Recommendation: Speculative Buy
| Entry Date | Symbol | Recommendation | Entry Price (CAD) | Target 1 (CAD) | Target 2 (CAD) | Holding Duration | Potential Upside |
|---|---|---|---|---|---|---|---|
| 11 Jun, 24 | NEO | Speculative Buy | CAD 6.854 | CAD 8.1 | CAD 8.6 | 16 days | 25.5% |
Data Powered by EOD Historical Data (“EODHD”).
Neo Performance Materials Inc. engages in the manufacture and sale of rare earth, magnetic powders, magnets, and rare metal-based functional materials in Canada and internationally. The company operates in three segments: Magnequench, Chemicals and Oxides, and Rare Metals. The Magnequench segment produces magnetic powders that are used in bonded and hot deformed fully dense neodymium-iron-boron magnets; and bonded magnets. Its powders are used in the production of bonded permanent magnets that are components in automotive motors, pumps, micro motors, traction motors, sensors, and other applications. The Chemicals and Oxides segments manufactures and distributes a range of industrial materials for use in auto catalysts, consumer electronics, petroleum refining, hybrid and electric vehicles, and municipal and industrial wastewater treatment applications. The Rare Metals segment sources, produces, reclaims, refines, and markets high-temperature metals that include tantalum, niobium, hafnium, and rhenium; and electronic metals, such as gallium and indium for jet engines, medical imaging, wireless technologies, and LED lightings, as well as flat panel displays, solar, steel additives, batteries, and electronic applications. The company was founded in 1994 and is headquartered in Toronto, Canada.
| Entry Price | Support* | Target 1 | Target 2 |
|---|---|---|---|
| 6.854 | 6.05 | 8.1 | 8.6 |
Data Source: REFINITIV, Analysis: StockNextt
*Support can be considered as an indicative stop-loss, and if prices move below that level on closing basis individuals may evaluate exiting the position depending on their risk appetite, previous holdings, and other factors considered. The support and resistance levels may need to be re-evaluated within 4-6 weeks’ time frame depending on the stock price movements from the date of recommendation on the stock.
Data Powered by EOD Historical Data (“EODHD”).
Sector: Basic Materials Industry: Specialty Chemicals
| Company | Change (CAD) | Price (CAD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| NEO Neo Performance Materials Inc |
0.02 0.25% | 7.96 | 79.60 | 11.53 | 0.67 | 0.57 | 0.40 | 5.70 |
| VNP 5N Plus Inc. |
0.13 1.86% | 7.13 | 27.46 | 16.64 | 2.07 | 2.94 | 1.93 | 11.57 |
| AIM Aimia Inc |
-0.04 1.54% | 2.55 | - | 175.44 | 0.59 | 0.46 | 1.10 | 3.92 |
| ECO EcoSynthetix Inc |
-0.01 0.23% | 4.25 | - | 23.04 | 14.74 | 4.27 | 8.55 | -77.5095 |
| NANO Nano One Materials Corp |
0.04 5.00% | 0.84 | - | - | - | 3.73 | -27.1616 |
Data Powered by EOD Historical Data (“EODHD”).
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Target: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Target 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Target 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
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