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Develop Global Ltd
Buy, Hold or Sell?

Let's analyze Develop together

I guess you are interested in Develop Global Ltd. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Develop Global Ltd. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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1. Quick Overview

1.1. Quick analysis of Develop (30 sec.)










1.2. What can you expect buying and holding a share of Develop? (30 sec.)

How much money do you get?

How much money do you get?
A$0.00
When do you have the money?
1 year
How often do you get paid?
50.0%

What is your share worth?

Current worth
A$1.29
Expected worth in 1 year
A$4.23
How sure are you?
70.0%

+ What do you gain per year?

Total Gains per Share
A$2.94
Return On Investment
105.1%

For what price can you sell your share?

Current Price per Share
A$2.80
Expected price per share
A$2.67 - A$3.02
How sure are you?
50%
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2. Detailed Analysis

2.1. Valuation of Develop (5 min.)




Live pricePrice per Share (EOD)
A$2.80
Intrinsic Value Per Share
A$-1.34 - A$-0.60
Total Value Per Share
A$-0.06 - A$0.69

2.2. Growth of Develop (5 min.)




Is Develop growing?

Current yearPrevious yearGrowGrow %
How rich?$219.6m$94m$125.6m57.2%

How much money is Develop making?

Current yearPrevious yearGrowGrow %
Making money-$7.6m-$11.2m$3.6m47.5%
Net Profit Margin-8.2%-26.4%--

How much money comes from the company's main activities?

2.3. Financial Health of Develop (5 min.)




2.4. Comparing to competitors in the Other Industrial Metals & Mining industry (5 min.)




  Industry Rankings (Other Industrial Metals & Mining)  


Richest
#120 / 839

Most Revenue
#113 / 839

Most Profit
#742 / 839

Most Efficient
#650 / 839
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3. Summary and Key Metrics

3.1. What can you expect buying and holding a share of Develop?

Welcome investor! Develop's management wants to use your money to grow the business. In return you get a share of Develop.

First you should know what it really means to hold a share of Develop. And how you can make/lose money.

Speculation

The Price per Share of Develop is A$2.8. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Develop.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Develop, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is A$1.29. Based on the TTM, the Book Value Change Per Share is A$0.74 per quarter. Based on the YOY, the Book Value Change Per Share is A$0.02 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is A$0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Develop.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 A$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per Share
Usd Eps-0.03-1.0%-0.03-1.0%-0.04-1.5%-0.06-2.2%-0.04-1.5%
Usd Book Value Change Per Share0.4616.5%0.4616.5%0.010.4%0.155.3%0.072.4%
Usd Dividend Per Share0.000.0%0.000.0%0.020.6%0.000.2%0.000.1%
Usd Total Gains Per Share0.4616.5%0.4616.5%0.031.0%0.155.5%0.072.5%
Usd Price Per Share1.36-1.36-2.18-1.06-0.54-
Price to Earnings Ratio-48.59--48.59--52.54--33.14--18.76-
Price-to-Total Gains Ratio2.95-2.95-76.99-3.71-2.59-
Price to Book Ratio1.69-1.69-6.28-3.63-2.07-
Price-to-Total Gains Ratio2.95-2.95-76.99-3.71-2.59-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share1.76036
Number of shares568
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.460.15
Usd Total Gains Per Share0.460.15
Gains per Quarter (568 shares)262.6587.66
Gains per Year (568 shares)1,050.59350.65
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
101051104111340341
202101209221680692
30315231433210201043
40420241944213611394
50525352455317011745
60630462966320412096
70735473477423812447
80840583988427212798
90945594499530613149
100105061050010534013500

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share0.01.00.00.0%0.03.00.00.0%0.05.00.00.0%0.010.00.00.0%1.016.00.05.9%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%4.01.00.080.0%7.03.00.070.0%12.05.00.070.6%
Dividend per Share0.00.01.00.0%2.00.01.066.7%3.00.02.060.0%5.00.05.050.0%8.00.09.047.1%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%4.01.00.080.0%7.03.00.070.0%12.05.00.070.6%
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3.2. Key Performance Indicators

