Covalon Technologies Stock Shares Outstanding
CVALF Stock | USD 0.77 0.03 3.75% |
Covalon Technologies fundamentals help investors to digest information that contributes to Covalon Technologies' financial success or failures. It also enables traders to predict the movement of Covalon OTC Stock. The fundamental analysis module provides a way to measure Covalon Technologies' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Covalon Technologies otc stock.
Covalon |
Covalon Technologies OTC Stock Shares Outstanding Analysis
Covalon Technologies' Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Current Covalon Technologies Shares Outstanding | 25.07 M |
Most of Covalon Technologies' fundamental indicators, such as Shares Outstanding, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Covalon Technologies is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Competition |
Based on the latest financial disclosure, Covalon Technologies has 25.07 M of shares currently outstending. This is 86.11% lower than that of the Biotechnology sector and 76.54% lower than that of the Health Care industry. The shares outstanding for all United States stocks is 95.62% higher than that of the company.
Covalon Shares Outstanding Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Covalon Technologies' direct or indirect competition against its Shares Outstanding to detect undervalued stocks with similar characteristics or determine the otc stocks which would be a good addition to a portfolio. Peer analysis of Covalon Technologies could also be used in its relative valuation, which is a method of valuing Covalon Technologies by comparing valuation metrics of similar companies.Covalon Technologies is currently under evaluation in shares outstanding category among related companies.
Covalon Fundamentals
Return On Equity | -0.32 | |||
Return On Asset | -0.16 | |||
Profit Margin | (0.53) % | |||
Operating Margin | (0.50) % | |||
Current Valuation | 35.37 M | |||
Shares Outstanding | 25.07 M | |||
Shares Owned By Insiders | 56.60 % | |||
Price To Earning | 37.95 X | |||
Price To Book | 2.12 X | |||
Price To Sales | 2.30 X | |||
Revenue | 18.15 M | |||
Gross Profit | 7.49 M | |||
EBITDA | (8.11 M) | |||
Net Income | (9.66 M) | |||
Cash And Equivalents | 14.04 M | |||
Cash Per Share | 0.55 X | |||
Total Debt | 2.25 M | |||
Debt To Equity | 0.08 % | |||
Current Ratio | 10.04 X | |||
Book Value Per Share | 0.96 X | |||
Cash Flow From Operations | (7.99 M) | |||
Earnings Per Share | 0.05 X | |||
Number Of Employees | 24 | |||
Beta | 1.19 | |||
Market Capitalization | 41.36 M | |||
Total Asset | 30.38 M | |||
Z Score | 10.8 | |||
Net Asset | 30.38 M |
About Covalon Technologies Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Covalon Technologies's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Covalon Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Covalon Technologies based on its fundamental data. In general, a quantitative approach, as applied to this otc stock, 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.
Please read more on our fundamental analysis page.
Pair Trading with Covalon Technologies
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 Covalon Technologies 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 Covalon Technologies will appreciate offsetting losses from the drop in the long position's value.Moving against Covalon OTC Stock
0.52 | MMM | 3M Company Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Covalon Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Covalon Technologies 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 Covalon Technologies - 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 Covalon Technologies to buy it.
The correlation of Covalon Technologies 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 Covalon Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Covalon Technologies 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 Covalon Technologies 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Covalon Technologies. Also, note that the market value of any otc stock could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Complementary Tools for Covalon OTC Stock analysis
When running Covalon Technologies' price analysis, check to measure Covalon Technologies' 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 Covalon Technologies is operating at the current time. Most of Covalon Technologies' value examination focuses on studying past and present price action to predict the probability of Covalon Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Covalon Technologies' price. Additionally, you may evaluate how the addition of Covalon Technologies to your portfolios can decrease your overall portfolio volatility.
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