Edesa Biotech Stock Buy Hold or Sell Recommendation
| EDSA Stock | USD 4.31 0.16 3.58% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Edesa Biotech is 'Strong Sell'. Macroaxis provides Edesa Biotech buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding EDSA positions. The advice algorithm takes into account all of Edesa Biotech's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Edesa Biotech's buy or sell advice are summarized below:
Real Value 16.2 | Target Price 52.33 | Hype Value 4.31 | Market Value 4.31 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Edesa Biotech given historical horizon and risk tolerance towards Edesa Biotech. When Macroaxis issues a 'buy' or 'sell' recommendation for Edesa Biotech, the advice is generated through an automated system that utilizes algorithms and statistical models.
Edesa |
Execute Edesa Biotech Buy or Sell Advice
The Edesa recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Edesa Biotech. Macroaxis does not own or have any residual interests in Edesa Biotech or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Edesa Biotech's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Somewhat reliable | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Almost neglects market trends | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Frail | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Edesa Biotech Trading Alerts and Improvement Suggestions
| Edesa Biotech generated a negative expected return over the last 90 days | |
| Edesa Biotech has high historical volatility and very poor performance | |
| Net Loss for the year was (8.37 M) with profit before overhead, payroll, taxes, and interest of 311.2 K. | |
| Edesa Biotech currently holds about 12.81 M in cash with (6.64 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.83. | |
| Edesa Biotech has a frail financial position based on the latest SEC disclosures | |
| Roughly 28.0% of the company shares are held by company insiders | |
| Latest headline from MacroaxisInsider: Acquisition by Johnson Lorin K of 4262 shares of Edesa Biotech at 4.0 subject to Rule 16b-3 |
Edesa Biotech Returns Distribution Density
The distribution of Edesa Biotech's historical returns is an attempt to chart the uncertainty of Edesa Biotech's future price movements. The chart of the probability distribution of Edesa Biotech daily returns describes the distribution of returns around its average expected value. We use Edesa Biotech price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Edesa Biotech returns is essential to provide solid investment advice for Edesa Biotech.
| Mean Return | 0.14 | Value At Risk | -5.84 | Potential Upside | 10.09 | Standard Deviation | 4.65 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Edesa Biotech historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Edesa Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Edesa Biotech is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Edesa Biotech backward and forwards among themselves. Edesa Biotech's institutional investor refers to the entity that pools money to purchase Edesa Biotech's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Global Retirement Partners, Llc. | 2023-12-31 | 25.0 | Wells Fargo & Co | 2023-12-31 | 16.0 | Global Wealth Strategies & Associates | 2023-12-31 | 7.0 | Citigroup Inc | 2023-12-31 | 2.0 | Crédit Agricole S.a. | 2023-12-31 | 1.0 | Allsquare Wealth Management Llc | 2023-12-31 | 1.0 | Two Sigma Investments Llc | 2023-09-30 | 0.0 | Cm Management, Llc | 2023-12-31 | 62 K | Vanguard Group Inc | 2023-12-31 | 16.3 K | Geode Capital Management, Llc | 2023-12-31 | 14.7 K | Dimensional Fund Advisors, Inc. | 2023-12-31 | 11.3 K |
Edesa Biotech Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 2.2M | 625.6K | (748.3K) | (1.7M) | (1.6M) | (1.5M) | |
| Free Cash Flow | (5.0M) | (13.7M) | (12.3M) | (6.6M) | (6.0M) | (6.3M) | |
| Net Income | (6.4M) | (13.3M) | (17.5M) | (8.4M) | (7.5M) | (7.9M) | |
| End Period Cash Flow | 7.2M | 7.8M | 7.1M | 5.4M | 6.2M | 6.0M | |
| Depreciation | 57.6K | 118.8K | 118.2K | 183.5K | 211.0K | 130.1K | |
| Other Non Cash Items | 655.9K | 3.3M | 2.4M | 308.0K | 354.2K | 336.5K | |
| Investments | 19.1K | (6.1K) | (5.7K) | 41.0 | 36.9 | 35.06 | |
| Change To Netincome | 46.5K | 598.4K | 3.2M | 2.3M | 2.6M | 2.7M |
Edesa Biotech Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Edesa Biotech or Biotechnology sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Edesa Biotech's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Edesa stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.15 | |
β | Beta against NYSE Composite | -0.26 | |
σ | Overall volatility | 4.57 | |
Ir | Information ratio | 0.01 |
Edesa Biotech Volatility Alert
Edesa Biotech shows above-average downside volatility for the selected time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Edesa Biotech's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Edesa Biotech's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Edesa Biotech Fundamentals Vs Peers