The key performance indicators of Develop Global Ltd compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.7350.7350%0.019+3812%0.238+209%0.107+586%
Book Value Per Share--1.2861.2860%0.551+133%0.518+148%0.292+341%
Current Ratio--1.2141.2140%0.943+29%1.962-38%2.068-41%
Debt To Asset Ratio--0.2580.2580%0.391-34%0.351-26%0.392-34%
Debt To Equity Ratio--0.3490.3490%0.642-46%0.554-37%0.665-48%
Dividend Per Share----0%0.026-100%0.007-100%0.004-100%
Enterprise Value--509141406.360509141406.3600%865459236.680-41%420134761.707+21%210470930.231+142%
Eps---0.045-0.0450%-0.066+47%-0.098+119%-0.068+53%
Ev To Ebitda Ratio--36.03336.0330%-648.473+1900%-134.944+475%-68.715+291%
Ev To Sales Ratio--3.4583.4580%12.770-73%3751.564-100%1761.549-100%
Free Cash Flow Per Share---0.084-0.0840%-0.102+22%-0.052-38%-0.034-60%
Free Cash Flow To Equity Per Share--0.0670.0670%-0.084+226%0.042+60%0.021+219%
Gross Profit Margin--1.2021.2020%0.889+35%1.018+18%1.037+16%
Intrinsic Value_10Y_max---0.600--------
Intrinsic Value_10Y_min---1.342--------
Intrinsic Value_1Y_max---0.039--------
Intrinsic Value_1Y_min---0.089--------
Intrinsic Value_3Y_max---0.134--------
Intrinsic Value_3Y_min---0.309--------
Intrinsic Value_5Y_max---0.248--------
Intrinsic Value_5Y_min---0.572--------
Market Cap760555622.400+23%589430607.360589430607.3600%939829447.680-37%458615040.307+29%235337639.731+150%
Net Profit Margin---0.082-0.0820%-0.264+220%-1695.335+2057536%-861.746+1045806%
Operating Margin---0.055-0.0550%-0.167+203%-1692.402+3071502%-861.089+1562722%
Operating Ratio--1.0001.0000%1.208-17%1712.220-100%868.296-100%
Pb Ratio2.176+23%1.6871.6870%6.280-73%3.635-54%2.065-18%
Pe Ratio-62.697-29%-48.590-48.5900%-52.537+8%-33.136-32%-18.763-61%
Price Per Share2.800+23%2.1702.1700%3.460-37%1.688+29%0.866+150%
Price To Free Cash Flow Ratio-33.433-29%-25.911-25.9110%-33.850+31%-32.768+26%-17.609-32%
Price To Total Gains Ratio3.807+23%2.9502.9500%76.986-96%3.713-21%2.587+14%
Quick Ratio--1.0501.0500%0.740+42%1.784-41%1.927-46%
Return On Assets---0.026-0.0260%-0.073+183%-0.361+1302%-0.370+1337%
Return On Equity---0.035-0.0350%-0.120+244%-0.581+1574%-0.632+1718%
Total Gains Per Share--0.7350.7350%0.045+1537%0.245+200%0.112+559%
Usd Book Value--219694448.197219694448.1970%94091825.434+133%88412265.566+148%49847163.588+341%
Usd Book Value Change Per Share--0.4620.4620%0.012+3812%0.150+209%0.067+586%
Usd Book Value Per Share--0.8090.8090%0.346+133%0.325+148%0.184+341%
Usd Dividend Per Share----0%0.016-100%0.005-100%0.003-100%
Usd Enterprise Value--320097202.179320097202.1790%544114222.101-41%264138724.685+21%132323073.836+142%
Usd Eps---0.028-0.0280%-0.041+47%-0.062+119%-0.043+53%
Usd Free Cash Flow---14301890.160-14301890.1600%-17455485.196+22%-8916539.762-38%-5755832.934-60%
Usd Free Cash Flow Per Share---0.053-0.0530%-0.064+22%-0.033-38%-0.021-60%
Usd Free Cash Flow To Equity Per Share--0.0420.0420%-0.053+226%0.026+60%0.013+219%
Usd Market Cap478161319.803+23%370575022.847370575022.8470%590870773.756-37%288331275.841+29%147956774.099+150%
Usd Price Per Share1.760+23%1.3641.3640%2.175-37%1.061+29%0.545+150%
Usd Profit---7626520.165-7626520.1650%-11246758.346+47%-16726421.162+119%-11639809.326+53%
Usd Revenue--92563468.93692563468.9360%42610224.231+117%27605582.767+235%13884113.289+567%
Usd Total Gains Per Share--0.4620.4620%0.028+1537%0.154+200%0.070+559%
 EOD+6 -2MRQTTM+0 -0YOY+29 -115Y+29 -1110Y+31 -9

