Profound Medical Corp Stock Today
| PRN Stock | CAD 10.06 0.05 0.50% |
Performance0 of 100
| Odds Of DistressLess than 21
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Profound Medical is selling at 10.06 as of the 3rd of May 2024; that is 0.50 percent increase since the beginning of the trading day. The stock's open price was 10.01. Profound Medical has about a 21 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Profound Medical Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of April 2024 and ending today, the 3rd of May 2024. Click here to learn more.
Business Domain Health Care Equipment & Services | Category Healthcare | Classification Health Care |
Profound Medical Corp. operates as a medical technology company focuses on magnetic resonance guided ablation procedures in Canada, Germany, and Finland. It is developing a treatment to ablate the prostate gland in prostate cancer patients, treatment of uterine fibroids and nerves, and palliative pain treatment for patients with metastatic bone disease. The company has 24.43 M outstanding shares of which 82.32 K shares are at this time shorted by private and institutional investors with about 19.55 days to cover all short positions. More on Profound Medical Corp
Moving against Profound Stock
| 0.73 | BFM | Bedford Metals Corp | PairCorr |
| 0.71 | MNT | Royal Canadian Mint | PairCorr |
| 0.45 | ARCH | Arch Biopartners | PairCorr |
Follow Valuation Profit Patterns Odds of Bankruptcy
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Profound 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. Profound Medical's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Profound Medical or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Idea | Drugs (View all Themes) | ||||
| Business Concentration | Health Care Equipment & Supplies, Health Care Equipment & Services, Health Care, Drugs, Health Care, Health Care Equipment & Supplies, Diagnostics & Research, Healthcare (View all Sectors) | ||||
Profound Medical's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Profound Medical's 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 Profound Medical's financial leverage. It provides some insight into what part of Profound Medical's total assets is financed by creditors.
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Profound Medical Corp (PRN) is traded on Toronto Exchange in Canada and employs 131 people. Profound Medical is listed under Health Care Equipment & Supplies category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 244.53 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Profound Medical's market, we take the total number of its shares issued and multiply it by Profound Medical'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. Profound Medical Corp operates under Health Care Equipment & Supplies sector and is part of Health Care industry. The entity has 24.43 M outstanding shares of which 82.32 K shares are at this time shorted by private and institutional investors with about 19.55 days to cover all short positions.
Profound Medical Corp has accumulated about 27.05 M in cash with (22.3 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.25.
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Ownership AllocationProfound Medical Corp has a total of 24.43 Million outstanding shares. 30% of Profound Medical Corp outstanding shares are owned by third-party entities. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. 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.
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Profound Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Profound Medical jumping above the current price in 90 days from now is close to 99%. The Profound Medical Corp probability density function shows the probability of Profound Medical stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Profound Medical has a beta of 0.674 indicating as returns on the market go up, Profound Medical average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Profound Medical Corp will be expected to be much smaller as well. Additionally, profound Medical Corp 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 Profound Medical to move above the current price in 90 days from now is close to 99 (This Profound Medical Corp probability density function shows the probability of Profound Stock to fall within a particular range of prices over 90 days) .
Profound Medical Corp Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Profound Medical market risk premium is the additional return an investor will receive from holding Profound Medical 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 Profound Medical. 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 Profound Medical's alpha and beta are two of the key measurements used to evaluate Profound Medical's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.98 | |||
| Standard Deviation | 2.64 | |||
| Variance | 6.97 | |||
| Risk Adjusted Performance | (0.05) |
Profound Stock Against Markets
Picking the right benchmark for Profound Medical 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 Profound Medical 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 Profound Medical is critical whether you are bullish or bearish towards Profound Medical Corp at a given time. Please also check how Profound Medical's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Profound Medical 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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Profound Medical Corporate Management
Elected by the shareholders, the Profound Medical's board of directors comprises two types of representatives: Profound Medical inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Profound. The board's role is to monitor Profound Medical's management team and ensure that shareholders' interests are well served. Profound Medical's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Profound Medical's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Arun MBA | Chairman CEO | Profile | |
| Hartmut Warnken | Chief OUS | Profile | |
| Jacques Cornet | Senior Sonalleve | Profile | |
| Stephen Kilmer | Investor Relations | Profile | |
| Mathieu Burtnyk | Senior TULSAPRO | Profile | |
| Abbey Goodman | Chief US | Profile | |
| Levant Tinaz | Software Developer | Profile |
How to buy Profound Stock?
Before investing in Profound Medical, 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 Profound Medical. To buy Profound Medical stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Profound Medical. 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 Profound Medical stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Profound Medical Corp 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 Profound Medical Corp 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 Profound Medical Corp, 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. For more information on how to buy Profound Stock please use our How to Invest in Profound Medical guide.
Already Invested in Profound Medical Corp?
The danger of trading Profound Medical 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 Profound Medical 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 Profound Medical. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Profound Medical 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.
When determining whether Profound Medical Corp is a strong investment it is important to analyze Profound Medical's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Profound Medical's future performance. For an informed investment choice regarding Profound Stock, refer to the following important reports: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Profound Medical Corp. 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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Complementary Tools for Profound Stock analysis
When running Profound Medical's price analysis, check to measure Profound Medical'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 Profound Medical is operating at the current time. Most of Profound Medical's value examination focuses on studying past and present price action to predict the probability of Profound Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Profound Medical's price. Additionally, you may evaluate how the addition of Profound Medical to your portfolios can decrease your overall portfolio volatility.
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