New Destiny Mining Stock Analysis
| NED Stock | CAD 0.04 0.01 20.00% |
New Destiny Mining is overvalued with Real Value of 0.0384 and Hype Value of 0.04. The main objective of New Destiny stock analysis is to determine its intrinsic value, which is an estimate of what New Destiny Mining is worth, separate from its market price. There are two main types of New Destiny's stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect New Destiny's performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of New Destiny's stock to identify patterns and trends that may indicate its future price movements.
The New Destiny 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. New Destiny 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. New Stock trading window is adjusted to America/Toronto timezone.
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New Stock Analysis Notes
The company recorded a loss per share of 0.03. New Destiny Mining had not issued any dividends in recent years. The entity had 1:16 split on the 5th of August 2016. New Destiny Mining Corp., a junior mineral exploration company, engages in the acquisition, exploration, and evaluation of natural resource properties in Canada. New Destiny Mining Corp. was incorporated in 2009 and is headquartered in Vancouver, Canada. NEW DESTINY operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange. To find out more about New Destiny Mining contact Geo PEng at 604-488-3900 or learn more at https://newdestinymining.com.New Destiny Mining Investment Alerts
| New Destiny Mining generated a negative expected return over the last 90 days | |
| New Destiny Mining has high historical volatility and very poor performance | |
| New Destiny Mining has some characteristics of a very speculative penny stock | |
| New Destiny Mining has high likelihood to experience some financial distress in the next 2 years | |
| New Destiny Mining has accumulated 21.07 K in total debt with debt to equity ratio (D/E) of 0.24, which may suggest the company is not taking enough advantage from borrowing. New Destiny Mining has a current ratio of 0.05, 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 New Destiny until it has trouble settling it off, either with new capital or with free cash flow. So, New Destiny'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 New Destiny Mining sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for New to invest in growth at high rates of return. When we think about New Destiny's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (740.64 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| New Destiny Mining has accumulated about 8.49 K in cash with (18.29 K) of positive cash flow from operations. | |
| Latest headline from news.google.com: New Destiny Mining Market Cap C0.90 Mil - GuruFocus.com |
New Market Capitalization
The company currently falls under 'Nano-Cap' category with a current market capitalization of 904.23 K. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate New Destiny's market, we take the total number of its shares issued and multiply it by New Destiny'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.Management Efficiency
New Destiny Mining has return on total asset (ROA) of (19.8048) % which means that it has lost $19.8048 on every $100 spent on assets. This is way below average. New Destiny's management efficiency ratios could be used to measure how well New Destiny manages its routine affairs as well as how well it operates its assets and liabilities. Other Assets is likely to climb to 7,821 in 2024, whereas Total Assets are likely to drop slightly above 26.8 K in 2024.Leadership effectiveness at New Destiny Mining is a strong indicator of its financial stability. We analyze various metrics to provide insights into the stock's investment viability.
Beta 1.541 | Return On Assets (19.80) |
Technical Drivers
As of the 24th of November, New Destiny secures the Standard Deviation of 8.26, mean deviation of 3.17, and Risk Adjusted Performance of (0.04). In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of New Destiny Mining, as well as the relationship between them. Please verify New Destiny Mining market risk adjusted performance, variance, as well as the relationship between the Variance and value at risk to decide if New Destiny Mining is priced some-what accurately, providing market reflects its recent price of 0.04 per share.New Destiny Mining Price Movement Analysis
The output start index for this execution was two with a total number of output elements of fifty-nine. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. New Destiny middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for New Destiny Mining. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
New Destiny Outstanding Bonds
New Destiny 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. New Destiny Mining 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 New bonds can be classified according to their maturity, which is the date when New Destiny Mining 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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New Destiny Predictive Daily Indicators
New Destiny 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 New Destiny 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.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.8 | |||
| Day Median Price | 0.04 | |||
| Day Typical Price | 0.04 | |||
| Price Action Indicator | (0.01) | |||
| Period Momentum Indicator | (0.01) | |||
| Relative Strength Index | 97.46 |
New Destiny Forecast Models
New Destiny's time-series forecasting models are one of many New Destiny's 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 New Destiny's 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 New Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how New Destiny 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 New 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 New Destiny. By using and applying New Stock analysis, traders can create a robust methodology for identifying New entry and exit points for their positions.
New Destiny Mining Corp., a junior mineral exploration company, engages in the acquisition, exploration, and evaluation of natural resource properties in Canada. New Destiny Mining Corp. was incorporated in 2009 and is headquartered in Vancouver, Canada. NEW DESTINY operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange.
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Additional Tools for New Stock Analysis
When running New Destiny's price analysis, check to measure New Destiny'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 New Destiny is operating at the current time. Most of New Destiny's value examination focuses on studying past and present price action to predict the probability of New Destiny's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Destiny's price. Additionally, you may evaluate how the addition of New Destiny to your portfolios can decrease your overall portfolio volatility.