Earthworks Industries Stock Fundamentals
| EAATF Stock | USD 0.14 0.04 22.22% |
Earthworks Industries fundamentals help investors to digest information that contributes to Earthworks Industries' financial success or failures. It also enables traders to predict the movement of Earthworks Pink Sheet. The fundamental analysis module provides a way to measure Earthworks Industries' 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 Earthworks Industries pink sheet.
Earthworks |
Earthworks Industries Company Shares Outstanding Analysis
Earthworks Industries' 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 Earthworks Industries Shares Outstanding | 94.31 M |
Most of Earthworks Industries' 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, Earthworks Industries 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, Earthworks Industries has 94.31 M of shares currently outstending. This is 35.29% lower than that of the Industrials sector and 20.22% lower than that of the Waste Management industry. The shares outstanding for all United States stocks is 83.51% higher than that of the company.
Earthworks Industries Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Earthworks Industries's current stock value. Our valuation model uses many indicators to compare Earthworks Industries value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Earthworks Industries competition to find correlations between indicators driving Earthworks Industries's intrinsic value. More Info.Earthworks Industries is one of the top stocks in return on equity category among related companies. It is one of the top stocks in return on asset category among related companies . Comparative valuation analysis is a catch-all model that can be used if you cannot value Earthworks Industries by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Earthworks Industries' Pink Sheet. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Earthworks Industries' earnings, one of the primary drivers of an investment's value.Earthworks Shares Outstanding Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Earthworks Industries' direct or indirect competition against its Shares Outstanding to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of Earthworks Industries could also be used in its relative valuation, which is a method of valuing Earthworks Industries by comparing valuation metrics of similar companies.Earthworks Industries is currently under evaluation in shares outstanding category among related companies.
Earthworks Fundamentals
| Return On Equity | -0.79 | |||
| Return On Asset | -0.0707 | |||
| Current Valuation | 13.16 M | |||
| Shares Outstanding | 94.31 M | |||
| Shares Owned By Insiders | 27.30 % | |||
| Price To Earning | (6.26) X | |||
| Price To Book | 7.09 X | |||
| EBITDA | (606.63 K) | |||
| Net Income | (1.05 M) | |||
| Cash And Equivalents | 49.18 K | |||
| Total Debt | 8.14 M | |||
| Debt To Equity | 4.14 % | |||
| Current Ratio | 0.05 X | |||
| Book Value Per Share | 0.02 X | |||
| Cash Flow From Operations | (553.32 K) | |||
| Earnings Per Share | (0.01) X | |||
| Beta | 1.01 | |||
| Market Capitalization | 14.02 M | |||
| Total Asset | 11.23 M | |||
| Z Score | 0.6 | |||
| Net Asset | 11.23 M |
About Earthworks Industries Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Earthworks Industries's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Earthworks Industries using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Earthworks Industries 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.Earthworks Industries Inc., a development stage company, focuses on providing waste disposal services for private and public sectors in the United States and Canada. The company was incorporated in 1984 and is headquartered in Vancouver, Canada. Earthworks Indus operates under Waste Management classification in the United States and is traded on OTC Exchange.
Pair Trading with Earthworks Industries
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 Earthworks Industries 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 Earthworks Industries will appreciate offsetting losses from the drop in the long position's value.Moving against Earthworks Pink Sheet
| 0.81 | GE | GE Aerospace Earnings Call This Week | PairCorr |
| 0.69 | AISP | Airship AI Holdings Symbol Change | PairCorr |
| 0.66 | RSG | Republic Services Financial Report 25th of April 2024 | PairCorr |
| 0.65 | CWST | Casella Waste Systems Financial Report 25th of April 2024 | PairCorr |
| 0.56 | TMRAF | Tomra Systems ASA | PairCorr |
The ability to find closely correlated positions to Earthworks Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Earthworks Industries 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 Earthworks Industries - 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 Earthworks Industries to buy it.
The correlation of Earthworks Industries 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 Earthworks Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Earthworks Industries 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 Earthworks Industries 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Earthworks Industries. 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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for Earthworks Pink Sheet analysis
When running Earthworks Industries' price analysis, check to measure Earthworks Industries' 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 Earthworks Industries is operating at the current time. Most of Earthworks Industries' value examination focuses on studying past and present price action to predict the probability of Earthworks Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Earthworks Industries' price. Additionally, you may evaluate how the addition of Earthworks Industries to your portfolios can decrease your overall portfolio volatility.
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