Westaim (WEDXF) Stock Price, News & Analysis

Company Overview

The Westaim Corporation is a private equity firm specializing in direct and indirect investments through acquisitions, joint ventures, secondary investments both direct and indirect, fund of fund investments, and other arrangements. For direct investments, the firm invests in early venture, mid venture, late venture, middle market, later stage, mature, emerging growth, PIPEs, and buyout transactions. For fund of fund investments, it seeks to invest in private equity funds, venture capital funds, and hedge funds. The firm seeks to provide long term capital to businesses operating in the global financial services industry. It typically acquires controlling interests in businesses. The firm seeks to acquire debt, equity, or derivative securities of both public and private companies. It invests with the objective of providing its shareholders with capital appreciation and real wealth preservation. The firm seeks to provide its portfolio companies with advisory services including, but not limited to, advice on capital allocation, financing strategy, performance measurement and merger and acquisition support. It also seeks to partner with like-minded providers of third party capital to help supplement the firm's own capital, when completing acquisitions. The firm generally seeks to hold its investments for seven to 15 years. The Westaim Corporation was founded in 1996 and is based in Toronto, Canada.

Key Stats

• Today's Range: $3.49 to $3.61
• 50-Day Range: $2.89 to $3.63
• 52-Week Range: $2.55 to $3.70
• Volume: 94,253 shs
• Average Volume: 121,680 shs
• Market Capitalization: $452.43 million
• P/E Ratio: 12.17
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Westaim Stock Analysis - MarketRank™

Westaim scored higher than 13% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Westaim.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Westaim is 12.17, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.46.

Price to Earnings Ratio vs. Sector

The P/E ratio of Westaim is 12.17, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 119.84.

Price to Book Value per Share Ratio

Westaim has a P/B Ratio of 0.89. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.03% of the outstanding shares of Westaim have been sold short.

Short Interest Ratio / Days to Cover

Westaim has a short interest ratio ("days to cover") of 0.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Westaim has recently increased by 125.85%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Westaim does not currently pay a dividend.

Dividend Growth

Westaim does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.03% of the outstanding shares of Westaim have been sold short.

Short Interest Ratio / Days to Cover

Westaim has a short interest ratio ("days to cover") of 0.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Westaim has recently increased by 125.85%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 0.6 / 5
• News Sentiment: N/A

Search Interest

1 people have searched for WEDXF on MarketBeat in the last 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Westaim insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 4.21% of the stock of Westaim is held by insiders.

WEDXF Stock Analysis - Frequently Asked Questions

How have WEDXF shares performed this year?

Westaim's stock was trading at $2.85 at the beginning of 2024. Since then, WEDXF shares have increased by 23.9% and is now trading at $3.5299.
View the best growth stocks for 2024 here.

How were Westaim's earnings last quarter?

The Westaim Co. (OTCMKTS:WEDXF) issued its quarterly earnings data on Thursday, November, 18th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.06 by $0.05. The company earned $0.58 million during the quarter. Westaim had a net margin of 284.74% and a trailing twelve-month return on equity of 7.73%.

How do I buy shares of Westaim?

Shares of WEDXF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

• Last Earnings: 11/18/2021
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: OTCMKTS
• Sector: Basic Materials
• Industry: Surgical & medical instruments
• Sub-Industry: Medical Equipment
• Current Symbol: OTCMKTS:WEDXF
• CUSIP: N/A
• CIK: 1108828
• Web: www.westaim.com
• Phone: (416) 969-3333
• Fax: 416-969-3334
• Employees: 7
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $0.29
• Trailing P/E Ratio: 12.17
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $183.98 million
• Net Margins: 284.74%
• Pretax Margin: 759.71%
• Return on Equity: 7.73%
• Return on Assets: 7.25%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 6.57
• Quick Ratio: 6.57

Sales & Book Value

• Annual Sales: $8.63 million
• Price / Sales: 52.42
• Cash Flow: $1.41 per share
• Price / Cash Flow: 2.51
• Book Value: $3.95 per share
• Price / Book: 0.89

Miscellaneous

• Outstanding Shares: 128,170,000
• Free Float: 122,776,000
• Market Cap: $452.43 million
• Optionable: Not Optionable
• Beta: 0.47