Nexoptic Stock Today

NXO Stock  CAD 0.11  0.00  0.00%   
Market Performance
2 of 100
Odds Of Distress
Over 74
Nexoptic Technology is selling for under 0.11 as of the 7th of February 2023; that is No Change since the beginning of the trading day. The stock's lowest day price was 0.11. Nexoptic Technology has a very high chance of experiencing financial distress in the next few years of operation. It also did not have a very good performance during the last 90 trading days. Equity ratings for Nexoptic Technology Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 8th of January 2023 and ending today, the 7th of February 2023. Click here to learn more.
Fiscal Year End
NexOptic Technology Corp., together with its subsidiaries, a technology company, develops and invests in optical and lens technologies. NexOptic Technology Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada. NEXOPTIC TECHNOLOGY operates under Electronic Components classification in Canada and is traded on TSX Venture Exchange.. The company has 187 M outstanding shares of which 50.63 K shares are now shorted by private and institutional investors with about 0.51 days to cover all short positions. More on Nexoptic Technology Corp

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Nexoptic Technology 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. Nexoptic Technology's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Nexoptic Technology or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
President CEO, DirectorPaul McKenzie
Thematic IdeaComputers (view all)
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 Nexoptic Technology's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong SellOvervalued
Nexoptic Technology Corp (NXO) is traded on TSX Venture Exchange in Canada and employs 19 people. The company currently falls under 'Micro-Cap' category with a current market capitalization of 20.57 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Nexoptic Technology's market, we take the total number of its shares issued and multiply it by Nexoptic Technology'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. Nexoptic Technology Corp classifies itself under Technology sector and is part of Electronic Components industry. The entity has 187 M outstanding shares of which 50.63 K shares are now shorted by private and institutional investors with about 0.51 days to cover all short positions. Nexoptic Technology Corp has accumulated about 1.09 M in cash with (2.06 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01.
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Nexoptic Technology Corp holds a total of 187 Million outstanding shares. Nexoptic Technology Corp secures 11.66 % if its outstanding shares held by insiders and 11.66 % owned by institutional investors . 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

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Nexoptic Stock Price Odds Analysis

Depending on a normal probability distribution, the odds of Nexoptic Technology jumping above the current price in 90 days from now is about 22.88%. The Nexoptic Technology Corp probability density function shows the probability of Nexoptic Technology stock to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Nexoptic Technology has a beta of 0.9012. This indicates Nexoptic Technology Corp market returns are correlated to returns on the market. As the market goes up or down, Nexoptic Technology is expected to follow. Additionally, the company has an alpha of 0.5196, implying that it can generate a 0.52 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 0.11HorizonTargetOdds Above 0.11
77.03%90 days
Based on a normal probability distribution, the odds of Nexoptic Technology to move above the current price in 90 days from now is about 22.88 (This Nexoptic Technology Corp probability density function shows the probability of Nexoptic Stock to fall within a particular range of prices over 90 days) .

Nexoptic Technology Corp Risk Profiles

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

Nexoptic Stock Against Markets

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

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Our tools can tell you how much better you can do entering a position in Nexoptic Technology 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.

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Nexoptic Technology Corporate Directors

Nexoptic Technology corporate directors refer to members of a Nexoptic Technology board of directors. The board of directors generally takes responsibility for the Nexoptic Technology'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 Nexoptic Technology's board members must vote for the resolution. The Nexoptic Technology board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
John Daugela - DirectorProfile
Arch Meredith - DirectorProfile
James Clark - Independent DirectorProfile
Stephen Petranek - DirectorProfile

Invested in Nexoptic Technology Corp?

The danger of trading Nexoptic Technology 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 Nexoptic Technology 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 Nexoptic Technology. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Nexoptic Technology 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.
Additionally, see Correlation Analysis. You can also try Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

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When running Nexoptic Technology Corp price analysis, check to measure Nexoptic Technology'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 Nexoptic Technology is operating at the current time. Most of Nexoptic Technology's value examination focuses on studying past and present price action to predict the probability of Nexoptic Technology's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Nexoptic Technology's price. Additionally, you may evaluate how the addition of Nexoptic Technology to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Nexoptic Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine Nexoptic Technology value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nexoptic Technology'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.