SOL Global Investments (XCNQ:SOL) 6-Month Share Buyback Ratio : -115.49% (As of Nov. 2024 )

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What is SOL Global Investments 6-Month Share Buyback Ratio?

Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.

6-Month Share Buyback Ratio measures the proportion of a company's outstanding shares repurchased over the past six months, calculated as the percentage change in shares outstanding from two quarters ago to the current quarter. A positive ratio may indicates share buybacks over the period, while a zero or negative ratio suggests no buybacks or potential share issuance. SOL Global Investments's current 6-Month Share Buyback Ratio was -115.49%.

Competitive Comparison of SOL Global Investments's 6-Month Share Buyback Ratio

For the Asset Management subindustry, SOL Global Investments's 6-Month Share Buyback Ratio, along with its competitors' market caps and 6-Month Share Buyback Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

SOL Global Investments's 6-Month Share Buyback Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, SOL Global Investments's 6-Month Share Buyback Ratio distribution charts can be found below:

* The bar in red indicates where SOL Global Investments's 6-Month Share Buyback Ratio falls into.

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SOL Global Investments 6-Month Share Buyback Ratio Calculation

SOL Global Investments's 6-Month Share Buyback Ratio for the quarter that ended in Nov. 2024 is calculated as

6-Month Share Buyback Ratio	=	(Shares Outstanding (EOP) (May. 2024 )	-	Shares Outstanding (EOP) (Nov. 2024 ))	/	Shares Outstanding (EOP) (May. 2024 )
	=	(54.442	-	117.315)	/	54.442
	=	-115.49%

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

SOL Global Investments (XCNQ:SOL) 6-Month Share Buyback Ratio Explanation

A positive ratio may indicates share buybacks over the period, while a zero or negative ratio suggests no buybacks or potential share issuance.

Be Aware

Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.

SOL Global Investments 6-Month Share Buyback Ratio Related Terms

SOL Global Investments Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » SOL Global Investments Corp (XCNQ:SOL) » Definitions » 6-Month Share Buyback Ratio

Comparable Companies

Traded in Other Exchanges

SOLCF:USA 9SB:Germany

Address

100 King Street West, Suite 5600, Toronto, ON, CAN, M5X 1C9

Website

https://www.solglobal.com

SOL Global Investments Corp is a cannabis company with a focus on legal U.S. states. Its strategic investments and partnerships across cultivation, distribution and retail complement the company's R&D program with the University of Miami. It is also involved in Retail, Agriculture, Quick Service Restaurants & Hospitality, Media Technology & Gaming, Energy and New Age Wellness.

Executives