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CLRG IQ Chaikin U.S. Large Cap ETF Stock Forecast, Price & Rating (NASDAQ:CLRG)

CLRG IQ Chaikin U.S. Large Cap ETF assigned short-term Ba3 & long-term Ba3 forecasted credit rating.Likewise, we do not consider factoring programs under sources of liquidity. Unlike asset-based lending (ABL) facilities, factoring is more of a sales transaction and not a loan. In addition, these transactions tend to be very short term. For this reason, we would not consider them a committed source of future liquidity over a 12-month period. Stock Forecast Rationale: We do not include asset sales as a source of liquidity unless they are contracted and proceeds will be received in the time period being measured under the liquidity descriptor (even when the disposed assets are reported under discontinued operations in a company's financial statements). We estimate CLRG IQ Chaikin U.S. Large Cap ETF stock forecast parameters by: Envelope (ENV) with Paired T-Test because of the firm's business is modestly more concentrated than average for peers, and the concentration represen

TRCH Torchlight Energy Resources Stock Forecast, Price & Rating (NASDAQ:TRCH)

TRCH Torchlight Energy Resources assigned short-term B3 & long-term B2 forecasted credit rating.Other factors we consider include a company's frequency of debt issuance and market access, especially during times of company-specific stress or credit market turbulence. Stock Forecast Rationale: To assess forecasted working capital outflows for companies with material intra-year working capital requirements (for example, companies in seasonal businesses), we use forecasted peak working capital outflows, per paragraph 32 of the liquidity criteria. For seasonal businesses, in many cases the annual projection might indicate a working capital inflow or neutral working capital, even though there could be material intra-quarter or inter-quarter outflows throughout the year. We estimate TRCH Torchlight Energy Resources stock forecast parameters by: E. Oscillators with Paired T-Test because of business mix, revenue stability, market position, and customer base (confidence sensitivity of

AU AngloGold Ashanti Limited Stock Forecast, Price & Rating (NYSE:AU)

AU AngloGold Ashanti Limited assigned short-term B3 & long-term B1 forecasted credit rating.Given the earnings volatility companies experience, we have specified for these issuers a more stringent decline in EBITDA percentage for each liquidity category to the extent our cash flow forecasts are not already assuming a downside scenario. Stock Forecast Rationale: For new issuers, while our ratings are prospective, we will not include proposed financing as a source in our liquidity calculations until the financing has been obtained or is fully underwritten. Similarly, we would not include rights issues as a source of liquidity for a company, unless the rights issue is irrevocably guaranteed (for example, an underwriter agrees to buy any securities not taken up by existing holders). We estimate AU AngloGold Ashanti Limited stock forecast parameters by: Envelope (ENV) with Linear Regression because of vulnerability of the two metrics to changes in operating conditions NYSE:AU Stock Fo

SEEL Seelos Therapeutics Stock Forecast, Price & Rating (NASDAQ:SEEL)

SEEL Seelos Therapeutics assigned short-term Caa2 & long-term B2 forecasted credit rating.Investments should be able to be quickly liquidated without requiring deep discounts to their carrying value. This does not preclude long-term investments from being included. It does, however, exclude large stakes in non-liquid equity investments. Stock Forecast Rationale: Additionally, we exclude revolver borrowing availability that we believe would be inaccessible due to covenant constraints. For revolving credit facilities with extension options, we include the extension period(s) under sources of liquidity only if the option is at the discretion of the borrower. If lenders have the option to terminate commitments at each extension point, we only include the borrowing availability under the facility up to the first extension date. We estimate SEEL Seelos Therapeutics stock forecast parameters by: Heikin-Ashi with Multiple Regression because of management is often unable to convert strate

MRO-TEK MRO-TEK Realty Limited Stock Forecast, Price & Rating (NSE:MRO-TEK)

