Above Food Ingredients Stock Today

ABVEW Stock   0.02  0  23.46%   

Performance

4 of 100

 
Weak
 
Strong
Insignificant

Odds Of Distress

Over 65

 
High
 
Low
Quite High
Above Food is selling for under 0.02 as of the 26th of November 2024; that is 23.46 percent up since the beginning of the trading day. The stock's lowest day price was 0.0163. Above Food has more than 65 % chance of experiencing financial distress in the next few years of operation. It also did not have a very good performance during the last 90 trading days. Equity ratings for Above Food Ingredients are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of October 2024 and ending today, the 26th of November 2024. Click here to learn more.
IPO Date
1st of July 2024
Category
Consumer Defensive
Above Food is entity of United States. It is traded as Stock on NASDAQ exchange. More on Above Food Ingredients

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Above Stock Highlights

Thematic IdeaFood Products (View all Themes)
Business ConcentrationFood Products, Packaged Foods, Consumer Defensive, Shell Companies, Consumer Defensive (View all Sectors)
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover4.422.5605
Way Up
Slightly volatile
Net Debt122.4 M116.6 M
Sufficiently Up
Slightly volatile
Total Current Liabilities3.9 M3.7 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total212.3 K365.9 K
Way Down
Slightly volatile
Total Assets103.1 M143.9 M
Way Down
Slightly volatile
Total Current Assets71.9 M68.4 M
Sufficiently Up
Slightly volatile
Above Food can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Above Food's financial leverage. It provides some insight into what part of Above Food's total assets is financed by creditors.
Liquidity
Above Food Ingredients has accumulated 117.51 M in total debt. Note, when we think about Above Food's use of debt, we should always consider it together with its cash and equity.

Change In Cash

(1.31 Million)
Above Food Ingredients (ABVEW) is traded on NASDAQ Exchange in USA. It is located in 2305 Victoria Avenue #001, Regina, SK, Canada, S4P 0S7 and employs 4 people. Above Food is listed under Food Products category by Fama And French industry classification. The company classifies itself under Consumer Defensive sector and is part of Shell Companies industry. Above Food generates positive cash flow from operations, but has no cash available
Check Above Food Probability Of Bankruptcy

Above Food Historical Income Statement

At this time, Above Food's Other Operating Expenses is fairly stable compared to the past year. Total Operating Expenses is likely to climb to about 38 M in 2024, despite the fact that Operating Income is likely to grow to (40 M). View More Fundamentals

Above Stock Against Markets

Above Food Corporate Executives

Elected by the shareholders, the Above Food's board of directors comprises two types of representatives: Above Food inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Above. The board's role is to monitor Above Food's management team and ensure that shareholders' interests are well served. Above Food's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Above Food's outside directors are responsible for providing unbiased perspectives on the board's policies.
Tyler WestVP CoFounderProfile
Martin WilliamsCoFounder BrandsProfile
Lionel KambeitzExecutive CoFounderProfile

Already Invested in Above Food Ingredients?

The danger of trading Above Food Ingredients is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Above Food is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Above Food. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Above Food Ingredients is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.

Additional 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.