Electra Battery Materials Stock Performance
| ELBM Stock | USD 0.43 0.01 2.27% |
The firm shows a Beta (market volatility) of 1.94, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Electra Battery will likely underperform. At this point, Electra Battery Materials has a negative expected return of -0.25%. Please make sure to confirm Electra Battery's total risk alpha and the relationship between the potential upside and market facilitation index , to decide if Electra Battery Materials performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Electra Battery Materials has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fragile performance in the last few months, the Stock's fundamental drivers remain very healthy which may send shares a bit higher in July 2024. The recent disarray may also be a sign of long period up-swing for the firm investors. ...more
Last Split Factor 1:18 | Last Split Date 2022-04-13 |
1 | Electra Receives Extension from NASDAQ to Resolve Minimum Price Requirement | 03/21/2024 |
2 | Electra and Eurasian Resources Group Sign Cobalt Supply Agreement | 04/02/2024 |
3 | Electra Files First Quarter 2024 Financial Reports | 05/22/2024 |
4 | ELBM Stock Earnings Electra Battery Materials Reported Results for Q1 2024 | 05/24/2024 |
5 | Electra Battery Materials Appoints 30-year Finance Veteran as CFO and Provides Financing Update - Junior Mining Network | 06/07/2024 |
| Begin Period Cash Flow | 8 M |
Electra |
Electra Battery Relative Risk vs. Return Landscape
If you would invest 52.00 in Electra Battery Materials on March 11, 2024 and sell it today you would lose (9.00) from holding Electra Battery Materials or give up 17.31% of portfolio value over 90 days. Electra Battery Materials is currently does not generate positive expected returns and assumes 3.0295% risk (volatility on return distribution) over the 90 days horizon. In different words, 26% of stocks are less volatile than Electra, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Electra Battery Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Electra Battery's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Electra Battery Materials, and traders can use it to determine the average amount a Electra Battery's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0829
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| Negative Returns | ELBM |
Estimated Market Risk
| 3.03 actual daily | 26 74% of assets are more volatile |
Expected Return
| -0.25 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.08 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Electra Battery is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Electra Battery by adding Electra Battery to a well-diversified portfolio.
Electra Battery Fundamentals Growth
Electra Stock prices reflect investors' perceptions of the future prospects and financial health of Electra Battery, and Electra Battery fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Electra Stock performance.
| Return On Equity | -0.62 | |||
| Return On Asset | -0.0458 | |||
| Current Valuation | 71.3 M | |||
| Shares Outstanding | 57.2 M | |||
| Price To Book | 0.26 X | |||
| EBITDA | (13.93 M) | |||
| Net Income | (64.67 M) | |||
| Cash And Equivalents | 41.77 M | |||
| Cash Per Share | 1.29 X | |||
| Total Debt | 45.43 M | |||
| Debt To Equity | 0.22 % | |||
| Current Ratio | 4.12 X | |||
| Book Value Per Share | 1.30 X | |||
| Cash Flow From Operations | (24.7 M) | |||
| Earnings Per Share | (0.83) X | |||
| Market Capitalization | 26.36 M | |||
| Total Asset | 148.69 M | |||
| Retained Earnings | (245.44 M) | |||
| Working Capital | (5.39 M) | |||
About Electra Battery Performance
To evaluate Electra Battery Materials Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Electra Battery generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Electra Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Electra Battery Materials market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Electra's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.43) | (0.46) | |
| Return On Capital Employed | (0.11) | (0.11) | |
| Return On Assets | (0.43) | (0.46) | |
| Return On Equity | (0.78) | (0.82) |
Things to note about Electra Battery Materials performance evaluation
Checking the ongoing alerts about Electra Battery for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Electra Battery Materials help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Electra Battery generated a negative expected return over the last 90 days | |
| Electra Battery has some characteristics of a very speculative penny stock | |
| Electra Battery has high historical volatility and very poor performance | |
| Electra Battery has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (64.67 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Electra Battery Materials currently holds about 41.77 M in cash with (24.7 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.29, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Electra Battery has a very weak financial position based on the latest SEC disclosures | |
| Latest headline from news.google.com: Electra Battery Materials Appoints 30-year Finance Veteran as CFO and Provides Financing Update - Junior Mining Network |
- Analyzing Electra Battery's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Electra Battery's stock is overvalued or undervalued compared to its peers.
- Examining Electra Battery's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Electra Battery's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Electra Battery's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Electra Battery's stock. These opinions can provide insight into Electra Battery's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Information and Resources on Investing in Electra Stock
When determining whether Electra Battery Materials is a strong investment it is important to analyze Electra Battery'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 Electra Battery's future performance. For an informed investment choice regarding Electra Stock, refer to the following important reports:Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electra Battery Materials. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Is Diversified Metals & Mining 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 Electra Battery. If investors know Electra 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 Electra Battery listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.83) | Return On Assets (0.05) | Return On Equity (0.62) |
The market value of Electra Battery Materials is measured differently than its book value, which is the value of Electra that is recorded on the company's balance sheet. Investors also form their own opinion of Electra Battery's value that differs from its market value or its book value, called intrinsic value, which is Electra Battery's 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 Electra Battery's market value can be influenced by many factors that don't directly affect Electra Battery's 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 Electra Battery's value and its price as these two are different measures arrived at by different means. Investors typically determine if Electra Battery is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Electra Battery'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.