Renalytix Plc Stock Beta
| RTNXF Stock | USD 0.62 0.00 0.00% |
Renalytix Plc fundamentals help investors to digest information that contributes to Renalytix Plc's financial success or failures. It also enables traders to predict the movement of Renalytix Pink Sheet. The fundamental analysis module provides a way to measure Renalytix Plc'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 Renalytix Plc pink sheet.
Renalytix |
Renalytix Plc Company Beta Analysis
Renalytix Plc's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Renalytix Plc Beta | 2.05 |
Most of Renalytix Plc's fundamental indicators, such as Beta, 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, Renalytix Plc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Renalytix Plc has a Beta of 2.052. This is 138.6% higher than that of the Healthcare sector and significantly higher than that of the Health Information Services industry. The beta for all United States stocks is notably lower than that of the firm.
Renalytix Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Renalytix Plc's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of Renalytix Plc could also be used in its relative valuation, which is a method of valuing Renalytix Plc by comparing valuation metrics of similar companies.Renalytix Plc is currently under evaluation in beta category among related companies.
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Renalytix Plc will likely underperform.
Renalytix Fundamentals
| Return On Equity | -1.2 | |||
| Return On Asset | -0.63 | |||
| Operating Margin | (15.38) % | |||
| Current Valuation | 53.6 M | |||
| Shares Outstanding | 93.61 M | |||
| Shares Owned By Insiders | 40.87 % | |||
| Shares Owned By Institutions | 10.67 % | |||
| Price To Earning | 10.53 X | |||
| Price To Book | 2.91 X | |||
| Price To Sales | 25.80 X | |||
| Revenue | 2.97 M | |||
| Gross Profit | 874 K | |||
| EBITDA | (52.81 M) | |||
| Net Income | (45.28 M) | |||
| Cash And Equivalents | 32.36 M | |||
| Cash Per Share | 0.45 X | |||
| Total Debt | 7.68 M | |||
| Debt To Equity | 0.01 % | |||
| Current Ratio | 2.48 X | |||
| Book Value Per Share | 0.25 X | |||
| Cash Flow From Operations | (45.92 M) | |||
| Earnings Per Share | (0.60) X | |||
| Number Of Employees | 102 | |||
| Beta | 2.05 | |||
| Market Capitalization | 163.83 M | |||
| Total Asset | 50.06 M | |||
| Z Score | 9.3 | |||
| Net Asset | 50.06 M |
About Renalytix Plc Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Renalytix Plc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Renalytix Plc using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Renalytix Plc 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.
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Renalytix Plc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary Tools for Renalytix Pink Sheet analysis
When running Renalytix Plc's price analysis, check to measure Renalytix Plc'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 Renalytix Plc is operating at the current time. Most of Renalytix Plc's value examination focuses on studying past and present price action to predict the probability of Renalytix Plc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Renalytix Plc's price. Additionally, you may evaluate how the addition of Renalytix Plc to your portfolios can decrease your overall portfolio volatility.
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