Kineta Inc Stock Piotroski F Score

KA Stock   0.48  0.04  7.69%   
This module uses fundamental data of Kineta to approximate its Piotroski F score. Kineta F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Kineta Inc. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Kineta financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Correlation 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 nation.
  
At present, Kineta's Net Debt To EBITDA is projected to slightly decrease based on the last few years of reporting. The current year's Debt To Equity is expected to grow to 0.48, whereas Short and Long Term Debt Total is forecasted to decline to about 1.3 M. At present, Kineta's PTB Ratio is projected to decrease significantly based on the last few years of reporting. The current year's Stock Based Compensation To Revenue is expected to grow to 0.73, whereas Price To Sales Ratio is forecasted to decline to 7.00.
At this time, it appears that Kineta's Piotroski F Score is Frail. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
2.0
Piotroski F Score - Frail
Current Return On Assets

Negative

Focus
Change in Return on Assets

Decreased

Focus
Cash Flow Return on Assets

Negative

Focus
Current Quality of Earnings (accrual)

Decreasing

Focus
Asset Turnover Growth

Increase

Focus
Current Ratio Change

Decrease

Focus
Long Term Debt Over Assets Change

Lower Leverage

Focus
Change In Outstending Shares

Increase

Focus
Change in Gross Margin

No Change

Focus

Kineta Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Kineta is to make sure Kineta is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Kineta's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Kineta's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.560.5293
Notably Up
Slightly volatile
Gross Profit Margin0.680.9983
Way Down
Slightly volatile
Total Current Liabilities8.8 M7.1 M
Fairly Up
Very volatile
Non Current Liabilities Total142.5 K150 K
Notably Down
Slightly volatile
Total Assets9.8 M10.3 M
Notably Down
Slightly volatile
Total Current Assets5.7 MM
Notably Down
Slightly volatile

Kineta Inc F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Kineta's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Kineta in a much-optimized way.

About Kineta Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Pretax Profit Margin

(2.72)

At present, Kineta's Pretax Profit Margin is projected to drop slightly based on the last few years of reporting.

Kineta Current Valuation Drivers

We derive many important indicators used in calculating different scores of Kineta from analyzing Kineta's financial statements. These drivers represent accounts that assess Kineta's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Kineta's important valuation drivers and their relationship over time.
201920202021202220232024 (projected)
Market Cap96.8M90.5M31.1M23.6M27.2M25.8M
Enterprise Value68.0M78.7M44.2M34.2M39.3M37.3M

About Kineta Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Kineta Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Kineta using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Kineta Inc based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Check out Correlation 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 nation.
You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Kineta. If investors know Kineta will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Kineta listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.64)
Quarterly Revenue Growth
(1.00)
Return On Assets
(1.14)
Return On Equity
(3.69)
The market value of Kineta Inc is measured differently than its book value, which is the value of Kineta that is recorded on the company's balance sheet. Investors also form their own opinion of Kineta's value that differs from its market value or its book value, called intrinsic value, which is Kineta's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Kineta's market value can be influenced by many factors that don't directly affect Kineta's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Kineta's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kineta is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kineta's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.