Nxu Cash And Equivalents vs. Current Ratio

NXU Stock  USD 0.27  0.01  3.85%   
Based on Nxu's profitability indicators, Nxu Inc may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in January. Profitability indicators assess Nxu's ability to earn profits and add value for shareholders. Price To Sales Ratio is likely to drop to 2.06 in 2024. Days Sales Outstanding is likely to drop to 147.18 in 2024. At this time, Nxu's Total Other Income Expense Net is comparatively stable compared to the past year. Income Quality is likely to gain to 0.73 in 2024, whereas Net Loss is likely to drop (66.8 M) in 2024.
For Nxu profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Nxu to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Nxu Inc utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Nxu's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Nxu Inc over time as well as its relative position and ranking within its peers.
  
Check out Correlation Analysis.
Is Industrial Machinery & Supplies & Components 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 Nxu. If investors know Nxu 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 Nxu listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
72.45
Revenue Per Share
0.097
Return On Assets
(1.65)
Return On Equity
(6.43)
The market value of Nxu Inc is measured differently than its book value, which is the value of Nxu that is recorded on the company's balance sheet. Investors also form their own opinion of Nxu's value that differs from its market value or its book value, called intrinsic value, which is Nxu'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 Nxu's market value can be influenced by many factors that don't directly affect Nxu'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 Nxu's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nxu is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nxu'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.

Nxu Inc Current Ratio vs. Cash And Equivalents Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Nxu's current stock value. Our valuation model uses many indicators to compare Nxu value to that of its competitors to determine the firm's financial worth.
Nxu Inc is rated below average in cash and equivalents category among its peers. It is rated below average in current ratio category among its peers . The ratio of Cash And Equivalents to Current Ratio for Nxu Inc is about  949,022 . At this time, Nxu's Current Ratio is comparatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Nxu by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Nxu Current Ratio vs. Cash And Equivalents

Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.

Nxu

Cash

 = 

Bank Deposits

+

Liquidities

 = 
882.59 K
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.

Nxu

Current Ratio

 = 

Current Asset

Current Liabilities

 = 
0.93 X
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).

Nxu Current Ratio Comparison

Nxu is currently under evaluation in current ratio category among its peers.

Nxu Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Nxu, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Nxu will eventually generate negative long term returns. The profitability progress is the general direction of Nxu's change in net profit over the period of time. It can combine multiple indicators of Nxu, 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 ReportedProjected for Next Year
Net Loss-63.6 M-66.8 M
Operating Income-47.4 M-49.8 M
Income Before Tax-40.2 M-42.2 M
Total Other Income Expense Net7.2 M7.6 M
Net Loss-40.2 M-42.2 M
Income Tax Expense106 K100.7 K
Net Interest Income-75 K-71.2 K
Net Loss-55.5 M-58.3 M
Change To Netincome51 M49.7 M
Net Loss(72.16)(75.76)
Income Quality 0.70  0.73 
Net Income Per E B T 0.93  0.81 

Nxu Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Nxu. 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 Nxu 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 Nxu's important profitability drivers and their relationship over time.

Use Nxu 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 Nxu 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 Nxu will appreciate offsetting losses from the drop in the long position's value.

Nxu Pair Trading

Nxu Inc Pair Trading Analysis

The ability to find closely correlated positions to Nxu could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nxu 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 Nxu - 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 Nxu Inc to buy it.
The correlation of Nxu 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 Nxu moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nxu 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 Nxu 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Nxu position

In addition to having Nxu 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.

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Israel Wall Street
Israel Wall Street Theme
Cross-sector collection of best publicly traded Israel entities that are expected to continue growing. The Israel Wall Street theme has 71 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 Israel Wall Street Theme or any other thematic opportunities.
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Additional Tools for Nxu Stock Analysis

When running Nxu's price analysis, check to measure Nxu's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nxu is operating at the current time. Most of Nxu's value examination focuses on studying past and present price action to predict the probability of Nxu's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nxu's price. Additionally, you may evaluate how the addition of Nxu to your portfolios can decrease your overall portfolio volatility.