Gtx Corp Stock Cash And Equivalents
GTX Corp fundamentals help investors to digest information that contributes to GTX Corp's financial success or failures. It also enables traders to predict the movement of GTX Pink Sheet. The fundamental analysis module provides a way to measure GTX Corp's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to GTX Corp pink sheet.
GTX |
GTX Corp Company Cash And Equivalents Analysis
GTX Corp's Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Current GTX Corp Cash And Equivalents | 46.26 K |
Most of GTX Corp's fundamental indicators, such as Cash And Equivalents, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, GTX Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
CompetitionIn accordance with the recently published financial statements, GTX Corp has 46.26 K in Cash And Equivalents. This is 100.0% lower than that of the Technology sector and 100.0% lower than that of the Communication Equipment industry. The cash and equivalents for all United States stocks is 100.0% higher than that of the company.
GTX Cash And Equivalents Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses GTX Corp's direct or indirect competition against its Cash And Equivalents to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of GTX Corp could also be used in its relative valuation, which is a method of valuing GTX Corp by comparing valuation metrics of similar companies.GTX Corp is currently under evaluation in cash and equivalents category among its peers.
GTX Fundamentals
| Return On Asset | -1.06 | |||
| Profit Margin | (2.49) % | |||
| Operating Margin | (2.16) % | |||
| Current Valuation | 2.66 M | |||
| Shares Outstanding | 247.11 M | |||
| Shares Owned By Insiders | 0.31 % | |||
| Price To Earning | (1.95) X | |||
| Price To Sales | 2.86 X | |||
| Revenue | 589.44 K | |||
| Gross Profit | 255.25 K | |||
| EBITDA | (1.04 M) | |||
| Net Income | (1.2 M) | |||
| Cash And Equivalents | 46.26 K | |||
| Total Debt | 142.92 K | |||
| Debt To Equity | (1.26) % | |||
| Current Ratio | 0.06 X | |||
| Book Value Per Share | (0.04) X | |||
| Cash Flow From Operations | (497.68 K) | |||
| Earnings Per Share | (0.01) X | |||
| Target Price | 0.09 | |||
| Number Of Employees | 10 | |||
| Beta | 1.23 | |||
| Market Capitalization | 1.24 M | |||
| Total Asset | 400.28 K | |||
| Retained Earnings | (25.42 M) | |||
| Working Capital | (1.06 M) | |||
| Current Asset | 333 K | |||
| Current Liabilities | 1.39 M | |||
| Z Score | -68.9 | |||
| Net Asset | 400.28 K |
Pair Trading with GTX Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if GTX Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in GTX Corp will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Cigna Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cigna Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cigna Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cigna Corp to buy it.
The correlation of Cigna Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cigna Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cigna Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cigna Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Other Consideration for investing in GTX Pink Sheet
If you are still planning to invest in GTX Corp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the GTX Corp's history and understand the potential risks before investing.
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Stocks Directory Find actively traded stocks across global markets |