Well DESTINY MEDIA debt increase in August

Today post will break down DESTINY MEDIA. I will inspect why investors should continue to be optimistic in the company outlook. The entity current daily volatility is 8.54 percent, with a beta of -0.22 and an alpha of 0.44 over DOW. The company almost neglects market trends. We were able to collect and analyze data for thirty-two available fundamental indicators for DESTINY MEDIA TECHNOLOGIES, which can be compared to its rivals. To make sure the equity is not overpriced, please confirm all DESTINY MEDIA TECHNO financials, including its net income, as well as the relationship between the book value per share and total asset . As DESTINY MEDIA TECHNO is a penny stock we also recommend to verify its price to earning numbers. Use DESTINY MEDIA to protect your portfolios against small markets fluctuations. The stock experiences an unexpected downward movement. The market is reacting to new fundamentals. Check odds of DESTINY MEDIA to be traded at $0.6048 in 30 days.
Published over a year ago
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Reviewed by Michael Smolkin

The firm currently holds 553.3 K in liabilities with Debt to Equity (D/E) ratio of 0.22, which may suggest DESTINY MEDIA TECHNO is not taking enough advantage from borrowing. DESTINY MEDIA currently holds 553.3 K in liabilities with Debt to Equity (D/E) ratio of 0.22, which may suggest the entity is not taking enough advantage from borrowing. This firm has a current ratio of 3.79, suggesting that it is liquid enough and is able to pay its financial obligations when due.
Destiny Media financial leverage ratio helps determine the effect of debt on the overall profitability of the company. It measures the total debt position of Destiny Media, including all of Destiny Media's outstanding debt obligations, and compares it with the equity. In simple terms, the high financial leverage means the cost of production, together with running the business day-to-day, is high, whereas, lower financial leverage implies lower fixed cost investment in the business and generally considered by investors to be a good sign. So if creditors own a majority of Destiny Media assets, the company is considered highly leveraged. Understanding the composition and structure of overall Destiny Media debt and outstanding corporate bonds gives a good idea of how risky the capital structure of a business is and if it is worth investing in it. Please read more on our technical analysis page.

Watch out for price decline

Please consider monitoring Destiny Media on a daily basis if you are holding a position in it. Destiny Media is trading at a penny-stock level, and the possibility of delisting is much higher compared to other otcs. However, just because the otc stock is trading under one dollar, does not mean it will be marked for deletion. Most exchanges require public instruments, such as Destiny Media stock to be traded above the $1 level to remain listed. If Destiny Media otc stock price falls below $1 for 30 consecutive trading days, the exchange can delist it. Once the company reaches this point, they will be sent an initial price violation notice directly from an exchange.

How important is Destiny Media's Liquidity

Destiny Media financial leverage refers to using borrowed capital as a funding source to finance Destiny Media Technologies ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Destiny Media financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Financial leverage can amplify the potential profits to Destiny Media's owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of Destiny Media's financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the breakdown between Destiny Media's total debt and its cash.

Breaking it down a bit more

DESTINY MEDIA reports 1.13 m working capital. DESTINY MEDIA TECHNO reported previous year revenue of 3.8 M. Net Income was 266.2 K with profit before overhead, payroll, taxes, and interest of 3.5 M. DESTINY MEDIA is selling for 0.63. This is -3.08 percent decrease. The latest price is at 0.63.

Over 3 percent slide for DESTINY MEDIA today. What does it mean for investors?

DESTINY MEDIA current jensen alpha rises over 0.44. DESTINY MEDIA TECHNOLOGIES is showing large volatility of returns over the selected time horizon. We encourage all investors to investigate this asset further to make sure related market timing strategies are aligned with all the expectations about DESTINY MEDIA implied risk. DESTINY MEDIA TECHNOLOGIES is a potential penny stock. Although DESTINY MEDIA may be in fact a good instrument to invest, many penny otc stocks are speculative in nature and are subject to artificial price hype. Please make sure you totally understand the upside potential and downside risk of investing in DESTINY MEDIA TECHNOLOGIES. We encourage investors to look for the signals such us email spams, message board hypes, claims of breakthroughs, volume upswings, sudden news releases, promotions that are not reported, or demotions released before SEC filings. Please also check biographies and work history of current and past company officers before investing in high volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on this equity instrument if you perfectly time your entry and exit. However, remember that penny stocks that have been the subject of an artificial hype usually unable to maintain its increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.

The Current Takeaway on DESTINY MEDIA Investment

Despite other entities in software—application industry are either recovering or due for a correction, DESTINY MEDIA may not be performing as strong as the other in terms of long-term growth potentials. Taking everything into account, as of 13th of July 2020, we believe that DESTINY MEDIA is currently overvalued with low probability of distress in the next two years. Our current 30 days Buy/Hold/Sell recommendation on the company is Strong Sell. With a less-than optimistic outlook for your 30 days horizon, it may be a good time to exit some or all of your DESTINY MEDIA holdings as it seems the potential growth was already fully factored into the current price. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to DESTINY MEDIA.

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Editorial Staff

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of Destiny Media Technologies. Please refer to our Terms of Use for any information regarding our disclosure principles.

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