Covalon Technologies Stock Analysis
| COV Stock | CAD 3.45 0.27 7.26% |
Covalon Technologies is fairly valued with Real Value of 3.48 and Hype Value of 3.45. The main objective of Covalon Technologies stock analysis is to determine its intrinsic value, which is an estimate of what Covalon Technologies is worth, separate from its market price. There are two main types of Covalon Technologies' stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Covalon Technologies' performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Covalon Technologies' stock to identify patterns and trends that may indicate its future price movements.
The Covalon Technologies stock is traded in Canada on TSX Venture Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in Canada. Covalon Technologies is usually not traded on Canada Day, Civic Holiday, Labour Day, Christmas Day, Boxing Day, New Year 's Day, Family Day, Good Friday, Victoria Day. Covalon Stock trading window is adjusted to America/Toronto timezone.
Covalon |
Covalon Stock Analysis Notes
About 49.0% of the company shares are held by company insiders. The book value of Covalon Technologies was currently reported as 0.88. The company recorded a loss per share of 0.04. Covalon Technologies had not issued any dividends in recent years. The entity had 1:10 split on the 16th of July 2013. Covalon Technologies Ltd. researches, develops, manufactures, commercializes, and licenses medical technologies and products in the United States, Canada, the United Kingdom, Europe, the Middle East, Asia, Latin America, and internationally. It serves hospitals, wound care centers, burn centers, extendedalternate care and acute care facilities, home health care agencies, and physicians offices. COVALON TECHNOLOGIES operates under Biotechnology classification in Exotistan and is traded on Commodity Exchange. For more info on Covalon Technologies please contact Brent Ashton at 905 568 8400 or go to https://www.covalon.com.Covalon Technologies Investment Alerts
| Covalon Technologies has accumulated 1.56 M in total debt with debt to equity ratio (D/E) of 2.49, implying the company greatly relies on financing operations through barrowing. Covalon Technologies has a current ratio of 0.62, 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 Covalon Technologies until it has trouble settling it off, either with new capital or with free cash flow. So, Covalon Technologies' 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 Covalon Technologies sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Covalon to invest in growth at high rates of return. When we think about Covalon Technologies' use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 26.6 M. Net Loss for the year was (4.46 M) with profit before overhead, payroll, taxes, and interest of 7.49 M. | |
| Covalon Technologies has accumulated about 2.53 M in cash with (3.18 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.1. | |
| Roughly 49.0% of Covalon Technologies shares are held by company insiders |
Covalon Largest EPS Surprises
Earnings surprises can significantly impact Covalon Technologies' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2019-05-28 | 2019-03-31 | -0.04 | -0.0104 | 0.0296 | 74 | ||
2021-08-30 | 2021-06-30 | -0.02 | -0.16 | -0.14 | 700 | ||
2019-08-27 | 2019-06-30 | -0.02 | -0.16 | -0.14 | 700 |
Covalon Market Capitalization
The company currently falls under 'Small-Cap' category with a current market capitalization of 101.92 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Covalon Technologies's market, we take the total number of its shares issued and multiply it by Covalon Technologies's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.Covalon Profitablity
Covalon Technologies' profitability indicators refer to fundamental financial ratios that showcase Covalon Technologies' ability to generate income relative to its revenue or operating costs. If, let's say, Covalon Technologies is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Covalon Technologies' executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Covalon Technologies' profitability requires more research than a typical breakdown of Covalon Technologies' financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of (0.03) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of 0.16 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.16. | Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.17) | (0.18) | |
| Return On Capital Employed | (0.20) | (0.22) | |
| Return On Assets | (0.16) | (0.17) | |
| Return On Equity | (0.21) | (0.22) |
Management Efficiency
Covalon Technologies has return on total asset (ROA) of (0.0325) % which means that it has lost $0.0325 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.0385) %, meaning that it generated substantial loss on money invested by shareholders. Covalon Technologies' management efficiency ratios could be used to measure how well Covalon Technologies manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to -0.18 in 2024. Return On Capital Employed is likely to drop to -0.22 in 2024. At this time, Covalon Technologies' Non Current Assets Total are fairly stable compared to the past year. Other Current Assets is likely to climb to about 637.1 K in 2024, whereas Non Currrent Assets Other are likely to drop slightly above 115.6 K in 2024.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 0.87 | 1.06 | |
| Tangible Book Value Per Share | 0.81 | 0.85 | |
| Enterprise Value Over EBITDA | (7.72) | (7.33) | |
| Price Book Value Ratio | 2.27 | 2.16 | |
| Enterprise Value Multiple | (7.72) | (7.33) | |
| Price Fair Value | 2.27 | 2.16 | |
| Enterprise Value | 45.4 M | 33.7 M |
Leadership effectiveness at Covalon Technologies is a strong indicator of its financial stability. We analyze various metrics to provide insights into the stock's investment viability.
Operating Margin 0.16 | Profit Margin (0.03) | Beta 0.62 | Return On Assets (0.03) | Return On Equity (0.04) |
Technical Drivers
As of the 27th of November, Covalon Technologies shows the Risk Adjusted Performance of 0.0995, mean deviation of 1.92, and Downside Deviation of 2.31. Covalon Technologies technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Please confirm Covalon Technologies information ratio, value at risk, as well as the relationship between the Value At Risk and expected short fall to decide if Covalon Technologies is priced correctly, providing market reflects its regular price of 3.45 per share.Covalon Technologies Price Movement Analysis
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Covalon Technologies Outstanding Bonds
Covalon Technologies issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Covalon Technologies uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Covalon bonds can be classified according to their maturity, which is the date when Covalon Technologies has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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Covalon Technologies Predictive Daily Indicators
Covalon Technologies intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Covalon Technologies stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 2750.64 | |||
| Daily Balance Of Power | (0.90) | |||
| Rate Of Daily Change | 0.93 | |||
| Day Median Price | 3.6 | |||
| Day Typical Price | 3.55 | |||
| Price Action Indicator | (0.28) | |||
| Period Momentum Indicator | (0.27) |
Covalon Technologies Forecast Models
Covalon Technologies' time-series forecasting models are one of many Covalon Technologies' stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Covalon Technologies' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.About Covalon Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how Covalon Technologies prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Covalon shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Covalon Technologies. By using and applying Covalon Stock analysis, traders can create a robust methodology for identifying Covalon entry and exit points for their positions.
| Last Reported | Projected for Next Year | ||
| Pretax Profit Margin | (0.15) | (0.16) | |
| Operating Profit Margin | (0.15) | (0.16) | |
| Net Loss | (0.15) | (0.16) | |
| Gross Profit Margin | 0.49 | 0.43 |
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As an investor, your ultimate goal is to build wealth. Optimizing your investment portfolio is an essential element in this goal. Using our stock analysis tools, you can find out how much better you can do when adding Covalon Technologies to your portfolios without increasing risk or reducing expected return.Did you try this?
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Additional Tools for Covalon Stock Analysis
When running Covalon Technologies' price analysis, check to measure Covalon Technologies' 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 Covalon Technologies is operating at the current time. Most of Covalon Technologies' value examination focuses on studying past and present price action to predict the probability of Covalon Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Covalon Technologies' price. Additionally, you may evaluate how the addition of Covalon Technologies to your portfolios can decrease your overall portfolio volatility.