3.3 Fundamental Score

Let's check the fundamental score of Develop Global Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-62.697
Price to Book Ratio (EOD)Between0-12.176
Net Profit Margin (MRQ)Greater than0-0.082
Operating Margin (MRQ)Greater than0-0.055
Quick Ratio (MRQ)Greater than11.050
Current Ratio (MRQ)Greater than11.214
Debt to Asset Ratio (MRQ)Less than10.258
Debt to Equity Ratio (MRQ)Less than10.349
Return on Equity (MRQ)Greater than0.15-0.035
Return on Assets (MRQ)Greater than0.05-0.026
Total4/10 (40.0%)

3.4 Technical Score

Let's check the technical score of Develop Global Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5053.959
Ma 20Greater thanMa 502.833
Ma 50Greater thanMa 1002.594
Ma 100Greater thanMa 2002.415
OpenGreater thanClose2.760
Total4/5 (80.0%)

4. In-depth Analysis

4.1 About Develop Global Ltd

Develop Global Limited, together with its subsidiaries, engages in the exploration and development of mineral resource properties in Australia. The company primarily explores for copper, zinc, lead, silver, and gold deposits. It also provides underground mining services. In addition, the company holds interest in the Sulphur Springs project that includes Sulphur Springs and Kangaroo Caves deposits and tenements, as well as the Whim Creek Joint Venture project, located to the south west of Port Hedland; and the Woodlawn zinc-copper project is located at Lachlan Fold belt in New South Wales. Develop Global Limited was formerly known as Venturex Resources Limited and changed its name to Develop Global Limited in October 2021. The company was incorporated in 2006 and is based in West Leederville, Australia.

Fundamental data was last updated by Penke on 2025-03-08 01:30:04.

4.2 In-depth Summary

4.2.1. Financial Health Summary

Profitability Details
 Compared to previous yearCompared to industry
The company is making a loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very inefficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

4.2.2. Valuation Summary

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.
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4.3 Financial Health

4.3.1. Profitability

4.3.1 Profitability
4.3.1.1. Net Profit Margin

Measures how much net profit Develop earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Develop to the Other Industrial Metals & Mining industry mean.
  • A Net Profit Margin of -8.2% means that $-0.08 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Develop Global Ltd:

  • The MRQ is -8.2%. The company is making a loss. -1
  • The TTM is -8.2%. The company is making a loss. -1
Trends
Current periodCompared to+/- 
MRQ-8.2%TTM-8.2%0.0%
TTM-8.2%YOY-26.4%+18.2%
TTM-8.2%5Y-169,533.5%+169,525.2%
5Y-169,533.5%10Y-86,174.6%-83,358.9%
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ-8.2%-11.3%+3.1%
TTM-8.2%-10.3%+2.1%
YOY-26.4%-84.9%+58.5%
5Y-169,533.5%-201.6%-169,331.9%
10Y-86,174.6%-710.2%-85,464.4%
4.3.1.2. Return on Assets

Shows how efficient Develop is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Develop to the Other Industrial Metals & Mining industry mean.
  • -2.6% Return on Assets means that Develop generated $-0.03 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Develop Global Ltd:

  • The MRQ is -2.6%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -2.6%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-2.6%TTM-2.6%0.0%
TTM-2.6%YOY-7.3%+4.7%
TTM-2.6%5Y-36.1%+33.5%
5Y-36.1%10Y-37.0%+0.9%
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ-2.6%-6.6%+4.0%
TTM-2.6%-7.0%+4.4%
YOY-7.3%-6.9%-0.4%
5Y-36.1%-9.0%-27.1%
10Y-37.0%-15.4%-21.6%
4.3.1.3. Return on Equity

Shows how efficient Develop is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Develop to the Other Industrial Metals & Mining industry mean.
  • -3.5% Return on Equity means Develop generated $-0.03 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Develop Global Ltd:

  • The MRQ is -3.5%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -3.5%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-3.5%TTM-3.5%0.0%
TTM-3.5%YOY-12.0%+8.5%
TTM-3.5%5Y-58.1%+54.7%
5Y-58.1%10Y-63.2%+5.0%
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ-3.5%-7.4%+3.9%
TTM-3.5%-8.1%+4.6%
YOY-12.0%-7.6%-4.4%
5Y-58.1%-9.7%-48.4%
10Y-63.2%-15.3%-47.9%
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4.3.2. Operating Efficiency of Develop Global Ltd.

