Kineta Price To Sales Ratio vs Cash Per Share Analysis
| KA Stock | 0.48 0.04 7.69% |
Kineta financial indicator trend analysis is infinitely more than just investigating Kineta Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kineta Inc is a good investment. Please check the relationship between Kineta Price To Sales Ratio and its Cash Per Share accounts. 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.
Price To Sales Ratio vs Cash Per Share
Price To Sales Ratio vs Cash Per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kineta Inc Price To Sales Ratio account and Cash Per Share. At this time, the significance of the direction appears to have weak relationship.
The correlation between Kineta's Price To Sales Ratio and Cash Per Share is 0.32. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Cash Per Share in the same time period over historical financial statements of Kineta Inc, assuming nothing else is changed. The correlation between historical values of Kineta's Price To Sales Ratio and Cash Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of Kineta Inc are associated (or correlated) with its Cash Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash Per Share has no effect on the direction of Price To Sales Ratio i.e., Kineta's Price To Sales Ratio and Cash Per Share go up and down completely randomly.
Correlation Coefficient | 0.32 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Kineta Inc stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Kineta sales, a figure that is much harder to manipulate than other Kineta Inc multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Cash Per Share
Most indicators from Kineta's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Kineta Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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. As of December 16, 2024, Selling General Administrative is expected to decline to about 8.2 M. In addition to that, Issuance Of Capital Stock is expected to decline to about 11.8 M
| 2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 9.1M | 2.0M | 5.4M | 5.1M | Depreciation And Amortization | 669K | 734K | 9K | 8.6K |
Kineta fundamental ratios Correlations
Click cells to compare fundamentals
Kineta Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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 Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
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.