TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Prophecy DeFi Inc ( (TSE:PDFI) ) just unveiled an update.
Prophecy DeFi Inc. announced its intention to amend the terms of its $5.36 million principal amount convertible debentures issued in December 2021. The proposed amendments, which require approval from both debenture holders and shareholders, aim to restructure the company’s balance sheet, enhancing its ability to attract new investment capital and pursue business development initiatives. The amendments have been conditionally approved by the Canadian Securities Exchange, and further details will be provided once all necessary approvals are obtained.
Spark’s Take on TSE:PDFI Stock
According to Spark, TipRanks’ AI Analyst, TSE:PDFI is a Underperform.
Prophecy DeFi Inc. faces substantial financial challenges, with negative revenue and profit margins, high leverage, and poor cash flow management. Technical analysis shows potential oversold conditions but generally bearish momentum. Valuation metrics are weak, with a negative P/E ratio and no dividends. The company is in need of significant corrective measures to improve its financial health and investor appeal.
To see Spark’s full report on TSE:PDFI stock, click here.
More about Prophecy DeFi Inc
Prophecy DeFi Inc. is a publicly traded investment company focused on generating returns through capital appreciation and income. It aims to achieve these goals by investing in technology start-ups within the Blockchain and Decentralized Finance sectors, fostering innovation, industry research, and new business opportunities.
Average Trading Volume: 144,601
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$1.33M
Learn more about PDFI stock on TipRanks’ Stock Analysis page.