Covalon Technologies Stock Analysis

Covalon OTC Stock Analysis Notes

About 57.0% of the company shares are held by company insiders. The book value of Covalon Technologies was currently reported as 0.96. The company had not issued any dividends in recent years. Covalon Technologies 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, 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 Tech operates under Biotechnology classification in the United States and is traded on OTC Exchange.The quote for Covalon Technologies is listed on Over The Counter exchange (i.e., OTC), and the entity is not required to meet listing requirements such as those found on the Nasdaq, NYSE, or AMEX exchanges. For more info on Covalon Technologies please contact Brian Pedlar at 905 568 8400 or go to https://www.covalon.com.

Covalon Technologies Investment Alerts

Covalon Market Capitalization

The company currently falls under 'Micro-Cap' category with a current market capitalization of 41.36 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

The company has Profit Margin (PM) of (0.53) %, 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 (0.5) %, which suggests for every $100 dollars of sales, it generated a net operating loss of $0.5.

Technical Drivers

As of the 23rd of November, Covalon Technologies shows the Risk Adjusted Performance of 0.1253, mean deviation of 1.88, and Downside Deviation of 2.27. 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. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to break down and interpolate nineteen technical drivers for Covalon Technologies, which can be compared to its peers. Please confirm Covalon Technologies maximum drawdown, as well as the relationship between the downside variance and skewness to decide if Covalon Technologies is priced correctly, providing market reflects its regular price of 2.8 per share. Please also double-check Covalon Technologies total risk alpha, which is currently at (0.02) to validate the company can sustain itself at a future point.

Covalon Technologies Price Movement Analysis

Covalon Technologies Predictive Daily Indicators

Covalon Technologies Forecast Models

Covalon Technologies' time-series forecasting models are one of many Covalon Technologies' otc 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.

OTC 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 otc 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 OTC such as Covalon Technologies. By using and applying Covalon OTC Stock analysis, traders can create a robust methodology for identifying Covalon entry and exit points for their positions.

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.