Obitx OTC Stock Quote Today

OBTX
 Stock
  

USD 3.63  0.42  10.37%   

Market Performance
2 of 100
Odds Of Distress
Less than 24
Obitx is trading at 3.63 as of the 27th of June 2022; that is -10.37 percent decrease since the beginning of the trading day. The stock's open price was 4.05. Obitx has about a 24 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Obitx Inc are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of April 2022 and ending today, the 27th of June 2022. Click here to learn more.
CUSIP
67441R106
Fiscal Year End
January
Category
Technology
ObitX, Inc., together with its subsidiaries, engages in the business of digital cryptocurrency and blockchain development, and consulting services. ObitX, Inc. was incorporated in 2017 and is headquartered in Fleming Island, Florida Obitx operates under SoftwareApplication classification in the United States and is traded on OTC Exchange. The company has 8.6 M outstanding shares. More on Obitx Inc
Follow Valuation Odds of Bankruptcy
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Obitx OTC 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. If you consider yourself one of those investors, make sure you clearly understand your entering position. Obitx's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Obitx or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Obitx Inc is way too risky over 90 days horizon
Obitx Inc appears to be risky and price may revert if volatility continues
Obitx Inc currently holds about 1.55 M in cash with (1.97 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.18.
Roughly 52.0% of the company outstanding shares are owned by corporate insiders
Latest headline from MacroaxisInsider: Purchase by Hawkins Michael W of 8619 shares of Obitx
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Obitx's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Cautious HoldOvervalued
Obitx Inc [OBTX] is traded as part of a regulated electronic over-the-counter service offered by the NASD. The company currently falls under 'Micro-Cap' category with current market capitalization of 34.85 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Obitx's market, we take the total number of its shares issued and multiply it by Obitx'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. Obitx Inc conducts business under Technology sector and is part of Software—Application industry. The entity has 8.6 M outstanding shares. Obitx Inc currently holds about 1.55 M in cash with (1.97 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.18.
Check Obitx Probability Of Bankruptcy
Ownership
Obitx Inc has a total of 8.6 Million outstanding shares. Obitx has significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.

Ownership Allocation (%)

Check Obitx Ownership Details

Obitx Stock Price Odds Analysis

What are Obitx's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Obitx jumping above the current price in 90 days from now is about 1.37%. The Obitx Inc probability density function shows the probability of Obitx otc stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the otc stock has a beta coefficient of 3.1962. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Obitx will likely underperform. In addition to that, the company has an alpha of 4.0423, implying that it can generate a 4.04 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 4.0HorizonTargetOdds Above 4.0
98.62%90 days
 4.00 
1.37%
Based on a normal probability distribution, the odds of Obitx to move above the current price in 90 days from now is about 1.37 (This Obitx Inc probability density function shows the probability of Obitx OTC Stock to fall within a particular range of prices over 90 days) .

Obitx Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Obitx that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Obitx's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Obitx's value.
InstituionSecurity TypeTotal SharesValue
Ifp Advisors IncCommon Shares0.00.0
Ancora Advisors LlcCommon Shares1.00.0
View Obitx Diagnostics

Obitx Inc Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Obitx market risk premium is the additional return an investor will receive from holding Obitx 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 Obitx. 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 Obitx's alpha and beta are two of the key measurements used to evaluate Obitx's performance over the market, the standard measures of volatility play an important role as well.

Obitx Stock Against Markets

Picking the right benchmark for Obitx otc 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 Obitx otc 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 Obitx is critical whether you are bullish or bearish towards Obitx Inc at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Obitx without increasing your portfolio risk or giving up 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.

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Investing Obitx Inc

You need to understand the risk of investing before taking a position in Obitx. The danger of trading Obitx Inc 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 Obitx 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 Obitx. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Obitx Inc 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.
Please check Your Equity Center. Note that the Obitx Inc information on this page should be used as a complementary analysis to other Obitx's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Transaction History module to view history of all your transactions and understand their impact on performance.

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When running Obitx Inc price analysis, check to measure Obitx'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 Obitx is operating at the current time. Most of Obitx's value examination focuses on studying past and present price action to predict the probability of Obitx's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Obitx's price. Additionally, you may evaluate how the addition of Obitx to your portfolios can decrease your overall portfolio volatility.
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Is Obitx's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Obitx. If investors know Obitx will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Obitx listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
36.9 M
Quarterly Revenue Growth YOY
-0.76
Return On Assets
-0.17
Return On Equity
0.0063
The market value of Obitx Inc is measured differently than its book value, which is the value of Obitx that is recorded on the company's balance sheet. Investors also form their own opinion of Obitx's value that differs from its market value or its book value, called intrinsic value, which is Obitx's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Obitx's market value can be influenced by many factors that don't directly affect Obitx's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Obitx's value and its price as these two are different measures arrived at by different means. Investors typically determine Obitx value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Obitx's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.