Snow Lake Resources Stock Price on June 10, 2022
| LITM Stock | USD 0.91 0.04 4.60% |
If you're considering investing in Snow Stock, it is important to understand the factors that can impact its price. As of today, the current price of Snow Lake stands at 0.91, as last reported on the 23rd of April, with the highest price reaching 0.91 and the lowest price hitting 0.87 during the day. Snow Lake Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0118, which indicates the firm had a -0.0118% return per unit of risk over the last 3 months. Snow Lake Resources exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Snow Lake's Risk Adjusted Performance of (0.01), coefficient of variation of (2,768), and Variance of 40.31 to confirm the risk estimate we provide.
At this time, Snow Lake's Other Stockholder Equity is very stable compared to the past year. As of the 23rd of April 2024, Capital Stock is likely to grow to about 49 M, while Common Stock Shares Outstanding is likely to drop about 15.4 K. . As of the 23rd of April 2024, Price Earnings To Growth Ratio is likely to grow to 0.00, while Price Earnings Ratio is likely to drop (0). Snow Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Snow |
Sharpe Ratio = -0.0118
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| Negative Returns | LITM |
Estimated Market Risk
| 6.42 actual daily | 56 56% of assets are less volatile |
Expected Return
| -0.08 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Snow Lake 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 Snow Lake by adding Snow Lake to a well-diversified portfolio.
Price Book 1.1251 | Book Value 1.193 | Enterprise Value 11.4 M | Enterprise Value Ebitda (1.07) | Shares Float 12.2 M |
Snow Lake Valuation on June 10, 2022
It is possible to determine the worth of Snow Lake on a given historical date. On June 10, 2022 Snow was worth 3.91 at the beginning of the trading date compared to the closed value of 4.58. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Snow Lake stock. Still, in general, we apply an absolute valuation method to find Snow Lake's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Snow Lake where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Snow Lake's related companies.
| Open | High | Low | Close | Volume | |
| 3.86 | 4.25 | 3.85 | 3.99 | 756,500 | |
06/10/2022 | 3.91 | 4.58 | 3.75 | 4.58 | 766,500 |
| 4.60 | 4.71 | 4.08 | 4.31 | 1,159,300 |
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Snow Lake Trading Date Momentum on June 10, 2022
| On June 13 2022 Snow Lake Resources was traded for 4.31 at the closing time. The top price for the day was 4.71 and the lowest listed price was 4.08 . The trading volume for the day was 1.2 M. The trading history from June 13, 2022 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 5.90% . The trading price change against the current closing price is 27.95% . |
Snow Lake Resources Fundamentals Correlations and Trends
By evaluating Snow Lake's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Snow Lake's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Snow financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Snow Lake Stock history
Snow Lake investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Snow is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Snow Lake Resources will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Snow Lake stock prices may prove useful in developing a viable investing in Snow Lake
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 16.2 K | 15.4 K | |
| Net Loss | -8.5 M | -8.1 M |
Snow Lake Stock Technical Analysis
Snow Lake technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Snow Lake Period Price Range
Low | June 10, 2022
| High |
3.91 | 4.58 |
Snow Lake April 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Snow Lake stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Snow Lake shares will generate the highest return on investment. By undertsting and applying Snow Lake stock market strength indicators, traders can identify Snow Lake Resources entry and exit signals to maximize returns
| Accumulation Distribution | 138907.0 | |||
| Daily Balance Of Power | 0.8072 | |||
| Rate Of Daily Change | 1.17 | |||
| Day Median Price | 4.17 | |||
| Day Typical Price | 4.3 | |||
| Price Action Indicator | 0.75 | |||
| Period Momentum Indicator | (3.67) |
Snow Lake Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Snow Lake's price direction in advance. Along with the technical and fundamental analysis of Snow Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Snow to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.46) | |||
| Total Risk Alpha | (1.02) | |||
| Treynor Ratio | (0.08) |
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| Volume Indicators |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Snow Lake Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for Snow Stock analysis
When running Snow Lake's price analysis, check to measure Snow Lake'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 Snow Lake is operating at the current time. Most of Snow Lake's value examination focuses on studying past and present price action to predict the probability of Snow Lake's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Snow Lake's price. Additionally, you may evaluate how the addition of Snow Lake to your portfolios can decrease your overall portfolio volatility.
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Is Snow Lake'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 Snow Lake. If investors know Snow 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 Snow Lake listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.62) | Return On Assets (0.26) | Return On Equity (0.43) |
The market value of Snow Lake Resources is measured differently than its book value, which is the value of Snow that is recorded on the company's balance sheet. Investors also form their own opinion of Snow Lake's value that differs from its market value or its book value, called intrinsic value, which is Snow Lake'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 Snow Lake's market value can be influenced by many factors that don't directly affect Snow Lake'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 Snow Lake's value and its price as these two are different measures arrived at by different means. Investors typically determine if Snow Lake is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Snow Lake'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.