Stocks.Australia.
Stock.Altech Batteries
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| ATCStock | 0.0406.67% |
Assuming the 90 days trading horizon and your highly speculative risk level, our recommendation regarding Altech Batteries is 'Strong Sell'. A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Altech Batteries given historical horizon and risk tolerance towards Altech Batteries. When Macroaxis issues a 'buy' or 'sell' recommendation for Altech Batteries, the advice is generated through an automated system that utilizes algorithms and statistical models.
Altech |
Check out Altech Batteries Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
Note, we conduct extensive research on individual companies such as Altech and provide practical buy, sell, or hold advice based on investors' constraints. Altech Batteries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Execute Altech Batteries Buy or Sell Advice
The Altech recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Altech Batteries. Macroaxis does not own or have any residual interests in Altech Batteries or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Altech Batteries' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
Execute Advice
 |  |
Sell
Market Performance | Very Weak | Details | |
Volatility | Out of control | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Moves slightly opposite to the market | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
For the selected time horizon Altech Batteries has a Mean Deviation of 2.92, Standard Deviation of 4.01 and Variance of 16.09
We provide trade advice to complement the prevailing expert consensus on Altech Batteries. Our dynamic recommendation engine uses a multidimensional algorithm to analyze the company's potential to grow using all technical and fundamental data available at the time. To make sure Altech Batteries is not overpriced, please confirm all Altech Batteries fundamentals, including its revenue, ebitda, total debt, as well as the relationship between the gross profit and net income .
Altech Batteries Trading Alerts and Improvement Suggestions
| Altech Batteries generated a negative expected return over the last 90 days | |
| Altech Batteries has some characteristics of a very speculative penny stock | |
| Altech Batteries has high historical volatility and very poor performance | |
| The company reported the revenue of 20.81K. Net Loss for the year was (59.72M) with profit before overhead, payroll, taxes, and interest of 20.81K. | |
| Altech Batteries generates negative cash flow from operations | |
| About 23.0% of the company shares are held by company insiders |
Altech Batteries Returns Distribution Density
The distribution of Altech Batteries' historical returns is an attempt to chart the uncertainty of Altech Batteries' future price movements. The chart of the probability distribution of Altech Batteries daily returns describes the distribution of returns around its average expected value. We use Altech Batteries price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Altech Batteries returns is essential to provide solid investment advice for Altech Batteries.
| Mean Return | -0.48 | Value At Risk | -5.77 | Potential Upside | 5.56 | Standard Deviation | 4.01 |
Return Density
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Altech Batteries historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Altech Batteries Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Capital Expenditures | 10.1M | 5.2M | 2.6M | 7.2M | 8.3M | 5.3M | |
| End Period Cash Flow | 833.1K | 6.7M | 10.9M | 3.6M | 4.1M | 4.3M | |
| Change In Cash | (7.4M) | 5.9M | 4.2M | (7.3M) | (6.6M) | (6.3M) | |
| Free Cash Flow | (12.6M) | (8.9M) | (7.4M) | (15.5M) | (13.9M) | (13.2M) | |
| Depreciation | 21.6K | 230.6K | 328.9K | 347.8K | 399.9K | 419.9K | |
| Other Non Cash Items | 3.1M | (6.0M) | 579.3K | 56.4M | 64.8M | 68.1M | |
| Net Income | (3.5M) | 2.3M | (5.7M) | (59.7M) | (53.7M) | (51.1M) | |
| Net Borrowings | (2.3M) | (273.8K) | (57.0K) | 3.1M | 3.5M | 3.7M | |
| Change To Netincome | 1.7M | (6.4M) | 831.0K | 53.4M | 61.4M | 64.4M | |
| Change To Inventory | 711.0K | 101.7K | (4.4K) | 1.0 | 0.9 | 0.86 |
Backtest Altech Batteries
Altech Batteries Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Altech Batteries or Metals & Mining sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Altech Batteries' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Altech stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.42 | Details |
β | Beta against Dow Jones | -0.79 | Details |
σ | Overall volatility | 3.99 | Details |
Ir | Information ratio | -0.15 | Details |
Altech Batteries Volatility Alert
Altech Batteries exhibits very low volatility with skewness of 0.2 and kurtosis of 2.34. Altech Batteries is a penny stock. Although Altech Batteries may be in fact a good investment, many penny stocks are subject to artificial price hype. Make sure you completely understand the upside potential and downside risk of investing in Altech Batteries. We encourage investors to look for signals such as message board hypes, claims of breakthroughs, email spams, sudden volume upswings, and other similar hype indicators. We also encourage traders to check biographies and work history of company officers before investing in instruments with high volatility. You can indeed make money on Altech instrument if you perfectly time your entry and exit. However, remember that penny stocks that have been the subject of artificial hype usually unable to maintain their 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.
Altech Batteries Fundamentals Vs Peers
Comparing Altech Batteries' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Altech Batteries' direct or indirect competition across all of the common fundamentals between Altech Batteries and the related equities. This way, we can detect undervalued stocks with similar characteristics as Altech Batteries or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Altech Batteries' fundamental indicators could also be used in its relative valuation, which is a method of valuing Altech Batteries by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Altech Batteries to competition |
| Fundamentals | Altech Batteries | Peer Average |
| Return On Equity | -1.27 | -0.31 |
| Return On Asset | -0.18 | -0.14 |
| Current Valuation | 67.2 M | 16.62B |
| Shares Outstanding | 1.72 B | 571.82M |
| Shares Owned By Insiders | 22.82 % | 10.09% |
| Shares Owned By Institutions | 7.98 % | 39.21% |
| Price To Book | 1.95 X | 9.51X |
| Price To Sales | 5,959 X | 11.42X |
| Revenue | 20.81 K | 9.43B |
| Gross Profit | 20.81 K | 27.38B |
| EBITDA | (13.2 M) | 3.9B |
| Net Income | (59.72 M) | 570.98M |
| Total Debt | 4.28 M | 5.32B |
| Book Value Per Share | 0.02 X | 1.93K |
| Cash Flow From Operations | (8.28 M) | 971.22M |
| Earnings Per Share | (0.06) X | 3.12X |
| Number Of Employees | 19 | 18.84K |
| Beta | 0.3 | -0.15 |
| Market Capitalization | 68.83 M | 19.03B |
| Total Asset | 44.88 M | 29.47B |
| Retained Earnings | (90.32 M) | 9.33B |
| Working Capital | (129.62 K) | 1.48B |
| Net Asset | 44.88 M |
Altech Batteries Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Altech . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 0.05 | |||
| Daily Balance Of Power | 1.25 | |||
| Rate Of Daily Change | 1.07 | |||
| Day Median Price | 0.039 | |||
| Day Typical Price | 0.0393 | |||
| Market Facilitation Index | 0.002 | |||
| Price Action Indicator | 0.0023 | |||
| Period Momentum Indicator | 0.0025 | |||
| Relative Strength Index | 50.74 |
About Altech Batteries Buy or Sell Advice
When is the right time to buy or sell Altech Batteries? Buying financial instruments such as Altech Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
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Additional Tools for Altech Stock Analysis
When running Altech Batteries' price analysis, check to measure Altech Batteries' 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 Altech Batteries is operating at the current time. Most of Altech Batteries' value examination focuses on studying past and present price action to predict the probability of Altech Batteries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Altech Batteries' price. Additionally, you may evaluate how the addition of Altech Batteries to your portfolios can decrease your overall portfolio volatility.
