Enova Financial Statements From 2010 to 2024

ENVSDelisted Stock  USD 0.0001  0.00  0.00%   
Enova Systems financial statements provide useful quarterly and yearly information to potential Enova Systems OTC investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Enova Systems financial statements helps investors assess Enova Systems' valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Enova Systems' valuation are summarized below:
Enova Systems OTC does not presently have any fundamental signals for analysis.
Check Enova Systems financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Enova main balance sheet or income statement drivers, such as , as well as many exotic indicators such as . Enova financial statements analysis is a perfect complement when working with Enova Systems Valuation or Volatility modules.
  
This module can also supplement various Enova Systems Technical models . Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.

Enova Earnings Per Share Analysis

Enova Systems' Earnings per Share (EPS) denotes the portion of a company's earnings that is allocated to each share of common stock. To calculate Earnings per Share investors will need to take a company's net income, subtract any dividends for preferred stock, and divide it by the number of average outstanding shares. EPS is usually presented in two different ways: basic and diluted. Fully diluted Earnings per Share takes into account effects of warrants, options, and convertible securities and is generally viewed by analysts as a more accurate measure.

Earnings per Share

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Current Enova Systems Earnings Per Share

    
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Most of Enova Systems' fundamental indicators, such as Earnings Per Share, 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, Enova Systems OTC is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Earnings per Share is one of the most critical measures of the firm's current share price and is used by investors to determine the overall company profitability, especially when compared to the EPS of similar companies.
Competition

According to the company disclosure, Enova Systems OTC has an Earnings Per Share of -0.009 times. This is 100.42% lower than that of the Auto Components sector and 100.51% lower than that of the Consumer Discretionary industry. The earnings per share for all United States stocks is 100.29% higher than that of the company.

Enova Systems OTC Fundamental Drivers Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Enova Systems's current stock value. Our valuation model uses many indicators to compare Enova Systems value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Enova Systems competition to find correlations between indicators driving Enova Systems's intrinsic value. More Info.
Enova Systems OTC is one of the top stocks in market capitalization category among related companies. It is one of the top stocks in price to earning category among related companies . . Comparative valuation analysis is a catch-all model that can be used if you cannot value Enova Systems by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Enova Systems' Pink Sheet . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. 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 Enova Systems' earnings, one of the primary drivers of an investment's value.

About Enova Systems Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Enova Systems income statement, its balance sheet, and the statement of cash flows. Enova Systems investors use historical funamental indicators, such as Enova Systems's revenue or net income, to determine how well the company is positioned to perform in the future. Although Enova Systems investors may use each financial statement separately, they are all related. The changes in Enova Systems's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Enova Systems's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Enova Systems Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Enova Systems. Please read more on our technical analysis and fundamental analysis pages.
Enova Systems, Inc. designs, develops, and produces drive systems and related components for electric, hybrid electric, and fuel cell systems for mobile applications in the United States, Asia, and Europe. The company was founded in 1976 and is based in Torrance, California. Enova Systems operates under Auto Parts classification in the United States and is traded on OTC Exchange. It employs 2 people.

Pair Trading with Enova Systems

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 Enova Systems 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 Enova Systems will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Enova Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enova Systems 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 Enova Systems - 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 Enova Systems OTC to buy it.
The correlation of Enova Systems 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 Enova Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enova Systems OTC 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 Enova Systems 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
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.
You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

Other Consideration for investing in Enova Pink Sheet

If you are still planning to invest in Enova Systems OTC 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 Enova Systems' history and understand the potential risks before investing.
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