the current time. Most of Above Food's value examination focuses on studying past and present price action to predict the probability of Above Food's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Above Food's price. Additionally, you may evaluate how the addition of Above Food to your portfolios can decrease your overall portfolio volatility.
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