Analysis Leverage Shares -3x Short US 500 ETC (SSPY)
5/26/2024
Analysis of Leverage Shares -3x Short US 500 ETC (SSPY)
The Leveraged Shares -3x Short US 500 ETC is designed to provide investors with a daily short exposure to the performance of the S&P 500 Index, with a leverage factor of -3x. This means that for every 1% decrease in the S&P 500 Index, the ETC aims to increase by 3%.Looking at the recent data for the S&P 500 Index, we can see that the price has been fluctuating within a range. The Relative Strength Index (RSI) indicator is around 35, indicating that the index is neither overbought nor oversold. The Moving Average Convergence Divergence (MACD) indicator is negative, suggesting a bearish trend.
Given the negative MACD and the RSI in the neutral zone, it seems that the S&P 500 Index may experience some downward pressure in the short term. This could potentially benefit the Leveraged Shares -3x Short US 500 ETC, as it aims to provide inverse returns to the index.
However, it's important to note that leveraged and inverse ETCs are designed for short-term trading and may not be suitable for long-term investments due to compounding effects and daily rebalancing.
Investors considering the Leveraged Shares -3x Short US 500 ETC should closely monitor the market conditions and have a clear understanding of the risks involved in trading inverse and leveraged products.
Earnings estimate
Based on the analysts' estimates for future quarterly and annual earnings per share (EPS):1. For the current quarter ending on June 30, 2024, the average EPS estimate is $1.33, with a low estimate of $1.27 and a high estimate of $1.36. This shows growth compared to the EPS of $1.26 from the same quarter a year ago.
2. For the next quarter ending on September 30, 2024, the average EPS estimate is $1.53, with a low estimate of $1.44 and a high estimate of $1.63. This indicates an increase from the EPS of $1.46 from the same quarter last year.
3. For the current fiscal year ending on September 30, 2024, the average EPS estimate is $6.59, with a low estimate of $6.43 and a high estimate of $6.92. This reflects growth compared to the EPS of $6.13 from the previous fiscal year.
4. Looking ahead to the next fiscal year ending on September 30, 2025, the average EPS estimate is $7.23, with a low estimate of $6.40 and a high estimate of $7.90. This forecast suggests an increase from the EPS of $6.59 reported for the current fiscal year.
Overall, the analysts' estimates point towards a positive trend of increasing earnings per share for the company in both the short term and the long term.
Earnings
The company's results for the most recent quarter, ending on April 30, 2025, have not been provided at this time. The previous quarter's results, ending on February 27, 2025, were handled by the Transfer Agent. The quarter before that, ending on January 31, 2025, had results released after hours. The results for the quarter ending on October 31, 2024, were not provided at the time. However, the quarter ending on August 1, 2024, had an EPS estimate of 1.33.Main Statystic ðŸ§
The data provided includes financials, stock statistics, valuation metrics, stock price summary, and dividends and splits information for a specific company.In terms of financials, the company has strong operating cash flow and levered free cash flow, with a positive profit margin and healthy return on assets and equity. The balance sheet shows a current ratio slightly above 1, indicating good liquidity, but a high total debt to equity ratio. The income statement reflects solid revenue and net income figures, with a positive operating margin.
Moving on to stock statistics, the company has a relatively low short ratio and short percent of shares outstanding. The majority of shares are held by institutions, with a small percentage held by insiders. The stock has a significant market capitalization and enterprise value.
Valuation metrics show a high PEG ratio and forward PE ratio, with a relatively high price to book and price to sales ratios. The stock is trading at a trailing PE ratio and has moderate enterprise value multiples.
The stock price summary indicates volatility, with a beta above 1 and a fluctuation in the fifty-two week range. The stock is currently trading below its fifty-two week high.
Lastly, dividends and splits information show a consistent dividend payout, with a moderate dividend yield. The company has a history of dividend payments and stock splits.
