Apyx Medical Stock Current Ratio

APYX Stock  USD 1.36  0.05  3.55%   
Apyx Medical fundamentals help investors to digest information that contributes to Apyx Medical's financial success or failures. It also enables traders to predict the movement of Apyx Stock. The fundamental analysis module provides a way to measure Apyx Medical's 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 Apyx Medical stock.
Current Ratio is likely to drop to 3.81 in 2024.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Apyx Current Ratio Analysis

Apyx Medical's 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.

Apyx Medical Current Ratio

3.81

Current Ratio

 = 

Current Asset

Current Liabilities

More About Current Ratio | All Equity Analysis

Current Apyx Medical Current Ratio

    
  4.45 X  
Most of Apyx Medical's fundamental indicators, such as Current Ratio, 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, Apyx Medical is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Apyx Current Ratio Driver Correlations

Understanding the fundamental principles of building solid financial models for Apyx Medical is extremely important. It helps to project a fair market value of Apyx Stock properly, considering its historical fundamentals such as Current Ratio. Since Apyx Medical's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Apyx Medical's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Apyx Medical's interrelated accounts and indicators.
0.540.810.19-0.60.150.670.66-0.450.770.780.51.00.54-0.72-0.05-0.260.320.66-0.220.88-0.580.71-0.69-0.890.920.960.43
0.540.11-0.210.17-0.550.70.48-0.220.440.790.740.550.16-0.540.09-0.270.060.48-0.10.28-0.410.67-0.45-0.520.350.470.77
0.810.110.43-0.770.630.290.45-0.310.520.44-0.10.820.56-0.560.06-0.250.230.29-0.360.95-0.560.5-0.58-0.740.890.82-0.12
0.19-0.210.43-0.510.350.030.0-0.26-0.120.14-0.310.210.170.02-0.03-0.460.17-0.120.120.270.080.15-0.06-0.070.260.17-0.46
-0.60.17-0.77-0.51-0.46-0.35-0.480.19-0.63-0.320.11-0.61-0.410.51-0.160.32-0.17-0.480.22-0.720.4-0.440.460.61-0.67-0.60.2
0.15-0.550.630.35-0.46-0.49-0.270.08-0.11-0.41-0.680.160.34-0.010.09-0.06-0.12-0.4-0.230.51-0.1-0.3-0.03-0.070.420.29-0.67
0.670.70.290.03-0.35-0.490.82-0.350.770.870.710.670.25-0.670.04-0.310.240.87-0.020.41-0.420.82-0.59-0.740.460.550.62
0.660.480.450.0-0.48-0.270.82-0.30.780.790.450.660.19-0.730.11-0.140.270.87-0.190.53-0.570.83-0.66-0.820.510.560.4
-0.45-0.22-0.31-0.260.190.08-0.35-0.3-0.32-0.55-0.28-0.38-0.2-0.140.78-0.19-0.72-0.3-0.12-0.170.05-0.180.120.16-0.15-0.22-0.06
0.770.440.52-0.12-0.63-0.110.770.78-0.320.680.530.760.47-0.710.0-0.180.310.91-0.170.62-0.520.69-0.68-0.840.650.710.48
0.780.790.440.14-0.32-0.410.870.79-0.550.680.670.770.27-0.58-0.11-0.220.430.73-0.180.51-0.550.88-0.59-0.720.530.620.61
0.50.74-0.1-0.310.11-0.680.710.45-0.280.530.670.480.09-0.39-0.18-0.060.210.690.180.1-0.140.49-0.33-0.410.250.410.92
1.00.550.820.21-0.610.160.670.66-0.380.760.770.480.54-0.770.03-0.320.240.65-0.240.9-0.60.72-0.71-0.90.940.970.42
0.540.160.560.17-0.410.340.250.19-0.20.470.270.090.54-0.3-0.06-0.340.210.21-0.290.56-0.40.28-0.38-0.470.590.570.12
-0.72-0.54-0.560.020.51-0.01-0.67-0.73-0.14-0.71-0.58-0.39-0.77-0.3-0.580.490.27-0.680.29-0.760.63-0.710.710.88-0.77-0.8-0.4
-0.050.090.06-0.03-0.160.090.040.110.780.0-0.11-0.180.03-0.06-0.58-0.5-0.82-0.02-0.390.24-0.380.19-0.19-0.20.180.15-0.04
-0.26-0.27-0.25-0.460.32-0.06-0.31-0.14-0.19-0.18-0.22-0.06-0.32-0.340.49-0.50.37-0.130.08-0.340.22-0.30.050.3-0.37-0.36-0.02
0.320.060.230.17-0.17-0.120.240.27-0.720.310.430.210.240.210.27-0.820.370.30.180.060.060.32-0.17-0.20.110.10.18
0.660.480.29-0.12-0.48-0.40.870.87-0.30.910.730.690.650.21-0.68-0.02-0.130.30.060.41-0.330.72-0.61-0.770.470.560.58
-0.22-0.1-0.360.120.22-0.23-0.02-0.19-0.12-0.17-0.180.18-0.24-0.290.29-0.390.080.180.06-0.420.89-0.250.20.23-0.24-0.24-0.02
0.880.280.950.27-0.720.510.410.53-0.170.620.510.10.90.56-0.760.24-0.340.060.41-0.42-0.670.58-0.66-0.840.970.940.1
-0.58-0.41-0.560.080.4-0.1-0.42-0.570.05-0.52-0.55-0.14-0.6-0.40.63-0.380.220.06-0.330.89-0.67-0.610.50.62-0.54-0.57-0.28
0.710.670.50.15-0.44-0.30.820.83-0.180.690.880.490.720.28-0.710.19-0.30.320.72-0.250.58-0.61-0.69-0.840.60.620.56
-0.69-0.45-0.58-0.060.46-0.03-0.59-0.660.12-0.68-0.59-0.33-0.71-0.380.71-0.190.05-0.17-0.610.2-0.660.5-0.690.81-0.7-0.71-0.35
-0.89-0.52-0.74-0.070.61-0.07-0.74-0.820.16-0.84-0.72-0.41-0.9-0.470.88-0.20.3-0.2-0.770.23-0.840.62-0.840.81-0.87-0.88-0.43
0.920.350.890.26-0.670.420.460.51-0.150.650.530.250.940.59-0.770.18-0.370.110.47-0.240.97-0.540.6-0.7-0.870.980.24
0.960.470.820.17-0.60.290.550.56-0.220.710.620.410.970.57-0.80.15-0.360.10.56-0.240.94-0.570.62-0.71-0.880.980.37
0.430.77-0.12-0.460.2-0.670.620.4-0.060.480.610.920.420.12-0.4-0.04-0.020.180.58-0.020.1-0.280.56-0.35-0.430.240.37
Click cells to compare fundamentals

