Midnight Sun Mining Stock Performance
MMA Stock | CAD 0.45 0.01 2.17% |
Midnight Sun holds a performance score of 10 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 0.88, which conveys possible diversification benefits within a given portfolio. Midnight Sun returns are very sensitive to returns on the market. As the market goes up or down, Midnight Sun is expected to follow. Use Midnight Sun Mining downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to analyze future returns on Midnight Sun Mining.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Midnight Sun Mining are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. In spite of fairly abnormal basic indicators, Midnight Sun showed solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | Midnight Sun Kicks Off Copper Exploration in Zambia - TipRanks | 09/19/2024 |
2 | Midnight Sun Receives Further Extension For Completion of Verification Report - Yahoo Finance | 11/05/2024 |
Begin Period Cash Flow | 40.5 K |
Midnight |
Midnight Sun Relative Risk vs. Return Landscape
If you would invest 28.00 in Midnight Sun Mining on August 30, 2024 and sell it today you would earn a total of 17.00 from holding Midnight Sun Mining or generate 60.71% return on investment over 90 days. Midnight Sun Mining is currently producing 1.0586% returns and takes up 7.9085% volatility of returns over 90 trading days. Put another way, 70% of traded stocks are less volatile than Midnight, and 79% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
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Midnight Sun Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Midnight Sun's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Midnight Sun Mining, and traders can use it to determine the average amount a Midnight Sun'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 = 0.1339
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Estimated Market Risk
7.91 actual daily | 70 70% of assets are less volatile |
Expected Return
1.06 actual daily | 21 79% of assets have higher returns |
Risk-Adjusted Return
0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Midnight Sun is performing at about 10% of its full potential. 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 Midnight Sun by adding it to a well-diversified portfolio.
Midnight Sun Fundamentals Growth
Midnight Stock prices reflect investors' perceptions of the future prospects and financial health of Midnight Sun, and Midnight Sun 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 Midnight Stock performance.
Return On Equity | -0.12 | ||||
Return On Asset | -0.0561 | ||||
Current Valuation | 67.98 M | ||||
Shares Outstanding | 165.57 M | ||||
Price To Earning | (26.36) X | ||||
Price To Book | 3.80 X | ||||
EBITDA | (1.49 M) | ||||
Net Income | (1.54 M) | ||||
Cash And Equivalents | 25.29 K | ||||
Total Debt | 376.27 K | ||||
Debt To Equity | 0.04 % | ||||
Current Ratio | 0.21 X | ||||
Book Value Per Share | 0.09 X | ||||
Cash Flow From Operations | (1.62 M) | ||||
Earnings Per Share | (0.01) X | ||||
Market Capitalization | 74.51 M | ||||
Total Asset | 13.96 M | ||||
Retained Earnings | (13.77 M) | ||||
Working Capital | (312.38 K) | ||||
About Midnight Sun Performance
Evaluating Midnight Sun's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Midnight Sun 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 Midnight Sun has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
Last Reported | Projected for Next Year | ||
Return On Tangible Assets | (0.11) | (0.12) | |
Return On Capital Employed | (0.08) | (0.09) | |
Return On Assets | (0.11) | (0.12) | |
Return On Equity | (0.14) | (0.14) |
Things to note about Midnight Sun Mining performance evaluation
Checking the ongoing alerts about Midnight Sun for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Midnight Sun Mining help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Midnight Sun Mining is way too risky over 90 days horizon | |
Midnight Sun Mining has some characteristics of a very speculative penny stock | |
Midnight Sun Mining appears to be risky and price may revert if volatility continues | |
Midnight Sun Mining has accumulated 376.27 K in total debt with debt to equity ratio (D/E) of 0.04, which may suggest the company is not taking enough advantage from borrowing. Midnight Sun Mining has a current ratio of 0.21, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Midnight Sun until it has trouble settling it off, either with new capital or with free cash flow. So, Midnight Sun's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Midnight Sun Mining sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Midnight to invest in growth at high rates of return. When we think about Midnight Sun's use of debt, we should always consider it together with cash and equity. | |
Net Loss for the year was (1.54 M) with profit before overhead, payroll, taxes, and interest of 0. | |
Midnight Sun Mining has accumulated about 25.29 K in cash with (1.62 M) of positive cash flow from operations. | |
Latest headline from news.google.com: Midnight Sun Receives Further Extension For Completion of Verification Report - Yahoo Finance |
- Analyzing Midnight Sun'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 Midnight Sun's stock is overvalued or undervalued compared to its peers.
- Examining Midnight Sun'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 Midnight Sun's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Midnight Sun's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Midnight Sun's stock. These opinions can provide insight into Midnight Sun's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for Midnight Stock Analysis
When running Midnight Sun's price analysis, check to measure Midnight Sun'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 Midnight Sun is operating at the current time. Most of Midnight Sun's value examination focuses on studying past and present price action to predict the probability of Midnight Sun's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Midnight Sun's price. Additionally, you may evaluate how the addition of Midnight Sun to your portfolios can decrease your overall portfolio volatility.