Dynatronics Corporation Reports Q2 Loss, Lags Revenue Estimates
| DYNTDelisted Stock | USD 0.20 0.00 0.00% |
Slightly above 56% of Dynatronics' investor base is looking to short. The analysis of overall sentiment of trading Dynatronics stock suggests that many investors are alarmed at this time. Dynatronics' investing sentiment can be driven by a variety of factors including economic data, Dynatronics' earnings reports, geopolitical events, and overall market trends.
Dynatronics |
Dynatronics Corporation delivered earnings and revenue surprises of -80 percent and 0.47, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock
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Dynatronics Fundamental Analysis
We analyze Dynatronics' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Dynatronics using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Dynatronics 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.
Beta
Beta Comparative Analysis
Dynatronics is currently under evaluation in beta category among its peers. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Dynatronics Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Dynatronics stock to make a market-neutral strategy. Peer analysis of Dynatronics could also be used in its relative valuation, which is a method of valuing Dynatronics by comparing valuation metrics with similar companies.
Peers
Dynatronics Related Equities
| VVOS | Vivos Therapeutics | 3.60 | ||||
| ASAPF | Aurora Spine | 3.45 | ||||
| NPCE | Neuropace | 1.10 | ||||
| BJDX | Bluejay Diagnostics | 0.65 | ||||
| NSYS | Nortech Systems | 0.52 | ||||
| IRIX | IRIDEX | 1.15 | ||||
| BBLG | Bone Biologics | 1.75 | ||||
| RPID | Rapid Micro | 1.96 | ||||
| SSKN | STRATA Skin | 2.60 | ||||
| SGHT | Sight Sciences | 3.76 | ||||
| TIVC | Tivic Health | 4.35 | ||||
| TNON | Tenon Medical | 4.39 | ||||
| NXL | Nexalin Technology | 4.81 |
Check out Investing Opportunities 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 board of governors. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Other Consideration for investing in Dynatronics Stock
If you are still planning to invest in Dynatronics 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 Dynatronics' history and understand the potential risks before investing.
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