NexOptic Technology: Top 10 Undervalued Growth Stocks on TSX-V (NXO)

Globe Investor - AI-generated - The Globe and Mail - Fri Mar 22, 1:14PM CDT

NexOptic Technology is now ranked among the top 10 undervalued small cap growth stocks on the TSX Venture Exchange (TSX-V).

A stock is considered undervalued if it trades at a discount to its valuation – a calculation used to determine the intrinsic (true) worth of a company
Valuation methodology provided by Stockcalc (see below)
Small, micro and nano group market capitalization (<10B)

Stocks in this category that have grown their revenue significantly in their latest quarterly report. They are held primarily for capital appreciation but do present downside risk. Growth stocks are always of interest to investors as they present upside opportunity. Stocks that are both growing their quarterly revenue and showing as undervalued are of special interest as these two factors are important when looking for prospects.

Symbol	Name	Close Price ($)	Valuation ($)	Difference	Average Vol (30D)	Market Cap ($M)	P/E Ratio
CEBI	CE Brands	0.15	0.71	0.56 (376.0%)	1690	0.5	0.0
GBU	Gabriel Resources	0.02	0.09	0.07 (345.3%)	3433419	20.5	0.0
FUND	Katipult Technology	0.04	0.11	0.08 (219.1%)	16563	2.5	0.0
ISGI	InsuraGuest Technologies	0.02	0.06	0.04 (206.3%)	29060	1.2	0.0
ICM	Iconic Minerals	0.02	0.06	0.04 (189.5%)	39576	3.0	0.1
ELBM	Electra Battery Materials	0.65	1.84	1.19 (182.5%)	43901	30.3	0.0
KC	Kutcho Copper	0.11	0.31	0.20 (182.0%)	63566	18.7	0.0
KOVO	Kovo Healthtech	0.04	0.13	0.08 (180.2%)	16310	2.6	0.0
FRXI	FRX Innovations	0.04	0.10	0.06 (176.9%)	74082	3.5	2.6
GAME	GameSquare Holdings	1.98	5.37	3.39 (171.2%)	11477	25.6	0.0
ICRS	Icarus Cap	0.04	0.09	0.06 (171.0%)	2539	0.2	0.0
ULT	Ultra Lithium	0.01	0.04	0.03 (169.5%)	27242	2.5	0.0
NXO	NexOptic Technology	0.03	0.07	0.04 (167.7%)	73650	4.9	0.0
DKL	Decklar Resources	0.04	0.11	0.07 (165.1%)	76701	4.4	0.0
JHC	Jinhua Capital	0.01	0.04	0.02 (162.1%)	160028	0.2	0.0
SR	Strategic Resources	0.87	2.27	1.40 (160.7%)	4242	6.6	0.0
XYBN	Xybion Digital	0.45	1.15	0.70 (156.1%)	7935	0.7	0.9
ESS	Esstra Indus	0.05	0.13	0.08 (155.2%)		0.4	0.0
GYM	TUT Fitness Gr	0.01	0.03	0.02 (153.3%)	5523	0.3	0.0
DAC	Datable Technology	0.01	0.01	0.01 (148.3%)	171366	1.1	0.0
RMD	Richmond Minerals	0.04	0.10	0.06 (147.2%)	12357	0.5	0.0
THRM	Therma Bright	0.01	0.04	0.02 (146.3%)	166623	3.9	0.0
ZBNI	ZEB Nickel	0.05	0.12	0.07 (145.8%)	95	2.8	0.0
AAZ	Azincourt Energy	0.03	0.06	0.04 (145.2%)	202740	6.2	0.0
HILL	Hill	0.45	1.10	0.65 (144.5%)	323	1.5	0.0

All data provided as of March 22, 2024.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
Companies included above have not paid a dividend in the last 12-months.

NexOptic Technology

NexOptic Technology Corp engages in the investment and development of technologies relating to imagery and light concentration for lens and image capture-based systems. The company's technology includes Aliis; Doubletake and Mobile Lens.

NexOptic Technology is listed under NXO on the TSX Venture Exchange.

Stockcalc

StockCalc is a Canadian fintech company specializing in fundamental valuations for North American stocks and ETFs.

Stockcalc valuations (https://www.stockcalc.com/Resources) can help determine if a stock is undervalued. Stockcalc’s Weighted Average Valuation (WAV) is based on a proprietary calculation using model and analyst inputs, including:

Discounted Cash Flow (DCF)
Price & Other Comparables
Multiples
Adjusted Book Value (ABV)
Analyst Consensus

Artificial Intelligence at Report on Business

Report on Business scans market data using algorithms to process large quantities of information. The results are specialized reports produced through automation. Ongoing ROB project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities.