18 healthy stocks that recovered from Altman Z-Score Distress Zone

Posted on by investing-scientist

These are eighteen names from NYSE and NASDAQ that have significantly improved their Altman Z-Score, recovering from the so called distress zone to the green zone. A distress zone (Z < 1.8) means that a company has more than 80% of chances of bankruptcy in two years. The Altman Z-Scores were calculated for eight consecutive quarters, starting from the current one (Q1). When populating the list below, it was also required that Piotroski F-Score is 7 or higher, indicating rather healthy companies with quality of their fundamentals above average.

If you are unfamiliar with the Z-Score, its meaning and interpretation, here are some reads for you:

The calculations were done in Python using data purchased from eodhistoricaldata.com (this is a referral link: if you register, I might earn $5).

Enjoy and don’t forget to leave a comment.

# Ticker Name Exchange Q1 Q2 Q3 Q4 Q5 Q6 Q7 Q8
1 AMH American Homes 4 Rent NYSE 2.24 2.36 2.07 1.93 1.75 1.61 1.69 1.68
2 ATY AcuityAds Holdings Inc. Common Shares NASDAQ 12.0 13.83 10.88 3.52 1.76 1.41 1.42 0.78
3 AVTR Avantor Inc NYSE 2.56 2.66 2.35 2.03 1.89 1.58 1.71 1.51
4 CLGN CollPlant Biotechnologies Ltd NASDAQ 22.39 13.14 -3.55 -3.48 -3.69 -3.32 -8.76 -4.18
5 DD DuPont de Nemours Inc NYSE 2.77 2.61 1.99 1.7 0.88 0.89 1.3 1.81
6 DQ Daqo New Energy Corp NYSE 7.32 7.67 7.44 3.33 2.26 1.35 1.17 1.11
7 EXK Endeavour Silver Corp NYSE 12.87 9.4 8.07 4.85 2.47 -0.94 1.34 2.89
8 FNKO Funko Inc NASDAQ 2.57 2.44 1.89 1.34 1.34 1.49 1.7 2.25
9 FORR Forrester Research Inc NASDAQ 2.18 2.08 2.09 2.1 2.05 1.76 1.5 1.68
10 GAIA Gaia Inc NASDAQ 3.73 3.42 3.18 3.29 1.93 1.76 1.84 1.23
11 HL Hecla Mining Company NYSE 2.13 2.33 1.72 2.13 2.2 0.82 1.1 0.58
12 IQV IQVIA Holdings Inc NYSE 2.37 2.19 1.88 1.76 1.73 1.64 1.81 1.73
13 LQDT Liquidity Services Inc NASDAQ 4.55 5.24 5.44 2.92 1.45 1.25 1.61 1.91
14 MATX Matson Inc NYSE 2.87 2.53 2.32 1.96 1.63 1.47 1.53 1.66
15 NTCT NetScout Systems Inc NASDAQ 2.2 2.11 2.13 1.81 1.51 1.5 1.65 1.49
16 OPK OPKO Health Inc NASDAQ 2.46 2.19 2.58 1.58 1.89 0.36 -0.07 -0.07
17 ORGO Organogenesis Holdings Inc NASDAQ 8.59 10.19 8.43 2.15 1.24 1.35 1.22 1.74
18 SITE SiteOne Landscape Supply Inc NYSE 6.94 7.09 7.27 -0.06 -1.04 -2.2 -2.08 4.27

Disclaimers

  • What you see here is my personal opinion and should not be treated as an investing advice
  • I’m not an expert stock analyst nor financial advisor

 

Michał, the Investing Scientist.