Income statement 💸
Here are the revenue figures for the company over the past four fiscal years:- 2020: $274,515,000,000
- 2021: $365,817,000,000
- 2022: $394,328,000,000
- 2023: $383,285,000,000
From these numbers, we can observe the following trends:
1. There was a steady increase in revenue from 2020 to 2022, with a significant jump between 2021 and 2022.
2. However, in 2023, there was a slight decrease in revenue compared to the previous year.
3. Overall, the company has shown growth in revenue over the past four years, with some fluctuations in the most recent year.
These insights can help in analyzing the company's performance and making strategic decisions for the future.
Revenue estimate
Based on analysts' estimates for the future quarterly and annual sales of the company, we can draw the following conclusions:1. For the current quarter ending on June 30, 2024, the average sales estimate is $83,776,900,000, with a sales growth of 2% compared to the same quarter last year. The number of analysts providing estimates is 24.
2. For the next quarter ending on September 30, 2024, the average sales estimate is $92,375,300,000, with a sales growth of 3% compared to the same quarter last year. The number of analysts providing estimates is 24.
3. For the current fiscal year ending on September 30, 2024, the average sales estimate is $386,681,000,000, with a sales growth of 1% compared to the previous fiscal year. The number of analysts providing estimates is 37.
4. For the next fiscal year ending on September 30, 2025, the average sales estimate is $411,555,000,000, with a sales growth of 6% compared to the current fiscal year. The number of analysts providing estimates is 37.
These estimates suggest a moderate growth trend in both quarterly and annual sales for the company, with slightly higher growth expected in the next fiscal year compared to the current one.
Growth estimates
Based on the consensus estimates provided, we can draw the following conclusions regarding the growth rate of the company for different periods:1. Current Quarter: The estimated growth rate for the current quarter is 5.6%.
2. Next Quarter: The estimated growth rate for the next quarter is 4.8%.
3. Current Year: The estimated growth rate for the current year is 7.5%.
4. Next Year: The estimated growth rate for the next year is 9.7%.
5. Past 5 Years (per annum): The average growth rate for the past 5 years is 20.1%.
6. Next 5 Years (per annum): The estimated growth rate for the next 5 years is 11%.
These estimates suggest a positive growth trend for the company, with a slightly lower growth rate expected in the next 5 years compared to the past 5 years. The company is projected to experience steady growth in the short term, with a significant increase in growth rate compared to the past year expected in the next year.
Price target
The analysts' forecast for the future price of the security is as follows:- Low: $164
- High: $250
- Median: $200
- Average: $202.26
- Current price: $191.57
- Currency: USD
Based on these forecasts, we can see that the analysts have a wide range of opinions on the future price of the security, with the low end at $164, the high end at $250, and the average at $202.26. The current price of the security is $191.57, which is below the median and average forecasted prices. Investors should consider these forecasts along with other factors when making investment decisions.
Balance Sheet
These are balance sheets. Here are the conclusions:1. The total assets have been increasing over the years, reaching $365,725,000,000 in 2018.
2. Current assets fluctuate, with the highest value in 2019 at $162,819,000,000.
3. Non-current assets have been increasing steadily, with the highest value in 2019 at $175,697,000,000.
4. Total liabilities have also been increasing, reaching $255,355,000,000 in 2018.
5. Shareholders' equity has been fluctuating, with the highest value in 2018 at $107,147,000,000.
Cash Flow 💶
This is the cash flow statement. Here are some conclusions we can draw from the data:1. The company's free cash flow has been fluctuating over the years, with the highest value recorded in 2022 and the lowest in 2020.
2. Operating cash flow has generally been increasing year over year, indicating improved operational efficiency.
3. Financing activities have a significant impact on the company's cash position, with large amounts being used for common stock repurchase and debt issuance.
4. Investing activities show a mix of acquisitions, investments, and capital expenditures, with varying levels of cash flow impact each year.
5. Interest paid and income tax paid have also varied over the years, affecting the company's overall cash flow position.
6. The end cash position has fluctuated, but the company has maintained a positive cash balance throughout the years.
MACD of SSPY
This is not investment advice. Remember to verify the information provided here.
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