Harmony Piotroski F Score

This module uses fundamental data of Harmony Biosciences to approximate its Piotroski F score. Harmony Biosciences F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Harmony Biosciences Holdings. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Harmony Biosciences financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Risk vs Return Analysis.

Harmony Piotroski F Score 

 
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Harmony Biosciences Issuance Repayment of Debt Securities is fairly stable at the moment as compared to the past year. Harmony Biosciences reported Issuance Repayment of Debt Securities of 73.61 Million in 2020. Debt to Equity Ratio is likely to rise to 3.66 in 2021, whereas Total Debt is likely to drop slightly above 186.8 M in 2021.
At this time, it appears that Harmony Biosciences' Piotroski F Score is Healthy. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
5.0
Piotroski F Score - Healthy
1
Current Return On Assets
Negative
2
Change in Return on Assets
Decreased
3
Cash Flow Return on Assets
Negative
4
Current Quality of Earnings (accrual)
Improving
5
Asset Turnover Growth
Decrease
6
Current Ratio Change
Increase
7
Long Term Debt Over Assets Change
Lower Leverage
8
Change In Outstending Shares
Decrease
9
Change in Gross Margin
Increase

Harmony Biosciences Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Harmony Biosciences is to make sure Harmony is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Harmony Biosciences' 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. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Harmony Biosciences' financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares21.7 M25.8 M
Fairly Down
Increasing
Slightly volatile
Weighted Average Shares Diluted21.7 M25.8 M
Fairly Down
Increasing
Slightly volatile
Total Assets345 M427.1 M
Significantly Down
Increasing
Slightly volatile
Total Liabilities261.6 M329.9 M
Significantly Down
Increasing
Slightly volatile
Current Assets211.9 M262.9 M
Significantly Down
Increasing
Slightly volatile
Current Liabilities145.2 M134.5 M
Significantly Up
Increasing
Slightly volatile
Total Debt186.8 M194.2 M
Sufficiently Down
Increasing
Slightly volatile
Gross Margin0.890.826
Significantly Up
Increasing
Slightly volatile
Asset Turnover0.50.599
Fairly Down
Increasing
Slightly volatile

Harmony Biosciences F 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 project the various growth rates. Understanding the correlation between Harmony Biosciences' different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Harmony Biosciences in a much-optimized way.

About Harmony Biosciences Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Book Value per Share

4.07Share
Harmony Biosciences Book Value per Share is fairly stable at the moment as compared to the past year. Harmony Biosciences reported Book Value per Share of 3.77 in 2020

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Check out Risk vs Return Analysis. Note that the Harmony Biosciences information on this page should be used as a complementary analysis to other Harmony Biosciences' 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 Stock Screener module to find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

Other Tools for Harmony Stock

When running Harmony Biosciences price analysis, check to measure Harmony Biosciences' 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 Harmony Biosciences is operating at the current time. Most of Harmony Biosciences' value examination focuses on studying past and present price action to predict the probability of Harmony Biosciences' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Harmony Biosciences' price. Additionally, you may evaluate how the addition of Harmony Biosciences to your portfolios can decrease your overall portfolio volatility.
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