Promis Neurosciences Stock Today

PMN Stock  USD 1.03  0.07  7.29%   

Performance

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Odds Of Distress

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ProMIS Neurosciences is selling at 1.03 as of the 23rd of November 2024; that is 7.29% up since the beginning of the trading day. The stock's open price was 0.96. ProMIS Neurosciences has a very high chance of experiencing financial distress in the next few years of operation. It has also generated negative returns for investors over the last 90 days. Equity ratings for ProMIS Neurosciences are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of October 2024 and ending today, the 23rd of November 2024. Click here to learn more.
Business Domain
Pharmaceuticals, Biotechnology & Life Sciences
IPO Date
17th of July 2007
Category
Healthcare
Classification
Health Care
ProMIS Neurosciences, Inc. discovers and develops precision medicine solutions for the treatment of neurodegenerative diseases, primarily Alzheimers disease , amyotrophic lateral sclerosis , and multiple system atrophy in Canada. ProMIS Neurosciences, Inc. The company has 32.69 M outstanding shares of which 239.78 K shares are at this time shorted by investors with about 2.64 days to cover. More on ProMIS Neurosciences

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ProMIS Stock Highlights

CoChairman CoFounderNeil MD
Old NamePromis Neurosciences Inc
Business ConcentrationBiotechnology, Pharmaceuticals, Biotechnology & Life Sciences, Health Care, NASDAQ Composite, Health Care, Biotechnology, Biotechnology, Healthcare (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover4.0E-44.0E-4
Notably Down
Slightly volatile
Total Current Liabilities13 M12.4 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total649.7 K683.9 K
Notably Down
Slightly volatile
Total Assets18.9 M18 M
Sufficiently Up
Slightly volatile
Total Current Assets18.9 M18 M
Sufficiently Up
Slightly volatile
ProMIS Neurosciences 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 ProMIS Neurosciences' financial leverage. It provides some insight into what part of ProMIS Neurosciences' total assets is financed by creditors.
Liquidity
ProMIS Neurosciences has 13.07 M in debt with debt to equity (D/E) ratio of 1.08, which is OK given its current industry classification. ProMIS Neurosciences has a current ratio of 5.31, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Note however, debt could still be an excellent tool for ProMIS to invest in growth at high rates of return.

Other Non Cash Items

(275.08 Million)
ProMIS Neurosciences (PMN) is traded on NASDAQ Exchange in USA. It is located in 1920 Yonge Street, Toronto, ON, Canada, M4S 3E2 and employs 6 people. ProMIS Neurosciences is listed under Biotechnology category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a total capitalization of 33.65 M. ProMIS Neurosciences runs under Biotechnology sector within Health Care industry. The entity has 32.69 M outstanding shares of which 239.78 K shares are at this time shorted by investors with about 2.64 days to cover. ProMIS Neurosciences has about 8.95 M in cash with (14.37 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.24, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Check ProMIS Neurosciences Probability Of Bankruptcy
Ownership Allocation
ProMIS Neurosciences owns a total of 32.69 Million outstanding shares. Over half of ProMIS Neurosciences' outstanding shares are owned by third-party entities. These third-party entities are typically referred to as corporate investors that secure positions in a given instrument to benefit from reduced trade commissions. Please note that no matter how many assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check ProMIS Ownership Details

ProMIS Stock Institutional Holders

InstituionRecorded OnShares
Royal Bank Of Canada2024-06-30
713
Td Waterhouse Canada Inc2024-06-30
133
Wells Fargo & Co2024-06-30
20.0
Northwestern Mutual Wealth Management Co2024-06-30
4.0
Jpmorgan Chase & Co2024-06-30
3.0
Ubs Group Ag2024-06-30
0.0
Northeast Financial Consultants, Inc2024-06-30
0.0
Sphera Funds Management Ltd.2024-06-30
1.8 M
Ally Bridge Group (ny) Llc2024-06-30
1.1 M
Affinity Asset Advisors, Llc2024-09-30
30.6 K
Bank Of Montreal2024-06-30
30.4 K
View ProMIS Neurosciences Diagnostics

ProMIS Neurosciences Historical Income Statement

At this time, ProMIS Neurosciences' Depreciation And Amortization is very stable compared to the past year. As of the 23rd of November 2024, Other Operating Expenses is likely to grow to about 19.8 M, while Interest Expense is likely to drop about 191.3 K. View More Fundamentals

ProMIS Stock Against Markets

ProMIS Neurosciences Corporate Management

Gail FarfelChief OfficerProfile
Daniel MBAChief OfficerProfile
Johanne KaplanChief OfficerProfile
Dennis ChenHead ConsultantProfile
David WishartChief OfficerProfile
When determining whether ProMIS Neurosciences offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ProMIS Neurosciences' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Promis Neurosciences Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Promis Neurosciences Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ProMIS Neurosciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
To learn how to invest in ProMIS Stock, please use our How to Invest in ProMIS Neurosciences guide.
You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ProMIS Neurosciences. If investors know ProMIS will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ProMIS Neurosciences listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
0.04
Revenue Per Share
0.001
Return On Assets
(4.81)
Return On Equity
(10.99)
The market value of ProMIS Neurosciences is measured differently than its book value, which is the value of ProMIS that is recorded on the company's balance sheet. Investors also form their own opinion of ProMIS Neurosciences' value that differs from its market value or its book value, called intrinsic value, which is ProMIS Neurosciences' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ProMIS Neurosciences' market value can be influenced by many factors that don't directly affect ProMIS Neurosciences' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ProMIS Neurosciences' value and its price as these two are different measures arrived at by different means. Investors typically determine if ProMIS Neurosciences is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProMIS Neurosciences' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.