Bynd Cannasoft Enterprises Stock Performance
| BCAN Stock | USD 0.89 0.12 11.88% |
The firm shows a Beta (market volatility) of -0.94, which signifies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning BYND Cannasoft are expected to decrease slowly. On the other hand, during market turmoil, BYND Cannasoft is expected to outperform it slightly. BYND Cannasoft Enter has an expected return of -4.02%. Please make sure to confirm BYND Cannasoft Enter maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if BYND Cannasoft Enter performance from the past will be repeated at future time.
Risk-Adjusted Performance
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Over the last 90 days BYND Cannasoft Enterprises has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of abnormal performance in the last few months, the Stock's basic indicators remain very healthy which may send shares a bit higher in June 2024. The recent disarray may also be a sign of long period up-swing for the firm investors. ...more
Last Split Factor 1:190 | Last Split Date 2024-03-22 |
1 | BYND Cannasoft Enterprises prices 7M underwritten public offering | 03/12/2024 |
2 | BYND Cannasoft Enterprises Inc. Announces Closing of 7.0 Million Underwritten Public Offering | 03/14/2024 |
3 | Aegis Capital Corp. acted as Sole Bookrunner on a 7.0 Million Underwritten Public Offering for BYND Cannasoft Enterprises Inc. | 03/18/2024 |
4 | US Stocks Edge Lower FedEx Posts Upbeat Earnings | 03/22/2024 |
5 | BYND Cannasoft Provides Business Update | 03/26/2024 |
6 | Israeli Cannabis Leader Announces Suspension Of Medical Facility, Plans To Move Into Femtech | 03/27/2024 |
7 | A 45 Billion Dollars Market is in the Crosshairs of BYND Cannasoft with a New Series of Concept Smart Fem-Tech Devices | 04/03/2024 |
8 | The 7 Billion CBD Market in 2023 is Focused on Significant Growth in Personal Care | 04/05/2024 |
9 | Short Interest in BYND Cannasoft Enterprises Inc. Expands By 2357.5 percent - Defense World | 04/12/2024 |
| Begin Period Cash Flow | 2.4 M |
BYND |
BYND Cannasoft Relative Risk vs. Return Landscape
If you would invest 3,504 in BYND Cannasoft Enterprises on February 26, 2024 and sell it today you would lose (3,415) from holding BYND Cannasoft Enterprises or give up 97.46% of portfolio value over 90 days. BYND Cannasoft Enterprises is currently does not generate positive expected returns and assumes 15.0393% risk (volatility on return distribution) over the 90 days horizon. In different words, most equities are less risky than BYND, and most traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
BYND Cannasoft Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for BYND Cannasoft's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as BYND Cannasoft Enterprises, and traders can use it to determine the average amount a BYND Cannasoft'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 = -0.2672
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| Negative Returns | BCAN |
Estimated Market Risk
| 15.04 actual daily | 96 96% of assets are less volatile |
Expected Return
| -4.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.27 actual daily | 0 Most of other assets perform better |
Based on monthly moving average BYND Cannasoft 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 BYND Cannasoft by adding BYND Cannasoft to a well-diversified portfolio.
BYND Cannasoft Fundamentals Growth
BYND Stock prices reflect investors' perceptions of the future prospects and financial health of BYND Cannasoft, and BYND Cannasoft 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 BYND Stock performance.
| Return On Equity | -0.44 | ||||
| Return On Asset | -0.0758 | ||||
| Operating Margin | (10.59) % | ||||
| Current Valuation | 1.11 M | ||||
| Shares Outstanding | 9.09 M | ||||
| Price To Earning | 146.50 X | ||||
| Price To Book | 0.23 X | ||||
| Price To Sales | 5.41 X | ||||
| Revenue | 1.08 M | ||||
| Gross Profit | 623.14 K | ||||
| EBITDA | 8.05 M | ||||
| Net Income | (18.5 M) | ||||
| Cash And Equivalents | 4.03 M | ||||
| Cash Per Share | 0.14 X | ||||
| Total Debt | 85.11 K | ||||
| Debt To Equity | 0.02 % | ||||
| Current Ratio | 11.10 X | ||||
| Book Value Per Share | 155.50 X | ||||
| Cash Flow From Operations | (3.47 M) | ||||
| Earnings Per Share | (66.73) X | ||||
| Market Capitalization | 8.05 M | ||||
| Total Asset | 36.8 M | ||||
| Retained Earnings | (25.31 M) | ||||
| Working Capital | 2.44 M | ||||
About BYND Cannasoft Performance
To evaluate BYND Cannasoft Enter 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 BYND Cannasoft 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 BYND 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 BYND Cannasoft Enter market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents BYND'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 | ||
| Days Of Inventory On Hand | (9.87) | (9.37) | |
| Return On Tangible Assets | (5.54) | (5.26) | |
| Return On Capital Employed | 0.22 | 0.23 | |
| Return On Assets | (0.50) | (0.53) | |
| Return On Equity | (0.53) | (0.50) |
Things to note about BYND Cannasoft Enter performance evaluation
Checking the ongoing alerts about BYND Cannasoft for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for BYND Cannasoft Enter help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| BYND Cannasoft Enter generated a negative expected return over the last 90 days | |
| BYND Cannasoft Enter has high historical volatility and very poor performance | |
| BYND Cannasoft Enter has some characteristics of a very speculative penny stock | |
| The company reported the previous year's revenue of 1.08 M. Net Loss for the year was (18.5 M) with profit before overhead, payroll, taxes, and interest of 623.14 K. | |
| BYND Cannasoft Enterprises currently holds about 4.03 M in cash with (3.47 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.14. | |
| BYND Cannasoft Enter has a frail financial position based on the latest SEC disclosures | |
| Roughly 16.0% of the company shares are held by company insiders |
- Analyzing BYND Cannasoft'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 BYND Cannasoft's stock is overvalued or undervalued compared to its peers.
- Examining BYND Cannasoft'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 BYND Cannasoft's management team can have a significant impact on its success or failure. Reviewing the track record and experience of BYND Cannasoft's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of BYND Cannasoft's stock. These opinions can provide insight into BYND Cannasoft's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BYND Cannasoft Enterprises. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the BYND Cannasoft Enter information on this page should be used as a complementary analysis to other BYND Cannasoft's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
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When running BYND Cannasoft's price analysis, check to measure BYND Cannasoft'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 BYND Cannasoft is operating at the current time. Most of BYND Cannasoft's value examination focuses on studying past and present price action to predict the probability of BYND Cannasoft's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BYND Cannasoft's price. Additionally, you may evaluate how the addition of BYND Cannasoft to your portfolios can decrease your overall portfolio volatility.
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Is BYND Cannasoft'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 BYND Cannasoft. If investors know BYND 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 BYND Cannasoft listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (66.73) | Revenue Per Share 5.277 | Quarterly Revenue Growth (0.12) | Return On Assets (0.08) | Return On Equity (0.44) |
The market value of BYND Cannasoft Enter is measured differently than its book value, which is the value of BYND that is recorded on the company's balance sheet. Investors also form their own opinion of BYND Cannasoft's value that differs from its market value or its book value, called intrinsic value, which is BYND Cannasoft'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 BYND Cannasoft's market value can be influenced by many factors that don't directly affect BYND Cannasoft'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 BYND Cannasoft's value and its price as these two are different measures arrived at by different means. Investors typically determine if BYND Cannasoft is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BYND Cannasoft'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.