ANKIT METAL (India) Today

ANKITMETAL -  India Stock  

INR 1.90  0.05  2.56%

ANKIT METAL is trading at 1.90 as of the 24th of September 2021, a -2.56 percent decrease since the beginning of the trading day. The stock's lowest day price was 1.9. ANKIT METAL has 51 percent odds of going through some form of financial distress in the next two years and did not have a very good performance for investor during the last 90 trading days. Equity ratings for ANKIT METAL POWE are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 5th of October 2019 and ending today, the 24th of September 2021. Click here to learn more.
 Market Performance
2 of 100
  Odds Of Distress
Over 51
Follow Valuation Odds of Bankruptcy
Check how we calculate scores

ANKIT METAL Stock Profile

Ankit Metal Power Limited manufactures and sells iron and steel products in India. The company was founded in 2002 and is based in Kolkata, India. ANKIT METAL operates under Steel classification in India and is traded on National Stock Exchange of India. It employs 1068 people. more on ANKIT METAL
ANKIT METAL POWE may become a speculative penny stock
ANKIT METAL POWE has very high historical volatility over the last 90 days
ANKIT METAL POWE has high likelihood to experience some financial distress in the next 2 years
The company has accumulated 13.5 B in total debt. ANKIT METAL POWE has a current ratio of 0.42, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due.
The entity reported the revenue of 3.61 B. Net Loss for the year was (985.94 M) with profit before overhead, payroll, taxes, and interest of 1.13 B.
About 71.0% of the company shares are held by company insiders
Legal NameANKIT METAL POWE
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of ANKIT METAL's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
ANKIT METAL POWE (ANKITMETAL) is traded on National Stock Exchange of India in India and employs 1,068 people. The company currently falls under 'Small-Cap' category with current market capitalization of 278.83 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate ANKIT METAL's market, we take the total number of its shares issued and multiply it by ANKIT METAL's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. ANKIT METAL POWE operates under Basic Materials sector and is part of Steel industry. The entity has 141.11 M outstanding shares. ANKIT METAL POWE has accumulated about 5.08 M in cash with 2.13 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.04.
Check ANKIT METAL Probability Of Bankruptcy
Ownership
ANKIT METAL holds a total of one hundred fourty-one million one hundred ten thousand outstanding shares. ANKIT METAL POWE shows majority of its outstanding shares owned by insiders. An insider is usually defined as a corporate executive, director, member of the board or institutional investor who own at least 10% of the company outstanding shares. 71.02 percent of ANKIT METAL POWE outstanding shares that are owned by insiders signifies that they have been buying or selling the stock in recent months in anticipation of some upcoming event. Please note that no matter how much assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.

Ownership Allocation (%)

Check ANKIT Ownership Details

ANKIT Stock Price Odds Analysis

What are ANKIT METAL's target price odds to finish over the current price? Based on a normal probability distribution, the odds of ANKIT METAL jumping above the current price in 90 days from now is about 29.93%. The ANKIT METAL POWE probability density function shows the probability of ANKIT METAL stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon ANKIT METAL has a beta of 0.5206. This suggests as returns on the market go up, ANKIT METAL average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding ANKIT METAL POWE will be expected to be much smaller as well. Additionally, the company has an alpha of 0.6714, implying that it can generate a 0.67 percent excess return over DOW after adjusting for the inherited market risk (beta).
 Odds Down 1.9HorizonTargetOdds Up 1.9 
69.94%90 days
 1.90 
29.93%
Based on a normal probability distribution, the odds of ANKIT METAL to move above the current price in 90 days from now is about 29.93 (This ANKIT METAL POWE probability density function shows the probability of ANKIT Stock to fall within a particular range of prices over 90 days) .

ANKIT METAL POWE Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. ANKIT METAL market risk premium is the additional return an investor will receive from holding ANKIT METAL long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in ANKIT METAL. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although ANKIT METAL's alpha and beta are two of the key measurements used to evaluate ANKIT METAL's performance over the market, the standard measures of volatility play an important role as well.

ANKIT Stock Against Markets

Picking the right benchmark for ANKIT METAL stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in ANKIT METAL stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for ANKIT METAL is critical whether you are bullish or bearish towards ANKIT METAL POWE at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in ANKIT METAL without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Please continue to Trending Equities. Note that the ANKIT METAL POWE information on this page should be used as a complementary analysis to other ANKIT METAL'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 CEO Directory module to screen CEOs from public companies around the world.

Other Tools for ANKIT Stock

When running ANKIT METAL POWE price analysis, check to measure ANKIT METAL'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 ANKIT METAL is operating at the current time. Most of ANKIT METAL's value examination focuses on studying past and present price action to predict the probability of ANKIT METAL's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move ANKIT METAL's price. Additionally, you may evaluate how the addition of ANKIT METAL to your portfolios can decrease your overall portfolio volatility.
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