Niocorp Developments Ltd Stock Cash Per Share
| NB Stock | 2.28 0.10 4.20% |
NioCorp Developments Ltd fundamentals help investors to digest information that contributes to NioCorp Developments' financial success or failures. It also enables traders to predict the movement of NioCorp Stock. The fundamental analysis module provides a way to measure NioCorp Developments' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to NioCorp Developments stock.
NioCorp | Cash Per Share |
NioCorp Developments Ltd Company Cash Per Share Analysis
NioCorp Developments' Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
NioCorp Cash Per Share Driver Correlations
Understanding the fundamental principles of building solid financial models for NioCorp Developments is extremely important. It helps to project a fair market value of NioCorp Stock properly, considering its historical fundamentals such as Cash Per Share. Since NioCorp Developments' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of NioCorp Developments' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of NioCorp Developments' interrelated accounts and indicators.
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Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
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NioCorp Common Stock Shares Outstanding
Common Stock Shares Outstanding |
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In accordance with the recently published financial statements, NioCorp Developments Ltd has a Cash Per Share of 0.0 times. This is 100.0% lower than that of the Metals & Mining sector and about the same as Materials (which currently averages 0.0) industry. The cash per share for all United States stocks is 100.0% higher than that of the company.
NioCorp Cash Per Share Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses NioCorp Developments' direct or indirect competition against its Cash Per Share to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of NioCorp Developments could also be used in its relative valuation, which is a method of valuing NioCorp Developments by comparing valuation metrics of similar companies.NioCorp Developments is currently under evaluation in cash per share category among related companies.
NioCorp Fundamentals
| Return On Equity | -7.72 | |||
| Return On Asset | -1.23 | |||
| Current Valuation | 90.03 M | |||
| Shares Outstanding | 36.25 M | |||
| Shares Owned By Insiders | 7.21 % | |||
| Shares Owned By Institutions | 4.95 % | |||
| Number Of Shares Shorted | 822.01 K | |||
| Price To Book | 11.06 X | |||
| EBITDA | (39.48 M) | |||
| Net Income | (40.08 M) | |||
| Total Debt | 2.8 M | |||
| Book Value Per Share | (0.18) X | |||
| Cash Flow From Operations | (17.3 M) | |||
| Short Ratio | 8.81 X | |||
| Earnings Per Share | (1.29) X | |||
| Target Price | 12.0 | |||
| Beta | 0.13 | |||
| Market Capitalization | 82.66 M | |||
| Total Asset | 20.93 M | |||
| Retained Earnings | (150.48 M) | |||
| Working Capital | 164 K | |||
| Net Asset | 20.93 M |
About NioCorp Developments Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze NioCorp Developments Ltd's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NioCorp Developments using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NioCorp Developments Ltd based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards NioCorp Developments in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, NioCorp Developments' short interest history, or implied volatility extrapolated from NioCorp Developments options trading.
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Try AI Portfolio ArchitectCheck out NioCorp Developments Piotroski F Score and NioCorp Developments Altman Z Score analysis. Note that the NioCorp Developments information on this page should be used as a complementary analysis to other NioCorp Developments' 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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Complementary Tools for NioCorp Stock analysis
When running NioCorp Developments' price analysis, check to measure NioCorp Developments' 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 NioCorp Developments is operating at the current time. Most of NioCorp Developments' value examination focuses on studying past and present price action to predict the probability of NioCorp Developments' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NioCorp Developments' price. Additionally, you may evaluate how the addition of NioCorp Developments to your portfolios can decrease your overall portfolio volatility.
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Is NioCorp Developments' 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 NioCorp Developments. If investors know NioCorp 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 NioCorp Developments listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.29) | Return On Assets (1.23) | Return On Equity (7.72) |
The market value of NioCorp Developments is measured differently than its book value, which is the value of NioCorp that is recorded on the company's balance sheet. Investors also form their own opinion of NioCorp Developments' value that differs from its market value or its book value, called intrinsic value, which is NioCorp Developments' 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 NioCorp Developments' market value can be influenced by many factors that don't directly affect NioCorp Developments' 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 NioCorp Developments' value and its price as these two are different measures arrived at by different means. Investors typically determine if NioCorp Developments is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NioCorp Developments' 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.