4.3.2. Operating Efficiency
4.3.2.1. Operating Margin

Measures how efficient Develop is operating .

  • Measures how much profit Develop makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Develop to the Other Industrial Metals & Mining industry mean.
  • An Operating Margin of -5.5% means the company generated $-0.06  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Develop Global Ltd:

  • The MRQ is -5.5%. The company is operating very inefficient. -2
  • The TTM is -5.5%. The company is operating very inefficient. -2
Trends
Current periodCompared to+/- 
MRQ-5.5%TTM-5.5%0.0%
TTM-5.5%YOY-16.7%+11.2%
TTM-5.5%5Y-169,240.2%+169,234.7%
5Y-169,240.2%10Y-86,108.9%-83,131.3%
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ-5.5%-149.8%+144.3%
TTM-5.5%-61.5%+56.0%
YOY-16.7%-84.3%+67.6%
5Y-169,240.2%-310.1%-168,930.1%
10Y-86,108.9%-713.9%-85,395.0%
4.3.2.2. Operating Ratio

Measures how efficient Develop is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Other Industrial Metals & Mining industry mean).
  • An Operation Ratio of 1.00 means that the operating costs are $1.00 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Develop Global Ltd:

  • The MRQ is 1.000. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.000. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.000TTM1.0000.000
TTM1.000YOY1.208-0.208
TTM1.0005Y1,712.220-1,711.220
5Y1,712.22010Y868.296+843.924
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ1.0001.755-0.755
TTM1.0001.693-0.693
YOY1.2082.073-0.865
5Y1,712.2204.661+1,707.559
10Y868.2969.040+859.256
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4.4.3. Liquidity of Develop Global Ltd.

4.4.3. Liquidity
4.4.3.1. Current Ratio

Measures if Develop is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Other Industrial Metals & Mining industry mean).
  • A Current Ratio of 1.21 means the company has $1.21 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Develop Global Ltd:

  • The MRQ is 1.214. The company is just able to pay all its short-term debts.
  • The TTM is 1.214. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.214TTM1.2140.000
TTM1.214YOY0.943+0.270
TTM1.2145Y1.962-0.748
5Y1.96210Y2.068-0.106
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ1.2141.827-0.613
TTM1.2141.960-0.746
YOY0.9432.630-1.687
5Y1.9623.899-1.937
10Y2.0684.516-2.448
4.4.3.2. Quick Ratio

Measures if Develop is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Develop to the Other Industrial Metals & Mining industry mean.
  • A Quick Ratio of 1.05 means the company can pay off $1.05 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Develop Global Ltd:

  • The MRQ is 1.050. The company is just able to pay all its short-term debts with the most liquid assets.
  • The TTM is 1.050. The company is just able to pay all its short-term debts with the most liquid assets.
Trends
Current periodCompared to+/- 
MRQ1.050TTM1.0500.000
TTM1.050YOY0.740+0.310
TTM1.0505Y1.784-0.734
5Y1.78410Y1.927-0.143
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ1.0500.771+0.279
TTM1.0500.994+0.056
YOY0.7401.709-0.969
5Y1.7842.381-0.597
10Y1.9273.260-1.333
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4.5.4. Solvency of Develop Global Ltd.

4.5.4. Solvency
4.5.4.1. Debt to Asset Ratio

Measures how much % of Develop assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Develop to Other Industrial Metals & Mining industry mean.
  • A Debt to Asset Ratio of 0.26 means that Develop assets are financed with 25.8% credit (debt) and the remaining percentage (100% - 25.8%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Develop Global Ltd:

  • The MRQ is 0.258. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.258. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.258TTM0.2580.000
TTM0.258YOY0.391-0.133
TTM0.2585Y0.351-0.092
5Y0.35110Y0.392-0.042
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2580.205+0.053
TTM0.2580.206+0.052
YOY0.3910.186+0.205
5Y0.3510.229+0.122
10Y0.3920.259+0.133
4.5.4.2. Debt to Equity Ratio

Measures if Develop is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Develop to the Other Industrial Metals & Mining industry mean.
  • A Debt to Equity ratio of 34.9% means that company has $0.35 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Develop Global Ltd:

  • The MRQ is 0.349. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.349. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.349TTM0.3490.000
TTM0.349YOY0.642-0.294
TTM0.3495Y0.554-0.206
5Y0.55410Y0.665-0.111
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3490.195+0.154
TTM0.3490.199+0.150
YOY0.6420.206+0.436
5Y0.5540.231+0.323
10Y0.6650.294+0.371
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4.6. Market Valuation

4.6.1. Earnings Per Share
4.6.2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Develop generates.

  • Above 15 is considered overpriced but always compare Develop to the Other Industrial Metals & Mining industry mean.
  • A PE ratio of -48.59 means the investor is paying $-48.59 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Develop Global Ltd:

  • The EOD is -62.697. Based on the earnings, the company is expensive. -2
  • The MRQ is -48.590. Based on the earnings, the company is expensive. -2
  • The TTM is -48.590. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-62.697MRQ-48.590-14.107
MRQ-48.590TTM-48.5900.000
TTM-48.590YOY-52.537+3.947
TTM-48.5905Y-33.136-15.454
5Y-33.13610Y-18.763-14.373
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
EOD-62.697-3.274-59.423
MRQ-48.590-4.401-44.189
TTM-48.590-4.641-43.949
YOY-52.537-7.189-45.348
5Y-33.136-10.600-22.536
10Y-18.763-11.683-7.080
4.6.2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Develop Global Ltd:

  • The EOD is -33.433. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -25.911. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -25.911. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-33.433MRQ-25.911-7.523
MRQ-25.911TTM-25.9110.000
TTM-25.911YOY-33.850+7.939
TTM-25.9115Y-32.768+6.857
5Y-32.76810Y-17.609-15.159
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
EOD-33.433-4.201-29.232
MRQ-25.911-5.300-20.611
TTM-25.911-5.619-20.292
YOY-33.850-7.707-26.143
5Y-32.768-11.992-20.776
10Y-17.609-14.353-3.256
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4.6.2. Book Value per Share
4.6.2.1. Price to Book Ratio

Measures if the stock price of Develop is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Other Industrial Metals & Mining industry mean).
  • A PB ratio of 1.69 means the investor is paying $1.69 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Develop Global Ltd:

  • The EOD is 2.176. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.687. Based on the equity, the company is underpriced. +1
  • The TTM is 1.687. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD2.176MRQ1.687+0.490
MRQ1.687TTM1.6870.000
TTM1.687YOY6.280-4.593
TTM1.6875Y3.635-1.948
5Y3.63510Y2.065+1.569
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
EOD2.1761.138+1.038
MRQ1.6871.283+0.404
TTM1.6871.329+0.358
YOY6.2801.836+4.444
5Y3.6352.544+1.091
10Y2.0653.025-0.960
4.6.2. Total Gains per Share
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6. Financial Statements




6.1. Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2020-06-302021-06-302022-06-302023-06-302024-06-30
Other Stockholders Equity  22879,88080,10948,107128,216-3,207125,009-125,0090
EBITDA  -2,519-86,856-89,37580,742-8,6337,298-1,33515,46514,130



6.2. Latest Balance Sheet

Balance Sheet of 2024-06-30. Currency in AUD. All numbers in thousands.

Summary
Total Assets471,231
Total Liabilities121,789
Total Stockholder Equity349,271
 As reported
Total Liabilities 121,789
Total Stockholder Equity+ 349,271
Total Assets = 471,231

Assets

Total Assets471,231
Total Current Assets73,675
Long-term Assets397,556
Total Current Assets
Cash And Cash Equivalents 41,499
Net Receivables 22,261
Inventory 7,631
Other Current Assets 2,284
Total Current Assets  (as reported)73,675
Total Current Assets  (calculated)73,675
+/-0
Long-term Assets
Property Plant Equipment 390,549
Long-term Assets Other 7,007
Long-term Assets  (as reported)397,556
Long-term Assets  (calculated)397,556
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities60,713
Long-term Liabilities61,076
Total Stockholder Equity349,271
Total Current Liabilities
Short-term Debt 22,160
Short Long Term Debt 7,653
Accounts payable 16,663
Other Current Liabilities 21,890
Total Current Liabilities  (as reported)60,713
Total Current Liabilities  (calculated)68,365
+/- 7,653
Long-term Liabilities
Long term Debt 9,421
Capital Lease Obligations 23,738
Long-term Liabilities Other 25,488
Long-term Liabilities  (as reported)61,076
Long-term Liabilities  (calculated)58,647
+/- 2,429
Total Stockholder Equity
Common Stock429,035
Retained Earnings -215,807
Accumulated Other Comprehensive Income 136,043
Other Stockholders Equity 0
Total Stockholder Equity (as reported)349,271
Total Stockholder Equity (calculated)349,271
+/-0
Other
Capital Stock429,035
Cash and Short Term Investments 41,499
Common Stock Shares Outstanding 226,089
Current Deferred Revenue17,879
Liabilities and Stockholders Equity 471,231
Net Debt -688
Net Invested Capital 366,344
Net Working Capital 12,962
Property Plant and Equipment Gross 421,709
Short Long Term Debt Total 40,812