Apyx Current Ratio Historical Pattern

Today, most investors in Apyx Medical Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Apyx Medical's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current ratio growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Apyx Medical current ratio as a starting point in their analysis.
   Apyx Medical Current Ratio   
       Timeline  
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).
Competition

Apyx Discontinued Operations

Discontinued Operations

88.75 Million

At this time, Apyx Medical's Discontinued Operations is fairly stable compared to the past year.
In accordance with the recently published financial statements, Apyx Medical has a Current Ratio of 4.45 times. This is 52.92% higher than that of the Health Care Equipment & Supplies sector and 30.88% higher than that of the Health Care industry. The current ratio for all United States stocks is 106.02% lower than that of the firm.

Apyx Current Ratio Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Apyx Medical's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Apyx Medical could also be used in its relative valuation, which is a method of valuing Apyx Medical by comparing valuation metrics of similar companies.
Apyx Medical is currently under evaluation in current ratio category among related companies.

Apyx Fundamentals

About Apyx Medical Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Apyx Medical's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Apyx Medical using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Apyx Medical 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.
Last ReportedProjected for 2024
Current Ratio 5.52  3.81 

Pair Trading with Apyx Medical

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 Apyx 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 Apyx Medical will appreciate offsetting losses from the drop in the long position's value.

Moving against Apyx Stock

  0.86PNTG Pennant Group Financial Report 2nd of May 2024 PairCorr
  0.83SNDA Sonida Senior Living Report 4th of April 2024 PairCorr
  0.81RDNT RadNet Inc Financial Report 14th of May 2024 PairCorr
  0.79COO Cooper Companies Financial Report 6th of June 2024 PairCorr
  0.69MDGL Madrigal Pharmaceuticals Financial Report 14th of May 2024 PairCorr
The ability to find closely correlated positions to Apyx 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 Apyx 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 Apyx 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 Apyx Medical to buy it.
The correlation of Apyx 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 Apyx Medical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Apyx Medical 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 Apyx 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.
Pair CorrelationCorrelation Matching
When determining whether Apyx Medical offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Apyx Medical'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 Apyx Medical Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Apyx Medical Stock:
Check out Apyx Medical Piotroski F Score and Apyx Medical Altman Z Score analysis.
For more information on how to buy Apyx Stock please use our How to Invest in Apyx Medical guide.
You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

Complementary Tools for Apyx Stock analysis

When running Apyx Medical's price analysis, check to measure Apyx Medical'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 Apyx Medical is operating at the current time. Most of Apyx Medical's value examination focuses on studying past and present price action to predict the probability of Apyx Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Apyx Medical's price. Additionally, you may evaluate how the addition of Apyx Medical to your portfolios can decrease your overall portfolio volatility.
Money Managers
Screen money managers from public funds and ETFs managed around the world
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Top Crypto Exchanges
Search and analyze digital assets across top global cryptocurrency exchanges
Commodity Channel
Use Commodity Channel Index to analyze current equity momentum
Portfolio Optimization
Compute new portfolio that will generate highest expected return given your specified tolerance for risk
Watchlist Optimization
Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Content Syndication
Quickly integrate customizable finance content to your own investment portal
FinTech Suite
Use AI to screen and filter profitable investment opportunities
Is Apyx Medical'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 Apyx Medical. If investors know Apyx 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 Apyx 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
(0.54)
Revenue Per Share
1.512
Quarterly Revenue Growth
0.163
Return On Assets
(0.19)
Return On Equity
(0.58)
The market value of Apyx Medical is measured differently than its book value, which is the value of Apyx that is recorded on the company's balance sheet. Investors also form their own opinion of Apyx Medical's value that differs from its market value or its book value, called intrinsic value, which is Apyx 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 Apyx Medical's market value can be influenced by many factors that don't directly affect Apyx 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 Apyx Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Apyx Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Apyx 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.