Electrocore Llc Stock Fundamentals
| ECOR Stock | USD 5.64 0.05 0.89% |
Electrocore LLC fundamentals help investors to digest information that contributes to Electrocore LLC's financial success or failures. It also enables traders to predict the movement of Electrocore Stock. The fundamental analysis module provides a way to measure Electrocore LLC'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 Electrocore LLC stock.
At this time, Electrocore LLC's Total Operating Expenses is relatively stable compared to the past year. As of 04/19/2024, Reconciled Depreciation is likely to grow to about 927.1 K, while Interest Expense is likely to drop slightly above 245.4 K. Electrocore | Select Account or Indicator |
Electrocore LLC Company Operating Margin Analysis
Electrocore LLC's Operating Margin shows how much operating income a company makes on each dollar of sales. It is one of the profitability indicators which helps analysts to understand whether the firm is successful or not making money from everyday operations.
Current Electrocore LLC Operating Margin | (0.76) % |
Most of Electrocore LLC's fundamental indicators, such as Operating Margin, 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, Electrocore LLC is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
A good Operating Margin is required for a company to be able to pay for its fixed costs or payout its debt, which implies that the higher the margin, the better. This ratio is most effective in evaluating the earning potential of a company over time when comparing it against a firm's competitors.
| Competition |
Electrocore Pretax Profit Margin
Pretax Profit Margin |
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Based on the recorded statements, Electrocore LLC has an Operating Margin of -0.7588%. This is 97.84% lower than that of the Health Care Equipment & Supplies sector and 98.07% lower than that of the Health Care industry. The operating margin for all United States stocks is 86.23% lower than that of the firm.
Electrocore LLC Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Electrocore LLC's current stock value. Our valuation model uses many indicators to compare Electrocore LLC value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Electrocore LLC competition to find correlations between indicators driving Electrocore LLC's intrinsic value. More Info.Electrocore LLC is rated below average in return on equity category among related companies. It is rated below average in return on asset category among related companies . At this time, Electrocore LLC's Return On Equity is relatively stable compared to the past year.Comparative valuation analysis is a catch-all model that can be used if you cannot value Electrocore LLC by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Electrocore LLC's Stock. 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 Electrocore LLC's earnings, one of the primary drivers of an investment's value.Electrocore Operating Margin Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Electrocore LLC's direct or indirect competition against its Operating Margin to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Electrocore LLC could also be used in its relative valuation, which is a method of valuing Electrocore LLC by comparing valuation metrics of similar companies.Electrocore LLC is currently under evaluation in operating margin category among related companies.
Electrocore LLC Current Valuation Drivers
We derive many important indicators used in calculating different scores of Electrocore LLC from analyzing Electrocore LLC's financial statements. These drivers represent accounts that assess Electrocore LLC's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Electrocore LLC's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 46.7M | 60.8M | 34.5M | 18.3M | 21.0M | 19.9M | |
| Enterprise Value | 35.2M | 59.6M | 552.8K | 1.2M | 1.4M | 1.4M |
Electrocore Fundamentals
| Return On Equity | -1.54 | ||||
| Return On Asset | -0.58 | ||||
| Profit Margin | (1.17) % | ||||
| Operating Margin | (0.76) % | ||||
| Current Valuation | 24.15 M | ||||
| Shares Outstanding | 6 M | ||||
| Shares Owned By Insiders | 18.51 % | ||||
| Shares Owned By Institutions | 16.59 % | ||||
| Number Of Shares Shorted | 10.07 K | ||||
| Price To Earning | (4.71) X | ||||
| Price To Book | 4.63 X | ||||
| Price To Sales | 2.15 X | ||||
| Revenue | 16.03 M | ||||
| Gross Profit | 7.21 M | ||||
| EBITDA | (17.55 M) | ||||
| Net Income | (18.83 M) | ||||
| Cash And Equivalents | 26.33 M | ||||
| Cash Per Share | 0.37 X | ||||
| Total Debt | 626 K | ||||