MRO-TEK MRO-TEK Realty Limited assigned short-term B2 & long-term B1 forecasted credit rating.For exceptional and strong liquidity assessments, we characterize standing in the credit markets as generally high, and for adequate liquidity, we view standing in the credit markets as satisfactory. We distinguish between these descriptors based on analytical judgment and mainly consider the diversity of funding sources available to an entity. Stock Forecast Rationale: In addition, a speculative-grade company's access to the credit markets during times of stress, such as the financial crisis, is often a function of the capital market's appetite for risk. Accordingly, it would be rare that we would characterize a speculative-grade company as having a generally high standing in the credit markets, and even low-investment-grade companies may not have access to a diversity of funding sources required for this assessment. We estimate MRO-TEK MRO-TEK Realty Limited stock forecast para

ZEUS Olympic Steel Stock Forecast, Price & Rating (NASDAQ:ZEUS)

ZEUS Olympic Steel assigned short-term B3 & long-term B2 forecasted credit rating.In determining how prudent a company's risk management is, we look for evidence that management has historically anticipated potential company-specific or market-related setbacks and has taken necessary actions to ensure sufficient liquidity. Stock Forecast Rationale: We do not include asset sales as a source of liquidity unless they are contracted and proceeds will be received in the time period being measured under the liquidity descriptor (even when the disposed assets are reported under discontinued operations in a company's financial statements). We estimate ZEUS Olympic Steel stock forecast parameters by: Volume + Moving Average with Lasso Regression because risk weight to investments in mutual funds and other collective investment undertakings if the underlying exposures are not disclosed NASDAQ:ZEUS Stock Forecast (Buy or Sell) as of 25 Jun 2022 for (n+3 month) Stock: ZEUS Olympic St

PFSI PennyMac Financial Services Stock Forecast, Price & Rating (NYSE:PFSI)

PFSI PennyMac Financial Services assigned short-term B1 & long-term B2 forecasted credit rating.If a company has a credit put that causes debt acceleration or collateral posting due to a downgrade of three notches or less, we would include these requirements under uses of liquidity, per paragraph 30 of the liquidity criteria. For example, if a 'BBB' rated company had a credit put that was triggered with a downgrade to speculative grade, we would include the corresponding cash requirement under uses of liquidity. This is because the criteria evaluate a company's liquidity position during times of stress, when potential downgrades are more likely. Stock Forecast Rationale: If a company has a credit put that causes debt acceleration or collateral posting due to a downgrade of three notches or less, we would include these requirements under uses of liquidity, per paragraph 30 of the liquidity criteria. For example, if a 'BBB' rated company had a credit put that wa

SHREDIGCEM Shree Digvijay Cement Co.Ltd Stock Forecast, Price & Rating (NSE:SHREDIGCEM)

SHREDIGCEM Shree Digvijay Cement Co.Ltd assigned short-term Ba3 & long-term B2 forecasted credit rating.For new issuers, while our ratings are prospective, we will not include proposed financing as a source in our liquidity calculations until the financing has been obtained or is fully underwritten. Similarly, we would not include rights issues as a source of liquidity for a company, unless the rights issue is irrevocably guaranteed (for example, an underwriter agrees to buy any securities not taken up by existing holders). Stock Forecast Rationale: Given the earnings volatility companies experience, we have specified for these issuers a more stringent decline in EBITDA percentage for each liquidity category to the extent our cash flow forecasts are not already assuming a downside scenario. We estimate SHREDIGCEM Shree Digvijay Cement Co.Ltd stock forecast parameters by: Williams %R with Spearman Correlation because of derivatives receivables represent more than 5% of total asset

MRVL Marvell Technology Group Ltd. Stock Forecast, Price & Rating (NASDAQ:MRVL)

MRVL Marvell Technology Group Ltd. assigned short-term Caa2 & long-term B2 forecasted credit rating.We believe that when a company is viewed as being on the cusp between two liquidity descriptors and has higher-than-average cash plus inventory/unadjusted debt compared with similarly constituted peers, that helps support the better liquidity assessment. However, in the case of a nonresidential developer, given that its inventory is typically less liquid (and the greater potential for inventory to suffer value erosion in a downturn), we do not consider this measure as pertinent. Stock Forecast Rationale: Additionally, we exclude revolver borrowing availability that we believe would be inaccessible due to covenant constraints. For revolving credit facilities with extension options, we include the extension period(s) under sources of liquidity only if the option is at the discretion of the borrower. If lenders have the option to terminate commitments at each extension point, we only