FPX Nickel Stock Today

FPX Stock  CAD 0.43  0.01  2.38%   
Market Performance
4 of 100
Odds Of Distress
Less than 29
FPX Nickel is selling for under 0.43 as of the 6th of February 2023; that is 2.38 percent up since the beginning of the trading day. The stock's lowest day price was 0.41. FPX Nickel has about a 29 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for FPX Nickel Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 7th of January 2023 and ending today, the 6th of February 2023. Click here to learn more.
Fiscal Year End
December
Category
Basic Materials
ISIN
CA3025911023
FPX Nickel Corp. engages in the acquisition, exploration, and development of mineral properties. FPX Nickel Corp. was founded in 1995 and is headquartered in Vancouver, Canada. FPX NICKEL operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange.. The company has 241.16 M outstanding shares of which 168.24 K shares are currently shorted by private and institutional investors with about 0.6 days to cover all short positions. More on FPX Nickel Corp
Follow Valuation Odds of Bankruptcy
Check how we calculate scores

FPX Nickel Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. FPX Nickel's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding FPX Nickel or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
President CEOMartin Turenne
Macroaxis Advice
The 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 FPX Nickel's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong SellOvervalued
FPX Nickel Corp (FPX) is traded on TSX Venture Exchange in Canada and employs 14 people. The company currently falls under 'Small-Cap' category with a current market capitalization of 103.7 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate FPX Nickel's market, we take the total number of its shares issued and multiply it by FPX Nickel'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 those looking for more risk prefer small-cap and mid-cap equities. FPX Nickel Corp classifies itself under Basic Materials sector and is part of Industrial Metals & Minerals industry. The entity has 241.16 M outstanding shares of which 168.24 K shares are currently shorted by private and institutional investors with about 0.6 days to cover all short positions. FPX Nickel Corp has accumulated about 1.17 M in cash with (1.66 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01.
Check FPX Nickel Probability Of Bankruptcy
Ownership
FPX Nickel Corp retains a total of 241.16 Million outstanding shares. FPX Nickel Corp retains noticeable amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.

Ownership Allocation

Check FPX Nickel Ownership Details

FPX Nickel Stock Price Odds Analysis

Depending on a normal probability distribution, the odds of FPX Nickel jumping above the current price in 90 days from now is about 50.0%. The FPX Nickel Corp probability density function shows the probability of FPX Nickel stock to fall within a particular range of prices over 90 days. Assuming the 90 days horizon FPX Nickel has a beta of 0.7572. This usually indicates as returns on the market go up, FPX Nickel average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding FPX Nickel Corp will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. FPX Nickel Corp is significantly underperforming NYSE Composite.
  Odds Below 0.43HorizonTargetOdds Above 0.43
49.77%90 days
 0.43 
50.00%
Based on a normal probability distribution, the odds of FPX Nickel to move above the current price in 90 days from now is about 50.0 (This FPX Nickel Corp probability density function shows the probability of FPX Nickel Stock to fall within a particular range of prices over 90 days) .

FPX Nickel Corp Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. FPX Nickel market risk premium is the additional return an investor will receive from holding FPX Nickel 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 FPX Nickel. 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 FPX Nickel's alpha and beta are two of the key measurements used to evaluate FPX Nickel's performance over the market, the standard measures of volatility play an important role as well.

FPX Nickel Stock Against Markets

Picking the right benchmark for FPX Nickel 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 FPX Nickel 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 FPX Nickel is critical whether you are bullish or bearish towards FPX Nickel Corp at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in FPX Nickel without increasing your portfolio risk or giving up the 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.

Did you try this?

Run Piotroski F Score Now

   

Piotroski F Score

Get Piotroski F Score based on binary analysis strategy of nine different fundamentals
All  Next Launch Module

FPX Nickel Corporate Directors

FPX Nickel corporate directors refer to members of a FPX Nickel board of directors. The board of directors generally takes responsibility for the FPX Nickel's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of FPX Nickel's board members must vote for the resolution. The FPX Nickel board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Peter Marshall - DirectorProfile
James Gilbert - DirectorProfile
John McDonald - Independent DirectorProfile
Robert Watts - Lead Independent DirectorProfile

Invested in FPX Nickel Corp?

The danger of trading FPX Nickel Corp is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of FPX Nickel is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than FPX Nickel. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile FPX Nickel Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please check Investing Opportunities. You can also try My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

Complementary Tools for analysis

When running FPX Nickel Corp price analysis, check to measure FPX Nickel'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 FPX Nickel is operating at the current time. Most of FPX Nickel's value examination focuses on studying past and present price action to predict the probability of FPX Nickel's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move FPX Nickel's price. Additionally, you may evaluate how the addition of FPX Nickel to your portfolios can decrease your overall portfolio volatility.
ETF Directory
Find actively traded Exchange Traded Funds (ETF) from around the world
Fundamental Analysis
View fundamental data based on most recent published financial statements
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
Please note, there is a significant difference between FPX Nickel's value and its price as these two are different measures arrived at by different means. Investors typically determine FPX Nickel value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FPX Nickel'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.