Credent Global Finance Downgraded to 'Sell' by MarketsMOJO Due to Negative Financial Results

Credent Global Finance, a microcap finance company, has recently been downgraded to a 'Sell' by MarketsMOJO on October 15, 2024. This decision was based on the company's negative financial results in June 2024. The company's net sales for the half year have decreased by 48.17%, while its PBT and PAT have also seen significant declines of -16115.4% and -2971.6%, respectively.
One of the main reasons for the downgrade is the company's negative EBITDA, which makes the stock a risky investment. In addition, the stock is currently trading at a higher risk compared to its average historical valuations. Over the past year, while the stock has generated a return of -5.90%, its profits have fallen by 80%.

Furthermore, Credent Global Finance has underperformed the market in the last year, with negative returns of -5.90% compared to the market's 35.67% returns. This indicates that the stock has not been able to keep up with the market's performance.

However, there are some positive factors to consider. The company has a strong long-term fundamental strength, with an average ROE of 15.15%. Its net sales have also shown healthy growth at an annual rate of 169.70%, while its operating profit has grown at 57.26%.

From a technical standpoint, the stock is currently in a mildly bullish range, with multiple factors such as MACD, KST, and OBV indicating a bullish trend. It is also worth noting that the majority of the company's shareholders are non-institutional investors.

In conclusion, while Credent Global Finance may have some positive aspects, the recent downgrade by MarketsMOJO and the company's negative financial results suggest that it may not be a wise investment at this time. Investors should carefully consider all factors before making any decisions regarding this microcap finance company.