EnVVeno Medical Book Value Per Share vs. Total Debt
| NVNO Stock | USD 2.83 0.10 3.41% |
Book Value Per Share | First Reported 2010-12-31 | Previous Quarter 3.75579221 | Current Value 3.94 | Quarterly Volatility 9.45340764 |
For EnVVeno Medical profitability analysis, we use financial ratios and fundamental drivers that measure the ability of EnVVeno Medical to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well enVVeno Medical Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between EnVVeno Medical's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of enVVeno Medical Corp over time as well as its relative position and ranking within its peers.
EnVVeno |
Is Health Care Equipment & Supplies 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 EnVVeno Medical. If investors know EnVVeno 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 EnVVeno Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.29) | Return On Assets (0.37) | Return On Equity (0.59) |
The market value of enVVeno Medical Corp is measured differently than its book value, which is the value of EnVVeno that is recorded on the company's balance sheet. Investors also form their own opinion of EnVVeno Medical's value that differs from its market value or its book value, called intrinsic value, which is EnVVeno Medical'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 EnVVeno Medical's market value can be influenced by many factors that don't directly affect EnVVeno Medical'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 EnVVeno Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if EnVVeno Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EnVVeno Medical'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.
enVVeno Medical Corp Total Debt vs. Book Value Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining EnVVeno Medical's current stock value. Our valuation model uses many indicators to compare EnVVeno Medical value to that of its competitors to determine the firm's financial worth. enVVeno Medical Corp is regarded third in book value per share category among its peers. It is rated below average in total debt category among its peers making up about 519,067 of Total Debt per Book Value Per Share. At this time, EnVVeno Medical's Book Value Per Share is very stable compared to the past year. 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 EnVVeno Medical's earnings, one of the primary drivers of an investment's value.EnVVeno Total Debt vs. Book Value Per Share
Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
EnVVeno Medical |
| = | 2.70 X |
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
EnVVeno Medical |
| = | 1.4 M |
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
EnVVeno Total Debt vs Competition
enVVeno Medical Corp is rated below average in total debt category among its peers. Total debt of Health Care industry is now estimated at about 984.35 Million. EnVVeno Medical adds roughly 1.4 Million in total debt claiming only tiny portion of equities under Health Care industry.
EnVVeno Medical Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in EnVVeno Medical, profitability is also one of the essential criteria for including it into their portfolios because, without profit, EnVVeno Medical will eventually generate negative long term returns. The profitability progress is the general direction of EnVVeno Medical's change in net profit over the period of time. It can combine multiple indicators of EnVVeno Medical, 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.
| Last Reported | Projected for Next Year | ||
| Operating Income | -25.2 M | -24 M | |
| Income Before Tax | -23.5 M | -22.3 M | |
| Total Other Income Expense Net | 1.7 M | 1.8 M | |
| Net Loss | -23.5 M | -22.3 M | |
| Income Tax Expense | -419.8 K | -398.8 K | |
| Net Interest Income | 172 K | 180.6 K | |
| Net Loss | -24 M | -22.8 M | |
| Net Loss | -22.2 M | -21.1 M | |
| Interest Income | 172 K | 110.5 K | |
| Non Operating Income Net Other | 91.8 K | 81.6 K | |
| Change To Netincome | 10.4 M | 10.9 M | |
| Net Loss | (1.91) | (2.01) | |
| Income Quality | 0.80 | 0.55 | |
| Net Income Per E B T | 0.89 | 0.75 |
EnVVeno Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on EnVVeno Medical. 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 EnVVeno Medical 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 EnVVeno Medical's important profitability drivers and their relationship over time.
Use EnVVeno Medical 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 EnVVeno Medical 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 EnVVeno Medical will appreciate offsetting losses from the drop in the long position's value.EnVVeno Medical Pair Trading
enVVeno Medical Corp Pair Trading Analysis
The ability to find closely correlated positions to EnVVeno Medical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EnVVeno Medical 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 EnVVeno Medical - 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 enVVeno Medical Corp to buy it.
The correlation of EnVVeno Medical 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 EnVVeno Medical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if enVVeno Medical 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 EnVVeno Medical 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 EnVVeno Medical position
In addition to having EnVVeno Medical 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?
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Check out Correlation Analysis. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
To fully project EnVVeno Medical's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of enVVeno Medical Corp at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include EnVVeno Medical's income statement, its balance sheet, and the statement of cash flows.