Jericho Energy Ventures (JEV) AI Stock Analysis

• Market Cap: C$48.53M
• Dividend Yield: N/A
• Average Volume (3M): 30.37K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.24
• Revenue Growth: 99.82%
• EPS Growth: -52.40%
• Country: CA
• Employees: 26
• Sector: Energy
• Sector Strength: 59
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): -0.04
• Shares Outstanding: 303,334,440
• 10 Day Avg. Volume: 45,390
• 30 Day Avg. Volume: 30,373
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 419.26
• Price to Cash Flow (P/CF): -6.80
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Jericho Energy Ventures faces significant financial challenges with declining revenues and persistent losses, which heavily weigh on the stock's overall evaluation. While recent technical indicators show some positive momentum, the underlying financial health and negative valuation metrics are major concerns. The completion of a financing round provides some relief but does not substantially offset the financial risks.

Jericho Energy Ventures Business Overview & Revenue Model

Company Description

Jericho Energy Ventures (JEV) is a company focused on advancing the transition to a low-carbon economy through investments and technologies in the energy sector. The company operates primarily in the clean energy space, with interests in hydrogen technologies, energy storage, and other sustainable energy solutions. JEV aims to leverage its expertise and strategic partnerships to drive innovation and sustainable growth in the energy industry.

How the Company Makes Money

Jericho Energy Ventures makes money through a diversified revenue model that includes investments in clean energy technologies, partnerships, and the commercialization of its hydrogen-based solutions. The company generates revenue by investing in and developing cutting-edge energy technologies, particularly in the hydrogen sector, where it aims to capitalize on growing global demand for sustainable energy solutions. Key revenue streams include the sale and licensing of proprietary technologies, joint ventures, and strategic partnerships with other energy sector companies. Additionally, JEV benefits from government initiatives and incentives aimed at promoting clean energy, which can further enhance its financial performance.

Jericho Energy Ventures Financial Statement Overview

Summary

Jericho Energy Ventures is facing significant financial hurdles with declining revenues, persistent losses, and negative cash flows. The balance sheet shows some stability with equity financing, but operational inefficiencies and ongoing cash burn present substantial risks. The company needs to address these issues to improve financial health and investor confidence.

Income Statement

The company has been experiencing declining revenues and significant net losses over multiple periods. The gross profit margin is negative, indicating cost inefficiencies. The net profit margin is also deeply negative, reflecting ongoing financial challenges. There is no positive growth in revenues, and margins suggest a need for operational improvements.

Balance Sheet

The company has a manageable debt-to-equity ratio, but stockholders' equity has declined, indicating financial strain. The equity ratio suggests that the company still has a substantial amount of its assets financed by equity, but the declining trend in assets and equity is concerning for future solvency.

Cash Flow

Operating cash flow is consistently negative, impacting liquidity. Free cash flow is also negative, suggesting challenges in generating cash to meet financial obligations. Although financing cash flow is positive, indicating external funding, reliance on this is not sustainable long-term.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
56.14K	73.00K	23.33K	60.13K	55.55K	237.65K
	Gross Profit
-871.95K	-555.94K	-557.54K	-488.99K	-55.88K	-117.82K
	EBIT
-6.21M	-6.55M	-3.78M	-6.03M	-19.74M	-8.51M
	EBITDA
-5.24M	-5.93M	-3.32M	-5.58M	-2.13M	-1.83M
	Net Income Common Stockholders
-7.10M	-7.32M	-4.62M	-6.70M	-20.75M	-8.65M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
3.96M	36.53K	349.64K	6.19M	3.54M	1.58M
	Total Assets
44.18M	19.02M	21.84M	28.30M	19.66M	34.10M
	Total Debt
0.00	3.92M	3.06M	4.99M	64.28K	9.83K
	Net Debt
-3.96M	3.88M	2.72M	-1.20M	-3.48M	-1.57M
	Total Liabilities
425.32K	7.44M	4.20M	6.10M	544.38K	670.95K
	Stockholders Equity
43.76M	17.64M	17.64M	22.20M	19.11M	33.43M
Cash Flow		Free Cash Flow
-3.02M	-3.26M	-4.08M	-5.25M	-2.17M	-1.51M
	Operating Cash Flow
-3.04M	-3.20M	-3.69M	-4.17M	-2.00M	-1.51M
	Investing Cash Flow
-122.51K	-45.27K	-2.31M	-3.34M	-828.75K	-599.31K
	Financing Cash Flow
2.93M	3.95M	1.29M	10.18M	4.82M	-79.23K

Jericho Energy Ventures Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.16
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:JEV, the sentiment is Positive. The current price of 0.16 is above the 20-day moving average (MA) of 0.13, above the 50-day MA of 0.14, and above the 200-day MA of 0.14, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 63.98 is Neutral, neither overbought nor oversold. The STOCH value of 76.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:JEV.