6.3. Balance Sheets Structured

Currency in AUD. All numbers in thousands.

 Trend2024-06-302023-06-302022-06-302021-06-302020-06-302019-06-302018-06-302017-06-302016-06-302015-06-302014-06-302013-06-302012-06-302011-06-302010-06-302009-06-302008-06-30
> Total Assets 
3,011
3,465
31,715
74,857
76,562
76,210
72,829
26,695
25,375
28,461
34,680
41,060
41,867
57,317
204,884
245,800
471,231
471,231245,800204,88457,31741,86741,06034,68028,46125,37526,69572,82976,21076,56274,85731,7153,4653,011
   > Total Current Assets 
1,087
953
6,886
12,728
8,359
6,138
3,167
1,482
876
1,169
3,092
5,400
3,236
17,390
51,554
36,864
73,675
73,67536,86451,55417,3903,2365,4003,0921,1698761,4823,1676,1388,35912,7286,8869531,087
       Cash And Cash Equivalents 
893
508
6,305
10,599
6,532
3,266
1,159
1,059
728
961
2,622
4,910
2,256
16,831
43,207
21,769
41,499
41,49921,76943,20716,8312,2564,9102,6229617281,0591,1593,2666,53210,5996,305508893
       Short-term Investments 
0
0
0
0
0
0
0
0
15
20
39
39
39
39
59
0
0
005939393939201500000000
       Net Receivables 
112
342
436
1,972
25
38
988
281
83
135
344
311
753
275
2,979
7,171
22,261
22,2617,1712,9792757533113441358328198838251,972436342112
       Other Current Assets 
82
104
78
85
1,772
2,806
993
141
65
73
126
153
203
280
1,345
1,878
2,284
2,2841,8781,34528020315312673651419932,8061,772857810482
   > Long-term Assets 
1,924
2,512
24,829
62,129
68,203
70,072
69,662
25,214
24,498
27,293
31,588
35,660
38,631
39,927
153,331
208,936
397,556
397,556208,936153,33139,92738,63135,66031,58827,29324,49825,21469,66270,07268,20362,12924,8292,5121,924
       Property Plant Equipment 
1,924
2,512
24,829
62,129
68,203
70,072
69,662
25,214
24,498
27,293
31,588
35,660
38,631
28,070
139,211
70,720
390,549
390,54970,720139,21128,07038,63135,66031,58827,29324,49825,21469,66270,07268,20362,12924,8292,5121,924
       Goodwill 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,524
2,524
0
02,5242,52400000000000000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,583
0
0
003,58300000000000000
       Intangible Assets 
0
0
0
0
0
67,615
0
0
0
0
0
0
0
0
2,524
2,524
0
02,5242,5240000000067,61500000
       Other Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
11,857
3,583
3,577
0
03,5773,58311,8570000000000000
> Total Liabilities 
300
202
8,298
21,356
8,472
14,876
14,550
11,846
12,480
13,029
14,180
15,011
17,987
21,720
60,330
96,139
121,789
121,78996,13960,33021,72017,98715,01114,18013,02912,48011,84614,55014,8768,47221,3568,298202300
   > Total Current Liabilities 
299
202
1,281
2,634
4,477
1,011
968
665
636
712
1,391
1,591
3,658
6,870
12,169
39,087
60,713
60,71339,08712,1696,8703,6581,5911,3917126366659681,0114,4772,6341,281202299
       Short-term Debt 
0
0
0
0
0
44
24
31
31
35
50
55
2,128
104
1,635
12,667
22,160
22,16012,6671,6351042,1285550353131244400000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
2,088
0
0
0
7,653
7,6530002,088000000000000
       Accounts payable 
173
137
343
392
387
110
276
207
509
576
706
1,265
781
508
5,778
9,862
16,663
16,6639,8625,7785087811,265706576509207276110387392343137173
       Other Current Liabilities 
125
66
938
2,242
4,090
901
692
458
127
136
635
325
749
6,258
4,756
16,558
21,890
21,89016,5584,7566,2587493256351361274586929014,0902,24293866125
   > Long-term Liabilities 
1
0
7,018
18,722
3,995
13,865
13,582
11,181
11,844
12,317
12,788
13,421
14,329
14,850
48,162
57,052
61,076
61,07657,05248,16214,85014,32913,42112,78812,31711,84411,18113,58213,8653,99518,7227,01801
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,883
16,076
0
016,0761,88300000000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
14,328
14,850
46,279
40,977
0
040,97746,27914,85014,328000000000000
> Total Stockholder Equity
2,711
3,263
23,417
53,500
68,091
61,334
58,279
14,849
12,895
15,433
20,500
26,048
23,880
35,598
144,554
149,661
349,271
349,271149,661144,55435,59823,88026,04820,50015,43312,89514,84958,27961,33468,09153,50023,4173,2632,711
   Common Stock
6,653
8,505
33,781
73,017
79,356
86,918
86,911
86,911
87,882
92,884
100,388
108,042
110,290
132,009
202,081
228,284
429,035
429,035228,284202,081132,009110,290108,042100,38892,88487,88286,91186,91186,91879,35673,01733,7818,5056,653
   Retained Earnings -215,807-203,632-185,743-176,520-86,637-82,739-80,040-77,574-75,041-72,062-28,815-26,662-12,492-20,810-11,894-5,923-4,727
   Accumulated Other Comprehensive Income 
784
681
1,530
1,294
1,227
1,077
183
0
54
122
152
745
228
80,109
128,216
125,009
136,043
136,043125,009128,21680,1092287451521225401831,0771,2271,2941,530681784
   Capital Surplus 00000000000000000
   Treasury Stock00000000000000000



