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TrackX Holdings Inc. (CVE:TKX) shareholders might be concerned after seeing the share price drop 15% in the last month. But looking back over the last year, the returns have actually been rather pleasing! After all, the share price is up a market-beating 39% in that time.
Check out our latest analysis for TrackX Holdings
TrackX Holdings isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. When a company doesn't make profits, we'd generally expect to see good revenue growth. That's because it's hard to be confident a company will be sustainable if revenue growth is negligible, and it never makes a profit.
TrackX Holdings grew its revenue by 50% last year. That's well above most other pre-profit companies. The solid 39% share price gain goes down pretty well, but it's not necessarily as good as you might expect given the top notch revenue growth. So quite frankly it could be a good time to investigate TrackX Holdings in some detail. Human beings have trouble conceptualizing (and valuing) exponential growth. Is that what we're seeing here?
The chart below shows how revenue and earnings have changed with time, (if you click on the chart you can see the actual values).
You can see how its balance sheet has strengthened (or weakened) over time in this free interactive graphic.
A Different Perspective
TrackX Holdings shareholders should be happy with the total gain of 39% over the last twelve months. Unfortunately the share price is down 9.9% over the last quarter. Shorter term share price moves often don't signify much about the business itself. Most investors take the time to check the data on insider transactions. You can click here to see if insiders have been buying or selling.
We will like TrackX Holdings better if we see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on CA exchanges.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.