Elspec Stock Shares Outstanding
| ELSPC Stock | ILA 557.00 0.90 0.16% |
Elspec fundamentals help investors to digest information that contributes to Elspec's financial success or failures. It also enables traders to predict the movement of Elspec Stock. The fundamental analysis module provides a way to measure Elspec'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 Elspec stock.
Elspec |
Elspec Company Shares Outstanding Analysis
Elspec's 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 Elspec Shares Outstanding | 19.46 M |
Most of Elspec's 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, Elspec 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, Elspec has 19.46 M of shares currently outstending. This is 86.65% lower than that of the Electrical Equipment sector and significantly higher than that of the Industrials industry. The shares outstanding for all Israel stocks is 96.6% higher than that of the company.
Elspec Shares Outstanding Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Elspec's direct or indirect competition against its Shares Outstanding to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Elspec could also be used in its relative valuation, which is a method of valuing Elspec by comparing valuation metrics of similar companies.Elspec is currently under evaluation in shares outstanding category among related companies.
Elspec Fundamentals
| Return On Equity | 0.0782 | |||
| Return On Asset | 0.0359 | |||
| Profit Margin | 0.07 % | |||
| Operating Margin | 0.07 % | |||
| Current Valuation | 53.12 M | |||
| Shares Outstanding | 19.46 M | |||
| Shares Owned By Insiders | 54.86 % | |||
| Shares Owned By Institutions | 11.30 % | |||
| Price To Book | 1.00 X | |||
| Price To Sales | 0.88 X | |||
| Revenue | 64.39 M | |||
| Gross Profit | 29.25 M | |||
| EBITDA | 7.69 M | |||
| Net Income | 4.28 M | |||
| Cash And Equivalents | 31.68 M | |||
| Cash Per Share | 1.64 X | |||
| Total Debt | 2.91 M | |||
| Debt To Equity | 0.15 % | |||
| Current Ratio | 4.28 X | |||
| Book Value Per Share | 3.25 X | |||
| Cash Flow From Operations | 3 M | |||
| Earnings Per Share | 0.26 X | |||
| Number Of Employees | 120 | |||
| Beta | 0.53 | |||
| Market Capitalization | 55.03 M | |||
| Total Asset | 89.58 M | |||
| Retained Earnings | 12 M | |||
| Working Capital | 27 M | |||
| Current Asset | 56 M | |||
| Current Liabilities | 29 M | |||
| Z Score | 10.8 | |||
| Annual Yield | 0.09 % | |||
| Five Year Return | 14.27 % | |||
| Net Asset | 89.58 M |
About Elspec Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Elspec's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Elspec using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Elspec 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.
Pair Trading with Elspec
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 Elspec 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 Elspec will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Elspec could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elspec 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 Elspec - 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 Elspec to buy it.
The correlation of Elspec 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 Elspec moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elspec 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 Elspec 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elspec. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the Elspec information on this page should be used as a complementary analysis to other Elspec's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for Elspec Stock analysis
When running Elspec's price analysis, check to measure Elspec'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 Elspec is operating at the current time. Most of Elspec's value examination focuses on studying past and present price action to predict the probability of Elspec's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elspec's price. Additionally, you may evaluate how the addition of Elspec to your portfolios can decrease your overall portfolio volatility.
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