Comparing Edesa Biotech's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Edesa Biotech's direct or indirect competition across all of the common fundamentals between Edesa Biotech and the related equities. This way, we can detect undervalued stocks with similar characteristics as Edesa Biotech or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Edesa Biotech's fundamental indicators could also be used in its relative valuation, which is a method of valuing Edesa Biotech by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Edesa Biotech to competition |
| Fundamentals | Edesa Biotech | Peer Average |
| Return On Equity | -0.96 | -0.31 |
| Return On Asset | -0.56 | -0.14 |
| Current Valuation | 9.97 M | 16.62 B |
| Shares Outstanding | 3.22 M | 571.82 M |
| Shares Owned By Insiders | 28.35 % | 10.09 % |
| Shares Owned By Institutions | 10.74 % | 39.21 % |
| Number Of Shares Shorted | 19.5 K | 4.71 M |
| Price To Earning | (3.96) X | 28.72 X |
| Price To Book | 2.46 X | 9.51 X |
| Price To Sales | 120,478 X | 11.42 X |
| Gross Profit | 311.2 K | 27.38 B |
| EBITDA | (9.22 M) | 3.9 B |
| Net Income | (8.37 M) | 570.98 M |
| Cash And Equivalents | 12.81 M | 2.7 B |
| Cash Per Share | 0.83 X | 5.01 X |
| Total Debt | 94.49 K | 5.32 B |
| Debt To Equity | 0 % | 48.70 % |
| Current Ratio | 2.68 X | 2.16 X |
| Book Value Per Share | 1.85 X | 1.93 K |
| Cash Flow From Operations | (6.64 M) | 971.22 M |
| Short Ratio | 1.67 X | 4.00 X |
| Earnings Per Share | (20.16) X | 3.12 X |
| Target Price | 24.0 | |
| Number Of Employees | 16 | 18.84 K |
| Beta | 0.92 | -0.15 |
| Market Capitalization | 14.36 M | 19.03 B |
| Total Asset | 8.89 M | 29.47 B |
| Retained Earnings | (52.42 M) | 9.33 B |
| Working Capital | 4.61 M | 1.48 B |
| Current Asset | 6.92 M | 9.34 B |
| Current Liabilities | 581.49 K | 7.9 B |
| Net Asset | 8.89 M |
Note: Acquisition by Johnson Lorin K of 4262 shares of Edesa Biotech at 4.0 subject to Rule 16b-3 [view details]
Edesa Biotech Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Edesa . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Edesa Biotech Buy or Sell Advice
When is the right time to buy or sell Edesa Biotech? Buying financial instruments such as Edesa Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Other Current Liabilities | 2.1M | 1.7M | 2.0M | 1.2M | Total Assets | 11.6M | 8.9M | 10.2M | 8.7M |
Use Investing Ideas to Build Portfolios
In addition to having Edesa Biotech in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Shipping Containers
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Shipping Containers theme has 15 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Shipping Containers Theme or any other thematic opportunities.
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Check out Edesa Biotech Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For information on how to trade Edesa Stock refer to our How to Trade Edesa Stock guide.You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
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When running Edesa Biotech's price analysis, check to measure Edesa Biotech'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 Edesa Biotech is operating at the current time. Most of Edesa Biotech's value examination focuses on studying past and present price action to predict the probability of Edesa Biotech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Edesa Biotech's price. Additionally, you may evaluate how the addition of Edesa Biotech to your portfolios can decrease your overall portfolio volatility.
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Is Edesa Biotech's industry 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 Edesa Biotech. If investors know Edesa 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 Edesa Biotech listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (20.16) | Quarterly Revenue Growth (1.00) | Return On Assets (0.56) | Return On Equity (0.96) |
The market value of Edesa Biotech is measured differently than its book value, which is the value of Edesa that is recorded on the company's balance sheet. Investors also form their own opinion of Edesa Biotech's value that differs from its market value or its book value, called intrinsic value, which is Edesa Biotech'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 Edesa Biotech's market value can be influenced by many factors that don't directly affect Edesa Biotech'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 Edesa Biotech's value and its price as these two are different measures arrived at by different means. Investors typically determine if Edesa Biotech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Edesa Biotech'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.