Jericho Energy Ventures Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GRN	66 Neutral	C$14.90M	―	-5.60%	―	-10.37%	95.22%
Sector *	57 Neutral	$7.70B	4.18	-3.52%	8.32%	0.35%	-64.68%
ARE	51 Neutral	C$1.05B	―	-5.87%	4.56%	-8.64%	-136.62%
BLDP	45 Neutral	$461.48M	―	-38.88%	―	-30.80%	-84.41%
GPV	41 Neutral	C$18.58M	―	-218.43%	―	-57.55%	-31.45%
JEV	35 Underperform	C$48.53M	―	-53.14%	―	99.82%	-52.40%
NXO	22 Underperform	C$1.95M	―	17.92%	―	―	83.87%

Jericho Energy Ventures Corporate Events

Jericho Energy Ventures Completes $2 Million Financing Round

Jericho Energy Ventures has completed the final tranche of its oversubscribed non-brokered private placement financing, raising a total of $2,024,500. The funds will be used for general working capital, and the closing of this financing enhances the company’s financial position as it advances its energy transition initiatives.

Jericho Energy Ventures Completes First Tranche of Private Placement Financing

Jericho Energy Ventures has successfully closed the first tranche of its non-brokered private placement financing, raising gross proceeds of C$799,000 through the issuance of 7,990,000 units. Each unit consists of a common share and a share purchase warrant, with proceeds to be used for general working capital. The financing is still subject to final approval from the TSX Venture Exchange, and a second tranche is expected to follow shortly. This move supports Jericho’s operational funding as it navigates the evolving energy market, leveraging its strategic investments and traditional assets.

Jericho Energy Ventures’ Portfolio Gains California Grant

Jericho Energy Ventures has announced that its hydrogen portfolio company secured a grant from the California NanoSystems Institute for climate innovation, marking its second grant in the state for 2024. Additionally, Jericho has revised the terms of a private placement to raise up to $2 million, adjusting the unit price and warrant conditions, with proceeds aimed at general working capital.

Jericho Energy Ventures Secures UK Patent for Hydrogen Tech

Jericho Energy Ventures has secured a UK patent for its zero-emission hydrogen combustion technology, strengthening its position in the clean energy market. The company is collaborating with partners to deploy its innovative boiler technology, aiming to decarbonize the $198 billion global district heating market.

Jericho Energy Ventures Secures DOE Funding for Hydrogen Project

Jericho Energy Ventures’ subsidiary, Hydrogen Technologies, has secured $1 million in funding from the U.S. Department of Energy for a project aimed at improving hydrogen fuel deployment in industries unfamiliar with the technology. The project, developed with partners like Sandia National Laboratories, will address technological and administrative barriers to hydrogen projects and promote community engagement.

Jericho Energy Ventures Joins European Hydrogen Week

Jericho Energy Ventures is set to participate in the upcoming European Hydrogen Week in Brussels, highlighting its commitment to the energy transition with zero-emission technologies. By showcasing their innovative solutions, Jericho is positioning itself as a leader in the hydrogen sector, appealing to investors interested in sustainable energy projects.

Jericho Energy Ventures Expands Hydrogen Solutions in Europe

Jericho Energy Ventures partners with Aurea Holdings to expand hydrogen solutions in Europe, focusing on reducing emissions in energy-intensive industries. Aurea will also invest strategically in Jericho and a newly announced Hydrogen Platform, supporting the collaboration with expertise and resources.

Jericho Energy Ventures to Split Hydrogen Business

Jericho Energy Ventures plans to separate its hydrogen platform into a new entity, Hydrogen Technologies Corporation, aiming to enhance shareholder value by creating specialized energy companies. This strategic move seeks to enable both entities to focus on distinct strategies and growth opportunities in the hydrogen and oil & gas sectors.