Netcoins Holdings Inc (AXCP) AI Stock Analysis

• Market Cap: C$35.55M
• Dividend Yield: N/A
• Average Volume (3M): 456.91K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.09
• Revenue Growth: N/A
• EPS Growth: 42.32%
• Country: CA
• Employees: N/A
• Sector: Financial
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): -0.12
• Shares Outstanding: 182,317,140
• 10 Day Avg. Volume: 781,928
• 30 Day Avg. Volume: 456,906
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Netcoins Holdings Inc. is currently facing substantial financial difficulties, with no revenue generation and persistent losses that severely impact its financial health. While the technical analysis suggests some short-term positive momentum, the company's negative valuation metrics, including a negative P/E ratio, reflect underlying profitability issues. The strong equity position is a positive aspect but requires a significant operational turnaround to ensure sustainability.

Netcoins Holdings Inc Business Overview & Revenue Model

Company Description

Netcoins Holdings Inc (AXCP) is a Canadian-based company operating in the fintech sector, primarily focused on cryptocurrency trading and brokerage services. Through its online platform, Netcoins provides users with the ability to buy, sell, and manage various cryptocurrencies in a secure and user-friendly environment. The company aims to simplify the process of cryptocurrency transactions for both retail and institutional investors, leveraging technology to enhance accessibility and security.

How the Company Makes Money

Netcoins Holdings Inc generates revenue primarily through transaction fees associated with the buying and selling of cryptocurrencies on its platform. These fees are charged as a percentage of each transaction or as a flat fee, depending on the nature of the trade. Additionally, the company may offer premium services, such as advanced trading tools or personalized customer support, which contribute to its revenue streams. Partnerships with financial institutions and integration with payment processors may also play a role in broadening its service offerings and enhancing its revenue potential. Netcoins' strategic focus on expanding its user base and increasing trading volume is a key driver of its financial performance.

Netcoins Holdings Inc Financial Statement Overview

Summary

Netcoins Holdings Inc. is facing significant financial challenges, with no revenue and consistent losses impacting both income and cash flow statements. The company's strong equity position is positive but might not be sustainable without a turnaround in operational performance. Reliance on financing to cover cash flow shortfalls highlights the need for strategic changes to improve financial health.

Income Statement

Netcoins Holdings Inc. has shown no revenue generation in recent years, which is a significant concern for future profitability. The company has consistently reported negative EBIT and net income, indicating continuous operational losses. The absence of revenue growth further exacerbates the weak income statement performance.

Balance Sheet

The company maintains a strong equity base with no debt, which is a positive aspect. However, the equity ratio has fluctuated due to consistent operational losses, which could affect long-term stability. The balance sheet shows a reliance on equity financing, which might not be sustainable if negative earnings continue.

Cash Flow

Netcoins Holdings Inc. has experienced negative operating cash flow in recent periods, raising concerns about cash generation from operations. While free cash flow growth appears volatile, the significant financing inflow suggests reliance on external funding, posing a risk to financial health if operational cash flows do not improve.

Breakdown
Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	43.70M
	Gross Profit
―	-76.00	-233.00	-559.00	667.71K
	EBIT
-453.44K	-899.80K	-679.86K	-970.05K	-2.98M
	EBITDA
-1.72M	-244.88K	-750.71K	-1.26M	-800.44K
	Net Income Common Stockholders
-1.72M	-1.40M	-910.45K	650.00K	-1.01M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
110.06K	208.26K	829.31K	164.73K	1.93M
	Total Assets
1.23M	2.71M	2.17M	3.09M	2.27M
	Total Debt
0.00	0.00	0.00	0.00	0.00
	Net Debt
-110.06K	-208.26K	-829.31K	-164.73K	-1.93M
	Total Liabilities
479.65K	240.89K	451.58K	620.77K	446.16K
	Stockholders Equity
754.81K	2.47M	1.72M	2.47M	1.82M
Cash Flow		Free Cash Flow
449.72K	-268.75K	-2.61M	-870.64K	-2.72M
	Operating Cash Flow
449.72K	-1.22M	-722.05K	-870.64K	-2.72M
	Investing Cash Flow
-547.92K	-1.05M	1.39M	-899.02K	-668.00
	Financing Cash Flow
0.00	1.65M	0.00	0.00	-941.15K

Netcoins Holdings Inc Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.20
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:AXCP, the sentiment is Positive. The current price of 0.2 is above the 20-day moving average (MA) of 0.18, above the 50-day MA of 0.18, and above the 200-day MA of 0.17, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 57.44 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:AXCP.

Netcoins Holdings Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GLXY	70 Outperform	$8.97B	25.77	8.74%	―	―	-82.47%
Sector *	64 Neutral	$12.58B	9.71	7.88%	16985.68%	12.28%	-5.68%
BITF	50 Neutral	$694.46M	―	-11.98%	―	33.77%	61.73%
HIVE	50 Neutral	$376.26M	―	-2.15%	―	27.99%	90.99%
DMGI	48 Neutral	$45.73M	―	-15.61%	―	17.68%	-278.21%
AXCP	39 Underperform	C$35.55M	―	-51.45%	―	―	42.32%

Netcoins Holdings Inc Corporate Events

Axcap Ventures Adjusts Stock Grants Strategy

Axcap Ventures Inc. has announced a re-allocation and reduction of stock options and restricted share units, now granting 11,525,184 options and 5,234,692 RSUs to its directors, officers, and consultants. This strategic move aligns with their investment philosophy of driving growth through targeted capital deployment in the mining and exploration sector.

AXCAP Ventures Grants Options and RSUs to Team

AXCAP Ventures Inc. has granted 18.9 million stock options and 16 million restricted share units to its directors, officers, and consultants. The options are exercisable at $0.21 per share for five years, while the RSUs expire in 2029. This move aligns with AXCAP’s strategic focus on nurturing high-potential mining projects.

AXCAP Ventures Upsizes Private Placement to $15 Million

AXCAP Ventures Inc. has announced an increase in its private placement offering from $10 million to $15 million due to high investor demand. The offering involves the issuance of 75 million special warrants, which will automatically convert into common shares and warrants, following specific conditions. The proceeds will be used for investments in mineral exploration and other corporate initiatives.