6.4. Balance Sheets

Currency in AUD. All numbers in thousands.




6.5. Cash Flows

Currency in AUD. All numbers in thousands.




6.6. Income Statements

Currency in AUD. All numbers in thousands.


6.7. Latest Income Statement

Income Statement (annual), 2024-06-30. Currency in AUD. All numbers in thousands.

Gross Profit (+$)
totalRevenue147,230
Cost of Revenue-47,157
Gross Profit100,073100,073
 
Operating Income (+$)
Gross Profit100,073
Operating Expense-100,073
Operating Income-9,4730
 
Operating Expense (+$)
Research Development0
Selling General Administrative79,138
Selling And Marketing Expenses2,447
Operating Expense100,07381,584
 
Net Interest Income (+$)
Interest Income1,377
Interest Expense-3,699
Other Finance Cost-0
Net Interest Income-2,322
 
Pretax Income (+$)
Operating Income-9,473
Net Interest Income-2,322
Other Non-Operating Income Expenses0
Income Before Tax (EBT)-11,811-7,135
EBIT - interestExpense = -11,811
-11,983
-8,431
Interest Expense3,699
Earnings Before Interest and Taxes (EBIT)-8,112-8,112
Earnings Before Interest and Taxes (EBITDA)14,130
 
After tax Income (+$)
Income Before Tax-11,811
Tax Provision-147
Net Income From Continuing Ops-11,959-11,959
Net Income-12,131
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses156,573
Total Other Income/Expenses Net-2,3382,322
 

Technical Analysis of Develop
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Develop. The general trend of Develop is BULLISH with 71.4% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Develop's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (71.4%) Bearish trend (-71.4%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Develop Global Ltd.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is -1/(-1 +1).

  • Around resistance: The price is trading arround resistance levels. This can be considered as a potential exit level. -1

The bullish price targets are: 2.93 < 2.93 < 3.02.

The bearish price targets are: 2.69 > 2.67 > 2.67.

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Develop Global Ltd Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Develop Global Ltd. The current mas is .

The long score for the Moving Averages is 12/14.
The longshort score for the Moving Averages is 10/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Develop Global Ltd Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Develop Global Ltd. The current macd is 0.04481364.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Develop price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Develop. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Develop price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Develop Global Ltd Daily Moving Average Convergence/Divergence (MACD) ChartDevelop Global Ltd Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Develop Global Ltd. The current adx is 21.77.

