TEXAS MINERAL RESOURCES has a negative utilization of assets of -47.15 %, losing $0.4715 for each dollar of assets held by the company. Inadequate asset utilization indicates the company is being less efficient with each dollar of assets it has. In other words asset utilization of TEXAS MINERAL RESOURCES shows how discouraging it operates for each dollar spent on its assets. In general, we focus on analyzing TEXAS (TMRC) price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build TEXAS MINERAL RESOURCES daily price indicators and compare them against related drivers.
Please consider monitoring Texas Rare on a daily basis if you are holding a position in it. Texas Rare 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 Texas Rare stock to be traded above the $1 level to remain listed. If Texas Rare 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.
Texas Rare technical otc stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, otc market cycles, or different charting patterns.
Texas Rare
financial leverage refers to using borrowed capital as a funding source to finance Texas Rare Earth ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Texas Rare 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 Texas Rare'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 Texas Rare'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 Texas Rare's total debt and its cash.
The firm currently falls under 'Micro-Cap' category with current market capitalization of 95
M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate TEXAS MINERAL's market, we take the total number of its shares issued and multiply it by TEXAS MINERAL'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 these looking for more risk prefer small-cap and mid-cap equities. The latest price spikes of TEXAS MINERAL has created some momentum for investors as it was traded today as low as
1.31 and as high as
1.5 per share. The company executives may have good odds in positioning the company resources to exploit market volatility in
August. The stock standard deviation of daily returns for 30 days investing horizon is currently 6.93. The very high volatility is mostly attributed to the latest market swings and not very good earnings reports from some of the TEXAS MINERAL RESOURCES partners.
Does TEXAS MINERAL have anything more to drop some light on in July?
Current mean deviation is at 5.39. TEXAS MINERAL RESOURCES is displaying above-average volatility of 7.03 over the selected time horizon. Investors should scrutinize TEXAS MINERAL RESOURCES independently to ensure intended market timing strategies are aligned with expectations about TEXAS MINERAL volatility.
Our Conclusion on TEXAS MINERAL
Whereas some other companies in other industrial metals & mining industry are either recovering or due for a correction, TEXAS MINERAL may not be performing as strong as the other in terms of long-term growth potentials. To conclude, as of 13th of July 2020, our analysis shows that TEXAS MINERAL follows the market closely. The company is
undervalued and projects
below average odds of distress for the next 2 years. Our primary 30 days buy-hold-sell advice on the company is
Cautious Hold. With a somewhat neutral outlook on your 30 days horizon, it may be better to hold off any trading activity and neither acquire new shares of TEXAS nor exit your existing holdings in the OTC Stock. It seems the expected volatility has not yet been 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 TEXAS MINERAL.
Ellen Johnson is a Member of Macroaxis Editorial Board. Ellen covers public companies in North America, focusing primarily on valuation and volatility. Six years of experience in predictive investment analytics and risk management.
View Profile 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 Ellen Johnson do not own shares of Texas Rare Earth. Please refer to our
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