Calfrac Well Services Stock Shares Outstanding
CFW Stock | CAD 4.84 0.24 5.22% |
Calfrac Well Services fundamentals help investors to digest information that contributes to Calfrac Well's financial success or failures. It also enables traders to predict the movement of Calfrac Stock. The fundamental analysis module provides a way to measure Calfrac Well's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Calfrac Well stock.
Calfrac |
Calfrac Well Services Company Shares Outstanding Analysis
Calfrac Well's Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Current Calfrac Well Shares Outstanding | 85.72 M |
Most of Calfrac Well's fundamental indicators, such as Shares Outstanding, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Calfrac Well Services is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Competition |
Based on the latest financial disclosure, Calfrac Well Services has 85.72 M of shares currently outstending. This is 95.27% lower than that of the Energy Equipment & Services sector and 55.06% lower than that of the Energy industry. The shares outstanding for all Canada stocks is 85.01% higher than that of the company.
Calfrac Shares Outstanding Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Calfrac Well's direct or indirect competition against its Shares Outstanding to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Calfrac Well could also be used in its relative valuation, which is a method of valuing Calfrac Well by comparing valuation metrics of similar companies.Calfrac Well is currently under evaluation in shares outstanding category among related companies.
Calfrac Fundamentals
Return On Equity | 0.38 | |||
Return On Asset | 0.12 | |||
Profit Margin | 0.10 % | |||
Operating Margin | 0.07 % | |||
Current Valuation | 635.36 M | |||
Shares Outstanding | 85.72 M | |||
Shares Owned By Insiders | 46.87 % | |||
Shares Owned By Institutions | 20.50 % | |||
Number Of Shares Shorted | 105.04 K | |||
Price To Earning | 20.32 X | |||
Price To Book | 0.63 X | |||
Price To Sales | 0.21 X | |||
Revenue | 1.89 B | |||
Gross Profit | 146.13 M | |||
EBITDA | 313.58 M | |||
Net Income | 197.48 M | |||
Cash And Equivalents | 8.5 M | |||
Cash Per Share | 0.61 X | |||
Total Debt | 354.91 M | |||
Debt To Equity | 4.13 % | |||
Current Ratio | 2.29 X | |||
Book Value Per Share | 7.18 X | |||
Cash Flow From Operations | 229.19 M | |||
Short Ratio | 1.95 X | |||
Earnings Per Share | 2.24 X | |||
Price To Earnings To Growth | 0.50 X | |||
Target Price | 5.63 | |||
Number Of Employees | 2.4 K | |||
Beta | 1.82 | |||
Market Capitalization | 394.29 M | |||
Total Asset | 995.75 M | |||
Retained Earnings | (580.54 M) | |||
Working Capital | 210.67 M | |||
Current Asset | 495.18 M | |||
Current Liabilities | 189.23 M | |||
Five Year Return | 0.51 % | |||
Net Asset | 995.75 M |
About Calfrac Well Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Calfrac Well Services's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Calfrac Well using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Calfrac Well Services based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Calfrac Well in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Calfrac Well's short interest history, or implied volatility extrapolated from Calfrac Well options trading.
Pair Trading with Calfrac Well
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Calfrac Well position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Calfrac Well will appreciate offsetting losses from the drop in the long position's value.Moving against Calfrac Stock
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0.55 | ENB-PFU | Enbridge Pref L | PairCorr |
The ability to find closely correlated positions to Calfrac Well could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Calfrac Well when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Calfrac Well - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Calfrac Well Services to buy it.
The correlation of Calfrac Well is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Calfrac Well moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Calfrac Well Services moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Calfrac Well can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Calfrac Well Services. 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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Complementary Tools for Calfrac Stock analysis
When running Calfrac Well's price analysis, check to measure Calfrac Well'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 Calfrac Well is operating at the current time. Most of Calfrac Well's value examination focuses on studying past and present price action to predict the probability of Calfrac Well's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Calfrac Well's price. Additionally, you may evaluate how the addition of Calfrac Well to your portfolios can decrease your overall portfolio volatility.
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