Nogin Cash Per Share vs. Current Valuation
| NOGNDelisted Stock | USD 0.96 0.13 11.93% |
For Nogin profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Nogin to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Nogin Inc utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Nogin's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Nogin Inc over time as well as its relative position and ranking within its peers.
Nogin |
Nogin Inc Current Valuation vs. Cash Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Nogin's current stock value. Our valuation model uses many indicators to compare Nogin value to that of its competitors to determine the firm's financial worth. Nogin Inc is rated below average in cash per share category among its peers. It is regarded third in current valuation category among its peers reporting about 4,194,079,200 of Current Valuation per Cash Per Share. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Nogin's earnings, one of the primary drivers of an investment's value.Nogin Current Valuation vs. Cash Per Share
Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
Nogin |
| = | 0.02 X |
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Nogin |
| = | 83.88 M |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Nogin Current Valuation vs Competition
Nogin Inc is regarded third in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Information Technology industry is now estimated at about 3.62 Billion. Nogin holds roughly 83.88 Million in current valuation claiming about 2.32% of equities under Information Technology industry.
Nogin Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Nogin, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Nogin will eventually generate negative long term returns. The profitability progress is the general direction of Nogin's change in net profit over the period of time. It can combine multiple indicators of Nogin, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The company offers solutions in the areas of onboarding and discovery assessment of critical business issue roadmap development project and task management implementation and execution plan client support product management reporting and analytics and operational support and campaign management. The company was incorporated in 2010 and is based in Tustin, California. Nogin operates under SoftwareApplication classification in the United States and is traded on NASDAQ Exchange.
Nogin Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Nogin. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Nogin position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Nogin's important profitability drivers and their relationship over time.
Use Nogin in pair-trading
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 Nogin 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 Nogin will appreciate offsetting losses from the drop in the long position's value.Nogin Pair Trading
Nogin Inc Pair Trading Analysis
The ability to find closely correlated positions to Nogin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nogin 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 Nogin - 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 Nogin Inc to buy it.
The correlation of Nogin 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 Nogin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nogin Inc 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 Nogin 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.Use Investing Themes to Complement your Nogin position
In addition to having Nogin in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Warren Buffett Holdings Thematic Idea Now
Warren Buffett Holdings
A long-term portfolio of publicly-traded stocks on US exchanges that are owned by Warren Buffett's holding company Berkshire Hathaway. The Warren Buffett Holdings theme has 45 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Warren Buffett Holdings Theme or any other thematic opportunities.
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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 price. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Other Consideration for investing in Nogin Stock
If you are still planning to invest in Nogin Inc 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 Nogin's history and understand the potential risks before investing.
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