Aditxt Inc Stock Beneish M Score

ADTX Stock  USD 3.47  0.01  0.29%   
This module uses fundamental data of Aditxt to approximate the value of its Beneish M Score. Aditxt M Score tells investors if the company management is likely to be manipulating earnings. The score is calculated using eight financial indicators that are adjusted by a specific multiplier. Please note, the M Score is a probabilistic model and cannot detect companies that manipulate their earnings with 100% accuracy. Check out Aditxt Piotroski F Score and Aditxt Altman Z Score analysis.
  
At this time, Aditxt's Debt Non Current is fairly stable as compared to the past year. Debt to Equity Ratio is likely to rise to 1.32 in 2024, whereas Total Debt is likely to drop slightly above 3.2 M in 2024. At this time, Aditxt's Book Value per Share is fairly stable as compared to the past year. Current Ratio is likely to rise to 2.29 in 2024, whereas Earnings per Basic Share is likely to drop (739.02) in 2024.
At this time, it appears that Aditxt Inc is an unlikely manipulator. The earnings manipulation may begin if Aditxt's top management creates an artificial sense of financial success, forcing the stock price to be traded at a high price-earnings multiple than it should be. In general, excessive earnings management by Aditxt executives may lead to removing some of the operating profits from subsequent periods to inflate earnings in the following periods. This way, the manipulation of Aditxt's earnings can lead to misrepresentations of actual financial condition, taking the otherwise loyal stakeholders on to the path of questionable ethical practices and plain fraud.
-7.94
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables

1.02

Focus
Asset Quality

-8.17

Focus
Expense Coverage

1.07

Focus
Gross Margin Strengs

1.13

Focus
Accruals Factor

1.07

Focus
Depreciation Resistance

1.11

Focus
Net Sales Growth

0.81

Focus
Financial Leverage Condition

0.94

Focus

Aditxt Beneish M-Score Indicator Trends

The cure to earnings manipulation is the transparency of financial reporting. It will typically remove the temptation of the top executives to inflate earnings (i.e., to promote the idea of 'winning at any cost'). Because a healthy internal audit department can enhance transparency, the board should promote the auditors' access to all the record-keeping systems across the enterprise. For example, if Aditxt's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back.
Current ValueLast YearChange From Last Year 10 Year Trend
Selling General and Administrative Expense17.6 M20.5 M
Fairly Down
Slightly volatile
Revenues865.8 K1.1 M
Significantly Down
Slightly volatile
Trade and Non Trade Receivables498.4 K607.2 K
Significantly Down
Slightly volatile
Property Plant and Equipment NetM6.3 M
Notably Down
Slightly volatile
Liabilities Non Current2.2 M2.2 M
Fairly Up
Slightly volatile
Current Liabilities3.7 M4.2 M
Fairly Down
Slightly volatile
Total Liabilities5.5 M6.4 M
Fairly Down
Slightly volatile
Investments Current447.4 K450 K
Slightly Down
Slightly volatile
Investments447.4 K450 K
Slightly Down
Slightly volatile
Gross Margin0.180.16
Moderately Up
Slightly volatile
Depreciation Amortization and Accretion523.2 K616.4 K
Fairly Down
Slightly volatile
Debt Non Current2.2 M2.2 M
Fairly Up
Slightly volatile
Debt Current1.4 M1.7 M
Fairly Down
Slightly volatile
Total Debt3.2 M3.9 M
Significantly Down
Slightly volatile
Assets Non Current5.9 M6.9 M
Fairly Down
Slightly volatile
Current Assets5.8 M5.5 M
Notably Up
Slightly volatile
Total Assets11.2 M12.3 M
Moderately Down
Slightly volatile

Aditxt Inc Beneish M-Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to detect the potential manipulation of earnings. Understanding the correlation between Aditxt's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Aditxt in a much-optimized way. Analyzing correlations between earnings drivers directly associated with dollar figures is the most effective way to find Aditxt's degree of accounting gimmicks and manipulations.

About Aditxt Beneish M Score

M-Score is one of many grading techniques for value stocks. It was developed by Professor M. Daniel Beneish of the Kelley School of Business at Indiana University and published in 1999 under the paper titled The Detection of Earnings Manipulation. The Beneish score is a multi-factor model that utilizes financial identifiers to compile eight variables used to classify whether a company has manipulated its reported earnings. The variables are built from the officially filed financial statements to create a final score call 'M Score.' The score helps to identify companies that are likely to manipulate their profits if they show deteriorating gross margins, operating expenses, and leverage against growing revenue.

Depreciation Amortization and Accretion

523,177

At this time, Aditxt's Depreciation Amortization and Accretion is fairly stable as compared to the past year.

Aditxt Earnings Manipulation Drivers

Although earnings manipulation is typically not the result of intentional misconduct by the c-level executives, it is still a widespread practice by the senior management of public companies such as Aditxt. It is usually done by a series of misrepresentations of various accounting rules and operating activities across multiple financial cycles. The best way to spot the manipulation is to examine the historical financial statement to find inconsistencies in earning reports to find trends in assets or liabilities that are not sustainable in the future.
201920202021202220232024 (projected)
Total Assets123.5K13.1M16.7M10.7M12.3M11.2M
Current Assets4.1K11.0M9.4M4.7M5.5M5.8M
Selling General and Administrative Expense5.7M7.9M22.4M17.8M20.5M17.6M
Total Liabilities3.0M2.1M6.5M5.5M6.4M5.5M
Current Liabilities3.0M1.2M3.6M3.6M4.2M3.7M
Total Debt165.6K1.8M4.7M3.4M3.9M3.2M
Debt Current165.6K978.8K1.8M1.5M1.7M1.4M
Operating Income(5.9M)(8.9M)(41.9M)(25.5M)(22.9M)(24.7M)
Net Cash Flow from Operations(464.4K)(7.2M)(22.3M)(22.4M)(20.2M)(20.7M)

About Aditxt Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Aditxt Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Aditxt using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Aditxt Inc based on its fundamental data. In general, a quantitative approach, as applied to this company, 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.
Aditxt, Inc., a biotech company, develops technologies focuses on improving the health of the immune system through immune mapping and reprogramming. Aditxt, Inc. was incorporated in 2017 and is headquartered in Richmond, Virginia. Aditxt operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange. It employs 58 people.

Pair Trading with Aditxt

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 Aditxt 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 Aditxt will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Aditxt could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aditxt 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 Aditxt - 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 Aditxt Inc to buy it.
The correlation of Aditxt is a statistical measure of how it moves in relation to other equities. 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 Aditxt moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aditxt 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 Aditxt 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
When determining whether Aditxt Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Aditxt's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Aditxt Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Aditxt Inc Stock:
Check out Aditxt Piotroski F Score and Aditxt Altman Z Score analysis.
You can also try the CEOs Directory module to screen CEOs from public companies around the world.

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When running Aditxt's price analysis, check to measure Aditxt'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 Aditxt is operating at the current time. Most of Aditxt's value examination focuses on studying past and present price action to predict the probability of Aditxt's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aditxt's price. Additionally, you may evaluate how the addition of Aditxt to your portfolios can decrease your overall portfolio volatility.
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Is Aditxt's industry 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 Aditxt. If investors know Aditxt 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 Aditxt listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Aditxt Inc is measured differently than its book value, which is the value of Aditxt that is recorded on the company's balance sheet. Investors also form their own opinion of Aditxt's value that differs from its market value or its book value, called intrinsic value, which is Aditxt'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 Aditxt's market value can be influenced by many factors that don't directly affect Aditxt'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 Aditxt's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aditxt is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aditxt'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.