CNSX:NITE

Stock Analysis Report

Cryptanite Blockchain Technologies

Executive Summary

Cryptanite Blockchain Technologies Corp. provides blockchain and cryptocurrency payment processing technology with end-to-end payment solutions.

Snowflake

Fundamentals

Adequate balance sheet and overvalued.

Share Price & News

How has Cryptanite Blockchain Technologies's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

NITE

-1.5%

CA IT

-0.2%

CA Market


1 Year Return

-82.6%

NITE

25.6%

CA IT

1.1%

CA Market

Return vs Industry: NITE underperformed the Canadian IT industry which returned 25.6% over the past year.

Return vs Market: NITE underperformed the Canadian Market which returned 1.1% over the past year.


Shareholder returns

NITEIndustryMarket
7 Day0%-1.5%-0.2%
30 Day-33.3%-2.5%-3.3%
90 Day-63.6%-1.5%-1.6%
1 Year-82.6%-82.6%25.6%25.6%4.6%1.1%
3 Yearn/a60.9%60.7%13.1%3.1%
5 Yearn/a167.0%165.9%24.7%6.7%

Price Volatility Vs. Market

How volatile is Cryptanite Blockchain Technologies's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Cryptanite Blockchain Technologies undervalued compared to its fair value and its price relative to the market?

1.55x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate NITE's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate NITE's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: NITE is unprofitable, so we can't compare its PE Ratio to the IT industry average.

PE vs Market: NITE is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate NITE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NITE is good value based on its PB Ratio (1.6x) compared to the CA IT industry average (2.2x).


Next Steps

Future Growth

How is Cryptanite Blockchain Technologies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.9%

Forecasted Software industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Cryptanite Blockchain Technologies has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Cryptanite Blockchain Technologies performed over the past 5 years?

24.9%

Last years earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if NITE's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

Accelerating Growth: Unable to compare NITE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: NITE is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (12.7%).


Return on Equity

High ROE: NITE has a negative Return on Equity (-502.76%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: NITE is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: NITE is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Cryptanite Blockchain Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: NITE's short term assets ($596.0K) exceeds its short term liabilities ($164.2K)

Long Term Liabilities: NITE has no long term liabilities


Debt to Equity History and Analysis

Debt Level: NITE is debt free.

Reducing Debt: NITE has not had any debt for past 5 years.


Balance Sheet

Inventory Level: NITE has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if NITE's debt is covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: NITE has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: NITE has less than a year of cash runway if free cash flow continues to reduce at historical rates of -58% each year


Next Steps

Dividend

What is Cryptanite Blockchain Technologies's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%6.0%industryaverage1.3%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate NITE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate NITE's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if NITE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NITE's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of NITE's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

What is the CEO of Cryptanite Blockchain Technologies's salary, the management and board of directors tenure and is there insider trading?


CEO

John Eagleton 0

0yrs

Tenure

0

Mr. John Eagleton serves as the President of Investars, Inc. Mr. Eagleton was a Co-Founder of Cryptanite Blockchain Technologies Corp. and served as its Chief Executive Officer. 


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$18428 Feb 19
John Eagleton
EntityIndividual
Role
Chief Executive Officer
Co-Founder & CEO
Shares4,000
Max PriceUS$0.046
BuyUS$31026 Feb 19
John Eagleton
EntityIndividual
Role
Chief Executive Officer
Co-Founder & CEO
Shares6,000
Max PriceUS$0.053
BuyUS$1,43013 Feb 19
John Eagleton
EntityIndividual
Role
Chief Executive Officer
Co-Founder & CEO
Shares30,000
Max PriceUS$0.055
BuyUS$3106 Feb 19
John Eagleton
EntityIndividual
Role
Chief Executive Officer
Co-Founder & CEO
Shares845
Max PriceUS$0.037
BuyUS$93901 Feb 19
John Eagleton
EntityIndividual
Role
Chief Executive Officer
Co-Founder & CEO
Shares20,000
Max PriceUS$0.047
BuyUS$7528 Jan 19
John Eagleton
EntityIndividual
Role
Chief Executive Officer
Co-Founder & CEO
Shares2,155
Max PriceUS$0.037
BuyUS$2,39922 Jan 19
John Eagleton
EntityIndividual
Role
Chief Executive Officer
Co-Founder & CEO
Shares62,100
Max PriceUS$0.041
BuyUS$2,91007 Jan 19
John Eagleton
EntityIndividual
Role
Chief Executive Officer
Co-Founder & CEO
Shares86,200
Max PriceUS$0.034
BuyUS$2,29305 Nov 18
John Eagleton
EntityIndividual
Role
Chief Executive Officer
Co-Founder & CEO
Shares35,000
Max PriceUS$0.066
BuyUS$32802 Nov 18
John Eagleton
EntityIndividual
Role
Chief Executive Officer
Co-Founder & CEO
Shares5,000
Max PriceUS$0.066

Ownership Breakdown


Management Team

  • John Eagleton

    Co-Founder & CEO

    • Tenure: 0yrs
  • Keith Turner

    President

    • Tenure: 1.3yrs
  • Henry Duong

    Co-Founder

    • Tenure: 0.8yrs

Board Members

  • Praveen Varshney (53yo)

    Director

    • Tenure: 0yrs
  • Henry Duong

    Co-Founder

    • Tenure: 0.8yrs

Company Information

Cryptanite Blockchain Technologies Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Cryptanite Blockchain Technologies Corp.
  • Ticker: NITE
  • Exchange: CNSX
  • Founded:
  • Industry: Data Processing and Outsourced Services
  • Sector: Software
  • Market Cap: CA$1.129m
  • Shares outstanding: 56.47m
  • Website: https://cryptanite.com

Location

  • Cryptanite Blockchain Technologies Corp.
  • 1055 West Georgia Street
  • Suite 2050
  • Vancouver
  • British Columbia
  • V6E 3P3
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NITECNSX (Canadian National Stock Exchange)YesCommon StockCACADMar 2018
98AADB (Deutsche Boerse AG)YesCommon StockDEEURMar 2018
CRBT.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDMar 2018

Biography

Cryptanite Blockchain Technologies Corp. provides blockchain and cryptocurrency payment processing technology with end-to-end payment solutions. It also offers software system for recurring billing and cli ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/20 00:50
End of Day Share Price2019/10/17 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.