The long score for the Directional Movement Index (DMI) is 1/7.
The longshort score for the Directional Movement Index (DMI) is 1/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Develop shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
Develop Global Ltd Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Develop Global Ltd. The current sar is 2.63499604.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Develop Global Ltd Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Develop Global Ltd. The current rsi is 53.96. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
Develop Global Ltd Daily Relative Strength Index (RSI) ChartDevelop Global Ltd Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Develop Global Ltd. The current phase is Continuation in bull market.

The long score for the Stochastic Oscillator is 4/6.
The longshort score for the Stochastic Oscillator is 4/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Develop price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Develop Global Ltd Daily Stochastic Oscillator ChartDevelop Global Ltd Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Develop Global Ltd. The current cci is -8.98308041.

Develop Global Ltd Daily Commodity Channel Index (CCI) ChartDevelop Global Ltd Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Develop Global Ltd. The current cmo is 5.15749102.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Develop Global Ltd Daily Chande Momentum Oscillator (CMO) ChartDevelop Global Ltd Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Develop Global Ltd. The current willr is -41.93548387.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Develop is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Develop Global Ltd Daily Williams %R ChartDevelop Global Ltd Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Develop Global Ltd.

Develop Global Ltd Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Develop Global Ltd. The current atr is 0.12593501.

Develop Global Ltd Daily Average True Range (ATR) ChartDevelop Global Ltd Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Develop Global Ltd. The current obv is 18,043,314.

Develop Global Ltd Daily On-Balance Volume (OBV) ChartDevelop Global Ltd Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Develop Global Ltd. The current mfi is 35.16.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Develop Global Ltd Daily Money Flow Index (MFI) ChartDevelop Global Ltd Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Develop Global Ltd.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2024-10-22SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-10-24MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-10-25STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-10-29CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-10-30SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-10-31STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-11-01STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-11-04CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-11-06SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-11-07DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-11-08DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-11-11DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-11-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-11-13STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-11-14ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-11-18STOCH SHORT EXITThe %K line crosses above the %D line.
2024-11-20MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-11-22MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-11-25STOCH LONG EXITThe %K line crosses below the %D line.
2024-11-27STOCH SHORT EXITThe %K line crosses above the %D line.
2024-11-28STOCH LONG EXITThe %K line crosses below the %D line.
2024-11-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-12-02MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-12-03CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-12-04DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-12-06CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-12-09STOCH LONG EXITThe %K line crosses below the %D line.
2024-12-10STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-12-11STOCH LONG EXITThe %K line crosses below the %D line.
2024-12-16SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-12-17CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-12-18STOCH SHORT EXITThe %K line crosses above the %D line.
2024-12-19STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-12-20MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-12-23DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-12-24DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-12-30MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2025-01-02WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-01-06WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-01-07CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2025-01-08STOCH LONG EXITThe %K line crosses below the %D line.
2025-01-10STOCH SHORT EXITThe %K line crosses above the %D line.
2025-01-13STOCH LONG EXITThe %K line crosses below the %D line.
2025-01-14STOCH SHORT EXITThe %K line crosses above the %D line.
2025-01-16MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2025-01-17MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
2025-01-22MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2025-01-23DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-01-24DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-01-28DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-01-29CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-01-30DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-01-31MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2025-02-03STOCH LONG EXITThe %K line crosses below the %D line.
2025-02-06STOCH SHORT EXITThe %K line crosses above the %D line.
2025-02-07CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-02-10BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-02-11STOCH LONG EXITThe %K line crosses below the %D line.
2025-02-13STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-02-17STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2025-02-18MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2025-02-19RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2025-02-20STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-02-24SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2025-02-27MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2025-02-28CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-03-03STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-03-04STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-03-06STOCH SHORT EXITThe %K line crosses above the %D line.
2025-03-07CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-03-10SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2025-03-11STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-03-12CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-03-13STOCH SHORT EXITThe %K line crosses above the %D line.

6.3. Candlestick Patterns

Develop Global Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Develop Global Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5053.959
Ma 20Greater thanMa 502.833
Ma 50Greater thanMa 1002.594
Ma 100Greater thanMa 2002.415
OpenGreater thanClose2.760
Total4/5 (80.0%)
Penke
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