Profound Medical Corp Stock Today

PRN Stock  CAD 10.61  0.06  0.57%   

Performance

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Odds Of Distress

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Profound Medical is selling at 10.61 as of the 25th of November 2024; that is 0.57% increase since the beginning of the trading day. The stock's open price was 10.55. Profound Medical has about a 20 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Profound Medical Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of October 2024 and ending today, the 25th of November 2024. Click here to learn more.
Business Domain
Health Care Equipment & Services
Category
Healthcare
Classification
Health Care
Profound Medical Corp. operates as a medical technology company focuses on magnetic resonance guided ablation procedures in Canada, Germany, and Finland. It is developing a treatment to ablate the prostate gland in prostate cancer patients, treatment of uterine fibroids and nerves, and palliative pain treatment for patients with metastatic bone disease. The company has 24.66 M outstanding shares of which 76.41 K shares are at this time shorted by private and institutional investors with about 10.9 days to cover all short positions. More on Profound Medical Corp

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Profound Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Profound Medical's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Profound Medical or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Thematic IdeaDrugs (View all Themes)
Business ConcentrationHealth Care Equipment & Supplies, Health Care Equipment & Services, Health Care, Drugs, Health Care, Health Care Equipment & Supplies, Diagnostics & Research, Healthcare (View all Sectors)
Profound Medical's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Profound Medical's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Debt Levels
Profound Medical 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 Profound Medical's financial leverage. It provides some insight into what part of Profound Medical's total assets is financed by creditors.
Liquidity
Profound Medical cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. Profound Medical Corp has accumulated 7.94 M in total debt with debt to equity ratio (D/E) of 60.5, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Profound Medical Corp has a current ratio of 4.56, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Profound Medical until it has trouble settling it off, either with new capital or with free cash flow. So, Profound Medical'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 Profound Medical Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Profound to invest in growth at high rates of return. When we think about Profound Medical's use of debt, we should always consider it together with cash and equity.

Other Non Cash Items

1.76 Million
Profound Medical Corp (PRN) is traded on Toronto Exchange in Canada and employs 131 people. Profound Medical is listed under Health Care Equipment & Supplies category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 261.66 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Profound Medical's market, we take the total number of its shares issued and multiply it by Profound Medical'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. Profound Medical Corp operates under Health Care Equipment & Supplies sector and is part of Health Care industry. The entity has 24.66 M outstanding shares of which 76.41 K shares are at this time shorted by private and institutional investors with about 10.9 days to cover all short positions. Profound Medical Corp has accumulated about 27.05 M in cash with (22.3 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.25.
Check Profound Medical Probability Of Bankruptcy
Ownership Allocation
Profound Medical owns a total of 24.66 Million outstanding shares. 30% of Profound Medical Corp outstanding shares are owned by third-party entities. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. 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 Profound Ownership Details

Profound Medical Corp Risk Profiles

Although Profound Medical's alpha and beta are two of the key measurements used to evaluate Profound Medical's performance over the market, the standard measures of volatility play an important role as well.

Profound Stock Against Markets

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Profound Medical Corporate Management

Elected by the shareholders, the Profound Medical's board of directors comprises two types of representatives: Profound Medical inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Profound. The board's role is to monitor Profound Medical's management team and ensure that shareholders' interests are well served. Profound Medical'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, Profound Medical's outside directors are responsible for providing unbiased perspectives on the board's policies.
Arun MBAChairman CEOProfile
Hartmut WarnkenSenior AlliancesProfile
Jacques CornetSenior SonalleveProfile
Stephen KilmerInvestor RelationsProfile
Mathieu BurtnykSenior TULSAPROProfile
Thomas MBAChief OfficerProfile
Abbey GoodmanChief GlobalProfile
When determining whether Profound Medical Corp is a strong investment it is important to analyze Profound Medical's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Profound Medical's future performance. For an informed investment choice regarding Profound Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Profound Medical Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
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Please note, there is a significant difference between Profound Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Profound Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Profound Medical's 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.