Ether ETF CAD Unhedged Units (ETHR:TSX) STA Research rates a Speculative Buy

STA Research assigns Ether ETF CAD Unhedged Units with a Speculative Buy rating, and a 12 month target forecast of $7.70 per share.

Based on the Ether ETF CAD Unhedged Units stock forecasts from 1 analysts, the average analyst target price for Ether ETF CAD Unhedged Units is $7.70 over the next 12 months. Ether ETF CAD Unhedged Units’s average analyst rating is Strong Sell. Stock Target Advisor’s own stock analysis of Ether ETF CAD Unhedged Units is Very Bearish, which is based on 0 positive signals and 3 negative signals. At the last closing, Ether ETF CAD Unhedged Units’s stock price was CAD 5.21. Ether ETF CAD Unhedged Units’s stock price has changed by +0.16% over the past week, -3.78% over the past month and -42.05% over the last year.

What we like:

There is no fundamental attribute that we can detect on the stock that would warrant a positive outlook. The stock is a pure speculative play!

What we don’t like:

Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.