Numinus Wellness Stock Today
NUMI Stock | 0.07 0.01 6.25% |
Performance0 of 100
| Odds Of DistressOver 68
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Numinus Wellness is selling at 0.075 as of the 29th of April 2024; that is -6.25 percent decrease since the beginning of the trading day. The stock's open price was 0.08. Numinus Wellness has more than 68 % chance of experiencing financial distress in the next few years of operation. It also generated negative returns for investors over the last 90 days. Equity ratings for Numinus Wellness are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of March 2024 and ending today, the 29th of April 2024. Click here to learn more.
Business Domain Health Care Equipment & Services | Category Healthcare | Classification Health Care |
Numinus Wellness is entity of Canada. It is traded as Stock on TO exchange. The company has 320.55 M outstanding shares of which 699.33 K shares are now shorted by private and institutional investors with about 0.76 days to cover all short positions. More on Numinus Wellness
Moving against Numinus Stock
0.74 | MNT | Royal Canadian Mint | PairCorr |
0.63 | CYB | Cymbria | PairCorr |
Follow Valuation Profit Patterns Odds of Bankruptcy
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Numinus 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. Numinus Wellness' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Numinus Wellness or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
COO President | Michael MBA | ||||
Thematic Idea | Health Management (View all Themes) | ||||
Business Concentration | Health Care Providers & Services, Health Care Equipment & Services, Health Care, Health Management, Health Care, Health Care Providers & Services, Medical Care Facilities, Healthcare (View all Sectors) | ||||
Numinus Wellness' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Numinus Wellness' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Numinus Wellness' financial leverage. It provides some insight into what part of Numinus Wellness' total assets is financed by creditors.
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Numinus Wellness (NUMI) is traded on Toronto Exchange in Canada and employs 15 people. Numinus Wellness is listed under Health Care Providers & Services category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 24.04 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Numinus Wellness's market, we take the total number of its shares issued and multiply it by Numinus Wellness'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. Numinus Wellness operates under Health Care Providers & Services sector and is part of Health Care industry. The entity has 320.55 M outstanding shares of which 699.33 K shares are now shorted by private and institutional investors with about 0.76 days to cover all short positions.
Numinus Wellness generates negative cash flow from operations
Check Numinus Wellness Probability Of Bankruptcy
Ownership AllocationNuminus Wellness maintains a total of 320.55 Million outstanding shares. Numinus Wellness secures 3.89 % of its outstanding shares held by insiders and 2.72 % owned by institutional investors. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.
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Numinus Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Numinus Wellness jumping above the current price in 90 days from now is about 98.0%. The Numinus Wellness probability density function shows the probability of Numinus Wellness stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon the stock has a beta coefficient of 1.5753. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Numinus Wellness will likely underperform. Additionally, numinus Wellness has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Numinus Wellness to move above the current price in 90 days from now is about 98.0 (This Numinus Wellness probability density function shows the probability of Numinus Stock to fall within a particular range of prices over 90 days) .
Numinus Wellness Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Numinus Wellness market risk premium is the additional return an investor will receive from holding Numinus Wellness 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 Numinus Wellness. 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 Numinus Wellness' alpha and beta are two of the key measurements used to evaluate Numinus Wellness' performance over the market, the standard measures of volatility play an important role as well.
Mean Deviation | 4.54 | |||
Standard Deviation | 6.9 | |||
Variance | 47.63 | |||
Risk Adjusted Performance | (0.05) |
Numinus Stock Against Markets
Picking the right benchmark for Numinus Wellness 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 Numinus Wellness 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 Numinus Wellness is critical whether you are bullish or bearish towards Numinus Wellness at a given time. Please also check how Numinus Wellness' historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Numinus Wellness 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?
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Numinus Wellness Corporate Management
Elected by the shareholders, the Numinus Wellness' board of directors comprises two types of representatives: Numinus Wellness inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Numinus. The board's role is to monitor Numinus Wellness' management team and ensure that shareholders' interests are well served. Numinus Wellness' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Numinus Wellness' outside directors are responsible for providing unbiased perspectives on the board's policies.
Payton Nyquvest | CEO CoFounder | Profile | |
Nikhil Handa | Chief Officer | Profile | |
Evan MD | Chief Officer | Profile | |
Julie Saunders | Chief Officer | Profile | |
Ian Noble | Chief Officer | Profile | |
Melony CPA | Interim Officer | Profile |
How to buy Numinus Stock?
Before investing in Numinus Wellness, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Numinus Wellness. To buy Numinus Wellness stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Numinus Wellness. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Numinus Wellness stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Numinus Wellness stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Numinus Wellness stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Numinus Wellness, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Numinus Wellness?
The danger of trading Numinus Wellness 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 Numinus Wellness 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 Numinus Wellness. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Numinus Wellness 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.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Numinus Wellness. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Numinus Stock analysis
When running Numinus Wellness' price analysis, check to measure Numinus Wellness' 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 Numinus Wellness is operating at the current time. Most of Numinus Wellness' value examination focuses on studying past and present price action to predict the probability of Numinus Wellness' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Numinus Wellness' price. Additionally, you may evaluate how the addition of Numinus Wellness to your portfolios can decrease your overall portfolio volatility.
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