Purepoint Uranium Group Stock Target Price
| PTU Stock | CAD 0.04 0.01 12.50% |
Purepoint Uranium Group fundamentals help investors to digest information that contributes to Purepoint Uranium's financial success or failures. It also enables traders to predict the movement of Purepoint Stock. The fundamental analysis module provides a way to measure Purepoint Uranium'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 Purepoint Uranium stock.
Purepoint | Target Price |
Purepoint Uranium Current Valuation Drivers
We derive many important indicators used in calculating different scores of Purepoint Uranium from analyzing Purepoint Uranium's financial statements. These drivers represent accounts that assess Purepoint Uranium's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Purepoint Uranium's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 12.9M | 20.3M | 28.0M | 21.9M | 21.1M | 12.0M | |
| Enterprise Value | 11.8M | 18.1M | 23.8M | 18.0M | 17.1M | 10.8M |
Purepoint Fundamentals
| Return On Equity | -1.21 | ||||
| Return On Asset | -0.68 | ||||
| Current Valuation | 13.55 M | ||||
| Shares Outstanding | 500.72 M | ||||
| Shares Owned By Insiders | 2.21 % | ||||
| Shares Owned By Institutions | 1.26 % | ||||
| Number Of Shares Shorted | 142.19 K | ||||
| Price To Earning | (6.67) X | ||||
| Price To Book | 6.03 X | ||||
| EBITDA | (5.49 M) | ||||
| Net Income | (5.17 M) | ||||
| Cash And Equivalents | 5.13 M | ||||
| Cash Per Share | 0.02 X | ||||
| Total Debt | 75.23 K | ||||
| Debt To Equity | 0.01 % | ||||
| Current Ratio | 11.01 X | ||||
| Book Value Per Share | 0.01 X | ||||
| Cash Flow From Operations | (3.89 M) | ||||
| Short Ratio | 0.44 X | ||||
| Earnings Per Share | (0.01) X | ||||
| Target Price | 0.25 | ||||
| Beta | 1.75 | ||||
| Market Capitalization | 17.53 M | ||||
| Total Asset | 4.46 M | ||||
| Retained Earnings | (61.94 M) | ||||
| Working Capital | 4.12 M | ||||
| Net Asset | 4.46 M |
About Purepoint Uranium Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Purepoint Uranium Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Purepoint Uranium using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Purepoint Uranium Group 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.
Pair Trading with Purepoint Uranium
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 Purepoint Uranium 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 Purepoint Uranium will appreciate offsetting losses from the drop in the long position's value.Moving against Purepoint Stock
| 0.81 | ENB-PFC | Enbridge Pref 11 | PairCorr |
| 0.81 | GOOG | Alphabet CDR | PairCorr |
| 0.78 | CHEV | CHEVRON CDR | PairCorr |
| 0.69 | SAGE | Sage Potash Corp | PairCorr |
| 0.55 | ENS-PA | E Split Corp | PairCorr |
The ability to find closely correlated positions to Purepoint Uranium could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Purepoint Uranium 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 Purepoint Uranium - 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 Purepoint Uranium Group to buy it.
The correlation of Purepoint Uranium 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 Purepoint Uranium moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Purepoint Uranium 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 Purepoint Uranium 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Purepoint Uranium Group. 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 Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Complementary Tools for Purepoint Stock analysis
When running Purepoint Uranium's price analysis, check to measure Purepoint Uranium'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 Purepoint Uranium is operating at the current time. Most of Purepoint Uranium's value examination focuses on studying past and present price action to predict the probability of Purepoint Uranium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Purepoint Uranium's price. Additionally, you may evaluate how the addition of Purepoint Uranium to your portfolios can decrease your overall portfolio volatility.
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