Omni-Lite Stock Today

OML Stock  CAD 0.54  0.03  5.88%   
Market Performance
0 of 100
Odds Of Distress
Less than 31
Omni-Lite Industries is selling for under 0.54 as of the 6th of February 2023; that is 5.88% increase since the beginning of the trading day. The stock's lowest day price was 0.54. Omni-Lite Industries has about a 31 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Omni-Lite Industries Canada 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
Industrials
ISIN
CA6819761066
Omni-Lite Industries Canada Inc. develops, manufactures, and sells precision components to Fortune 500 companies in the United States, Canada, and Barbados. Omni-Lite Industries Canada Inc. was founded in 1992 and is headquartered in Cerritos, California. The company has 15.41 M outstanding shares of which 93.63 K shares are now shorted by private and institutional investors with about 5.44 days to cover all short positions. More on Omni-Lite Industries Canada
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Omni-Lite Industries 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. Omni-Lite Industries' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Omni-Lite Industries or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO, DirectorDavid Robbins
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 Omni-Lite Industries' available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong SellOvervalued
Omni-Lite Industries Canada (OML) is traded on TSX Venture Exchange in Canada and employs 17 people. The company currently falls under 'Nano-Cap' category with a current market capitalization of 8.32 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Omni-Lite Industries's market, we take the total number of its shares issued and multiply it by Omni-Lite Industries'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. Omni-Lite Industries classifies itself under Industrials sector and is part of Metal Fabrication industry. The entity has 15.41 M outstanding shares of which 93.63 K shares are now shorted by private and institutional investors with about 5.44 days to cover all short positions. Omni-Lite Industries Canada has accumulated about 148.29 K in cash with (827.19 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01.
Check Omni-Lite Industries Probability Of Bankruptcy
Ownership
Omni-Lite Industries owns a total of fifteen million four hundred twelve thousand six hundred outstanding shares. Omni-Lite Industries holds 10.79 pct. if its outstanding shares held by insiders and 10.79 pct. owned by third-party entities . Please note that no matter how much assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.

Ownership Allocation

Check Omni-Lite Ownership Details

Omni-Lite Stock Price Odds Analysis

Depending on a normal probability distribution, the odds of Omni-Lite Industries jumping above the current price in 90 days from now is about 80.13%. The Omni-Lite Industries Canada probability density function shows the probability of Omni-Lite Industries stock to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Omni-Lite Industries Canada has a beta of -0.2351. This indicates as returns on benchmark increase, returns on holding Omni-Lite Industries are expected to decrease at a much lower rate. During the bear market, however, Omni-Lite Industries Canada is likely to outperform the market. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Omni-Lite Industries is significantly underperforming NYSE Composite.
  Odds Below 0.54HorizonTargetOdds Above 0.54
19.81%90 days
 0.54 
80.13%
Based on a normal probability distribution, the odds of Omni-Lite Industries to move above the current price in 90 days from now is about 80.13 (This Omni-Lite Industries Canada probability density function shows the probability of Omni-Lite Stock to fall within a particular range of prices over 90 days) .

Omni-Lite Industries Risk Profiles

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

Omni-Lite Stock Against Markets

Picking the right benchmark for Omni-Lite Industries 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 Omni-Lite Industries 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 Omni-Lite Industries is critical whether you are bullish or bearish towards Omni-Lite Industries Canada at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Omni-Lite Industries 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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Omni-Lite Industries Corporate Executives

Elected by the shareholders, the Omni-Lite Industries' board of directors comprises two types of representatives: Omni-Lite Industries inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Omni-Lite. The board's role is to monitor Omni-Lite Industries' management team and ensure that shareholders' interests are well served. Omni-Lite Industries' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Omni-Lite Industries' outside directors are responsible for providing unbiased perspectives on the board's policies.

Invested in Omni-Lite Industries Canada?

The danger of trading Omni-Lite Industries Canada 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 Omni-Lite Industries 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 Omni-Lite Industries. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Omni-Lite Industries 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 Your Equity Center. You can also try Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

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