| Debt To Equity | 0.03 % | ||||
| Current Ratio | 5.16 X | ||||
| Book Value Per Share | 1.24 X | ||||
| Cash Flow From Operations | (14.67 M) | ||||
| Short Ratio | 0.89 X | ||||
| Earnings Per Share | (3.42) X | ||||
| Target Price | 23.1 | ||||
| Number Of Employees | 68 | ||||
| Beta | 0.93 | ||||
| Market Capitalization | 33.85 M | ||||
| Total Asset | 16.39 M | ||||
| Retained Earnings | (165.2 M) | ||||
| Working Capital | 6.17 M | ||||
| Current Asset | 21.97 M | ||||
| Current Liabilities | 5.85 M | ||||
| Net Asset | 16.39 M |
About Electrocore LLC Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Electrocore LLC's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Electrocore LLC using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Electrocore LLC 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 Reported | Projected for Next Year | ||
| Current Deferred Revenue | 245 K | 218.3 K | |
| Total Revenue | 16 M | 16.8 M | |
| Cost Of Revenue | 2.8 M | 2.9 M | |
| Stock Based Compensation To Revenue | 0.11 | 0.10 | |
| Sales General And Administrative To Revenue | 38.52 | 34.24 | |
| Research And Ddevelopement To Revenue | 0.33 | 0.32 | |
| Capex To Revenue | (0.01) | (0.01) | |
| Revenue Per Share | 2.91 | 3.05 | |
| Ebit Per Revenue | (1.17) | (1.23) |
Pair Trading with Electrocore LLC
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 Electrocore LLC 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 Electrocore LLC will appreciate offsetting losses from the drop in the long position's value.Moving together with Electrocore Stock
| 0.85 | EMBC | Embecta Corp Financial Report 10th of May 2024 | PairCorr |
| 0.71 | AHG | Akso Health Group | PairCorr |
Moving against Electrocore Stock
| 0.82 | GCTK | GlucoTrack | PairCorr |
| 0.61 | ELMD | Electromed | PairCorr |
| 0.51 | ALC | Alcon AG Financial Report 14th of May 2024 | PairCorr |
| 0.5 | BAX | Baxter International Financial Report 25th of April 2024 | PairCorr |
| 0.46 | FEMY | Femasys Financial Report 9th of May 2024 | PairCorr |
The ability to find closely correlated positions to Electrocore LLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Electrocore LLC 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 Electrocore LLC - 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 Electrocore LLC to buy it.
The correlation of Electrocore LLC 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 Electrocore LLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Electrocore LLC 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 Electrocore LLC 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 Electrocore LLC Piotroski F Score and Electrocore LLC Altman Z Score analysis. To learn how to invest in Electrocore Stock, please use our How to Invest in Electrocore LLC guide.You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Complementary Tools for Electrocore Stock analysis
When running Electrocore LLC's price analysis, check to measure Electrocore LLC'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 Electrocore LLC is operating at the current time. Most of Electrocore LLC's value examination focuses on studying past and present price action to predict the probability of Electrocore LLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Electrocore LLC's price. Additionally, you may evaluate how the addition of Electrocore LLC to your portfolios can decrease your overall portfolio volatility.
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Is Electrocore LLC'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 Electrocore LLC. If investors know Electrocore 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 Electrocore LLC listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.42) | Revenue Per Share 2.907 | Quarterly Revenue Growth 1.028 | Return On Assets (0.58) | Return On Equity (1.54) |
The market value of Electrocore LLC is measured differently than its book value, which is the value of Electrocore that is recorded on the company's balance sheet. Investors also form their own opinion of Electrocore LLC's value that differs from its market value or its book value, called intrinsic value, which is Electrocore LLC'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 Electrocore LLC's market value can be influenced by many factors that don't directly affect Electrocore LLC'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 Electrocore LLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if Electrocore LLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Electrocore LLC'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.