Newport Exploration Stock Today
| NWX Stock | CAD 0.16 0.01 6.67% |
Performance0 of 100
| Odds Of DistressLess than 19
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Newport Exploration is selling for under 0.16 as of the 18th of April 2024; that is 6.67% increase since the beginning of the trading day. The stock's lowest day price was 0.15. Newport Exploration has less than a 19 % chance of experiencing some financial distress in the next two years of operation, but has generated negative returns over the last 90 days. Equity ratings for Newport Exploration are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 21st of October 2023 and ending today, the 18th of April 2024. Click here to learn more.
Business Domain Materials | Category Basic Materials |
Newport Exploration Ltd., an exploration stage company, engages in the acquisition and exploration of resource properties in Canada. The company was incorporated in 1979 and is headquartered in Vancouver, Canada. NEWPORT EXLORATION operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange.. The company has 105.58 M outstanding shares of which 13.39 K shares are now shorted by private and institutional investors with about 0.14 days to cover all short positions. More on Newport Exploration
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Newport 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. Newport Exploration's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Newport Exploration or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| President CEO, Director | Ian Rozier | ||||
| Business Concentration | Diversified Metals & Mining, Other Industrial Metals & Mining, Basic Materials, Materials, Metals & Mining, Industrial Metals & Minerals, Basic Materials (View all Sectors) | ||||
Newport Exploration's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Newport Exploration's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to 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 Newport Exploration's financial leverage. It provides some insight into what part of Newport Exploration's total assets is financed by creditors.
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Newport Exploration (NWX) is traded on TSX Venture Exchange in Canada and employs 8 people. Newport Exploration is listed under Diversified Metals & Mining category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 16.36 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Newport Exploration's market, we take the total number of its shares issued and multiply it by Newport Exploration'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. Newport Exploration classifies itself under Metals & Mining sector and is part of Materials industry. The entity has 105.58 M outstanding shares of which 13.39 K shares are now shorted by private and institutional investors with about 0.14 days to cover all short positions.
Newport Exploration has accumulated about 6.73 M in cash with 4.82 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.06.
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Ownership AllocationNewport Exploration maintains a total of 105.58 Million outstanding shares. Newport Exploration holds significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Newport Ownership Details
Newport Stock Price Odds Analysis
Depending on a normal probability distribution, the odds of Newport Exploration jumping above the current price in 90 days from now is about 82.35%. The Newport Exploration probability density function shows the probability of Newport Exploration stock to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Newport Exploration has a beta of -0.3537. This indicates as returns on the benchmark increase, returns on holding Newport Exploration are expected to decrease at a much lower rate. During a bear market, however, Newport Exploration is likely to outperform the market. Additionally, newport Exploration has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Newport Exploration to move above the current price in 90 days from now is about 82.35 (This Newport Exploration probability density function shows the probability of Newport Stock to fall within a particular range of prices over 90 days) .
Newport Exploration Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Newport Exploration market risk premium is the additional return an investor will receive from holding Newport Exploration long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Newport Exploration. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Newport Exploration's alpha and beta are two of the key measurements used to evaluate Newport Exploration's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 3.61 | |||
| Standard Deviation | 5.47 | |||
| Variance | 29.88 | |||
| Risk Adjusted Performance | (0.03) |
Newport Stock Against Markets
Picking the right benchmark for Newport Exploration stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Newport Exploration stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Newport Exploration is critical whether you are bullish or bearish towards Newport Exploration at a given time. Please also check how Newport Exploration's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Newport Exploration without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Newport Exploration Corporate Directors
Newport Exploration corporate directors refer to members of a Newport Exploration board of directors. The board of directors generally takes responsibility for the Newport Exploration's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Newport Exploration's board members must vote for the resolution. The Newport Exploration board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| David Cohen | Independent Director | Profile | |
| James Robertson | Independent Director | Profile | |
| John Roberts | Independent Director | Profile | |
| Barbara Dunfield | CFO, Director | Profile |
How to buy Newport Stock?
Before investing in Newport Exploration, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Newport Exploration. To buy Newport Exploration stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Newport Exploration. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Newport Exploration stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Newport Exploration stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Newport Exploration stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Newport Exploration, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Newport Exploration?
The danger of trading Newport Exploration 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 Newport Exploration 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 Newport Exploration. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Newport Exploration 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.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Newport Exploration. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for Newport Stock analysis
When running Newport Exploration's price analysis, check to measure Newport Exploration'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 Newport Exploration is operating at the current time. Most of Newport Exploration's value examination focuses on studying past and present price action to predict the probability of Newport Exploration's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Newport Exploration's price. Additionally, you may evaluate how the addition of Newport Exploration to your portfolios can decrease your overall portfolio volatility.
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