Stock fact sheet · data as of
Tradr 2X Long SpaceX Daily ETF (SPCM): fair value, margin of safety and Wheel Score
Ticker symbol SPCM · Financial Services · Asset Management · United States · Fund / Note
Is SPCM undervalued?
At 13.40 (close of 5 Nov 2026), SPCM trades 19% over the GLS average fair value of 11.30. 3 of the 7 models land above the price and 4 below. A negative margin of safety fails the "below fair value" Wheel Trade Filter - the models see no discount, which does not make the business a poor one, only the price a full one.
There is a wide gap between 10 Cap (1.63) and Graham Growth (25.26). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
SPCM looks like a fund, note or preferred share rather than an operating company, so the nightly engine files it under Fund / Note: the valuation models are not built for it, and its Wheel Score is capped at 45.
Nine valuation models for SPCM
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | 20.63 | +54% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 25.26 | +89% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 6.26 | -53% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 6.31 | -53% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 1.63 | -88% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 1.63 | -88% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 17.40 | +30% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 0.0000 | -100% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
No Piotroski health score is on file for SPCM (the statements it needs were not available), so the Health part of the Wheel Score counts it at half marks - 10 of 20 - rather than marking the stock down for missing data. There is no GLS Moat score for SPCM: funds, notes and second share lines get none, and so does a company with fewer than two years of accounts on file. The Moat part of the Wheel Score is zero.
Returns on capital are thin or negative - ROIC 0.0%, ROE 0.0%, ROA 0.0% - with debt at 0.00 times equity and a free-cash-flow yield of 9.1%.
Tradr 2X Long SpaceX Daily ETF pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain.
Institutional ownership scores 5/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | - / 9 | ROIC | 0.0% |
|---|---|---|---|
| GLS Moat | - / 10 | ROE | 0.0% |
| Debt / equity | 0.00 | ROA | 0.0% |
| Free-cash-flow yield | 9.1% | Payout ratio | 0% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 18: Weak
With a Wheel Score of 18 Tradr 2X Long SpaceX Daily ETF sits in the Weak band. It fails filter 1, options that actually trade - options too quiet (888 open interest, 134 a day); and filter 2, a real business, not a gamble - a fund or note, not a company; and filter 3, below fair value - trades 19% above our fair value; and filter 7, a premium worth selling - implied volatility 109% (over 80%); and filter 8, big enough - market cap $19M (under $1.0B); Value (weak) is its weakest part.
Implied volatility is 109%, above the 80% ceiling of the Wheel Trade Filter on premium. The premium looks generous, but moves of that size can blow through any strike. Chain open interest is thin - 888 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 740k shares a day on a market cap of $19M, with a beta of 0.00 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | options too quiet (888 open interest, 134 a day) |
| 2 | A real business, not a gamble | Fails | a fund or note, not a company |
| 3 | Below fair value | Fails | trades 19% above our fair value |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Fails | implied volatility 109% (over 80%) |
| 8 | Big enough | Fails | market cap $19M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 19% above fair value | |
| Premium | Weak | implied volatility 109% | |
| Moat | Weak | no moat score | |
| Health | Fair | no Piotroski score on file - half marks | |
| Red Flags | Strong | Red Flags score 100/100 | |
| Option trading | Weak | 134 contracts a day, 888 open interest | |
| Stability | Fair | beta 0.00, $19M company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for SPCM in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Asset Management
The 12 companies below are the closest to Tradr 2X Long SpaceX Daily ETF by market cap within the Asset Management industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| RAFI Regency Affiliates, Inc. | 4.54 | 2.52 | -80% | 16No options | $19M |
| BCG Binah Capital Group, Inc. | 1.16 | 5.68 | +80% | 32No options | $20M |
| INV Innventure, Inc. | 0.2161 | 0.1716 | -26% | 16Weak | $19M |
| RCG RENN Fund, Inc. | 2.64 | 13.51 | +80% | 25No options | $19M |
| MN Corgi MANGOS ETF | 21.60 | 16.48 | -31% | 29Weak | $18M |
| PRTO RCN Pareto Strategic Allocation ETF | 26.94 | 0.9738 | -2667% | 8No options | $18M |
| GPT Intelligent Alpha Atlas ETF | 32.28 | 3.93 | -721% | 26Weak | $22M |
| TIER T. Rowe Price International Equity Research ETF | 31.65 | 15.80 | -100% | 12No options | $17M |
| GABBX Gabelli Dividend Growth AAA | 20.41 | 32.78 | +38% | 24No options | $23M |
| DTSGX Wilshire Small Company Growth Portfolio Investment Class Shares | 20.09 | 497.55 | +96% | 27No options | $23M |
| ASCGX Lisanti Small Cap Growth Fund | 25.21 | 2,165.23 | +99% | 24No options | $15M |
| WBQNL Woodbridge Liquidation Trust | 2.00 | 6.54 | +69% | 26No options | $24M |
⚖ Compare SPCM with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about SPCM
Is SPCM undervalued right now?
No: at 13.40 the stock trades 19% above the GLS average fair value of 11.30 (data as of 5 Nov 2026). The margin of safety is negative.
What is the Wheel Score of SPCM and what does it mean?
SPCM scores 18 out of 100 (Weak) - it fails Wheel Trade Filters 1, 2, 3, 7, 8. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for SPCM?
11.30 per share as of 5 Nov 2026 - the simple average of the 7 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Tradr 2X Long SpaceX Daily ETF report earnings next?
No upcoming earnings date is recorded for SPCM in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does SPCM have listed options, and how liquid are they?
Yes. The nightly snapshot found 48 listed contracts with 888 open interest across all expiries and implied volatility of 109% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.