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Sixty Six Capital Inc (TSE:SIX)
:SIX

Sixty Six Capital Inc (SIX) AI Stock Analysis

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Sixty Six Capital Inc

(OTC:SIX)

Rating:58Neutral
Price Target:
The overall score reflects significant operational and liquidity challenges, as indicated by the financial performance, balanced somewhat by positive technical indicators and an attractive valuation. The lack of earnings call data and corporate events does not provide additional context to adjust the score.

Sixty Six Capital Inc (SIX) vs. iShares MSCI Canada ETF (EWC)

Sixty Six Capital Inc Business Overview & Revenue Model

Company DescriptionSixty Six Capital Inc. provides co-location and cloud computing services. The company engages in the high-performance computing, storage, and information processing activities. It also invests in various technology sectors, such as crypto tokens and crypto finance. The company was formerly known as Hydro66 Holdings Corp. and changed its name to Sixty Six Capital Inc. in April 2021. Sixty Six Capital Inc. is headquartered in London, the United Kingdom.
How the Company Makes MoneySixty Six Capital Inc generates revenue through strategic investments in blockchain-related ventures and digital assets. The company earns money by acquiring stakes in promising blockchain startups and technologies, as well as by managing a portfolio of digital currencies whose value can appreciate over time. Additionally, Sixty Six Capital may establish partnerships with other technology firms and financial institutions to enhance its investment opportunities and maximize returns. Revenue is also supplemented through consultancy services and advisory roles within the blockchain and cryptocurrency domains.

Sixty Six Capital Inc Financial Statement Overview

Summary
Sixty Six Capital Inc. displays a challenging financial position with inconsistent income generation, improving yet still leveraged balance sheet stability, and negative cash flow trends. While there are signs of improvement in equity and cash positions, significant operational and liquidity challenges remain.
Income Statement
20
Very Negative
The company shows a lack of consistent revenue generation with a significant net income shift from a large loss to profit in TTM. Gross and EBIT margins are unstable, with EBIT remaining negative, indicating operational challenges. Revenue growth is non-existent due to volatile and minimal revenue figures.
Balance Sheet
65
Positive
The balance sheet reflects moderate stability with an improving equity position and a decreasing debt-to-equity ratio from negative to positive equity. However, the total liabilities remain high compared to assets. The equity ratio is strengthening, indicating a better capital structure.
Cash Flow
35
Negative
Cash flow from operations is negative, with free cash flow also in the negative territory, indicating liquidity issues. The free cash flow growth is volatile, and while there is some improvement, the company struggles to generate positive cash flow.
Breakdown
TTMDec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Income StatementTotal Revenue
22.80K0.000.001.78M3.61M4.60M
Gross Profit
22.80K0.000.00635.90K-348.26K-36.77K
EBIT
-253.63K-103.79K-35.27M-1.84M-6.42M-4.90M
EBITDA
4.33M10.12M-35.27M25.40M-4.13M-3.28M
Net Income Common Stockholders
3.85M9.64M-70.01M50.67M-7.37M-5.65M
Balance SheetCash, Cash Equivalents and Short-Term Investments
384.26K12.05M3.02M104.55K198.58K997.57K
Total Assets
1.08M12.07M3.04M39.11M19.30M18.37M
Total Debt
0.006.87M6.45M5.97M8.69M5.66M
Net Debt
-384.26K5.56M6.41M5.87M8.49M4.67M
Total Liabilities
496.60K6.90M7.67M8.22M13.68M7.40M
Stockholders Equity
586.85K5.17M-4.63M30.89M5.63M10.97M
Cash FlowFree Cash Flow
-2.39M-282.80K-250.95K-1.33M-5.78M-5.83M
Operating Cash Flow
-1.37M-282.80K-250.95K-785.01K-4.21M-5.59M
Investing Cash Flow
-1.20M1.62M0.001.08M1.59M2.12M
Financing Cash Flow
0.00-67.61K187.57K8.37K1.98M2.26M

Sixty Six Capital Inc Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.07
Price Trends
50DMA
0.05
Positive
100DMA
0.06
Positive
200DMA
0.06
Positive
Market Momentum
MACD
<0.01
Negative
RSI
71.34
Negative
STOCH
88.89
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SIX, the sentiment is Positive. The current price of 0.07 is above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.05, and above the 200-day MA of 0.06, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 71.34 is Negative, neither overbought nor oversold. The STOCH value of 88.89 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SIX.

Sixty Six Capital Inc Peers Comparison

Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
64
Neutral
$12.86B9.797.78%16985.65%12.28%-7.82%
TSSIX
58
Neutral
$10.19M15.227.73%-20.69%
TSGBC
C$1.87M
44
Neutral
C$8.47M-80.93%-66.56%4.86%
TSBTC
34
Underperform
C$10.11M-277.57%55.13%90.42%
$1.59M
$2.81M3.94%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:SIX
Sixty Six Capital Inc
0.07
0.04
133.33%
TSE:GBC
GreenBank Capital
0.02
0.00
0.00%
TSE:BTC
Bluesky Digital Assets
0.14
0.02
16.67%
TSE:CSTR
CryptoStar Corp
0.02
>-0.01
-33.33%
BIDCF
BlockchainK2
0.15
<0.01
7.14%
BKLIF
BlockMint Technologies
0.05
0.02
66.67%
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.