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ACT Energy Technologies: Top 10 Undervalued Growth Stocks on TSX (ACX)

AI-generated - The Globe and Mail - Thu Aug 22, 10:18PM CDT

ACT Energy Technologies is now ranked among the top 10 undervalued small cap growth stocks on the Toronto Stock Exchange (TSX).

  • 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.

SymbolNameClose Price ($)Valuation ($)DifferenceAverage Vol (30D)Market Cap ($M)Yield (%)P/E Ratio
FAFFire & Flower Holdings0.290.420.13 (43.7%)13.20.00.0
PMNProMIS Neurosciences6.246.470.23 (3.7%)1052553.50.00.0
AABAberdeen International--- (0.0%)0.00.00.0
AAUCAllied Gold--- (0.0%)0.00.00.0
AAVAdvantage Energy--- (0.0%)0.00.020.1
ACAir Canada--- (0.0%)0.00.03.4
ACBAurora Cannabis--- (0.0%)0.00.00.0
ACQAutoCanada--- (0.0%)0.00.00.0
ACXACT Energy Technologies--- (0.0%)0.00.09.8
ADCOAdcore--- (0.0%)0.00.00.0
AEGAegis Brands--- (0.0%)0.00.00.0
AGRI-UAgrinam Acq--- (0.0%)0.00.00.0
AIDXHealwell AI--- (0.0%)0.00.00.0
AIIAlmonty Indus--- (0.0%)0.00.00.0
AIMAimia--- (0.0%)0.00.00.0
AKT-AAkita Drilling--- (0.0%)0.00.012.6
AKT-BAkita Drilling--- (0.0%)0.00.018.6
AKUAkumin--- (0.0%)0.00.00.0
ALYAAlithya Group--- (0.0%)0.00.00.0
AMCArizona Metals--- (0.0%)0.00.00.0
AMMAlmaden Minerals--- (0.0%)0.00.00.0
ANRGAnaergia--- (0.0%)0.00.00.0
AOTAscot Resources--- (0.0%)0.00.00.0
APLIAppili Therapeutics--- (0.0%)0.00.00.0
APSAptose Biosciences--- (0.0%)0.00.00.0

All data provided as of August 23, 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.

ACT Energy Technologies

ACT Energy Technologies Ltd is a Canadian-based company that is involved and engaged in the business of providing directional drilling services to oil and natural gas companies in western Canada and the United States.

ACT Energy Technologies is listed under ACX on the Toronto Stock 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.