Vivani Medical Stock Piotroski F Score

VANI Stock  USD 1.92  0.10  4.95%   
This module uses fundamental data of Vivani Medical to approximate its Piotroski F score. Vivani Medical F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Vivani Medical. 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 Vivani Medical financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Vivani Medical Altman Z Score, Vivani Medical Correlation, Vivani Medical Valuation, as well as analyze Vivani Medical Alpha and Beta and Vivani Medical Hype Analysis.
For more detail on how to invest in Vivani Stock please use our How to Invest in Vivani Medical guide.
  
As of now, Vivani Medical's Debt To Assets are decreasing as compared to previous years. The Vivani Medical's current Long Term Debt To Capitalization is estimated to increase to 0.85, while Short Term Debt is projected to decrease to under 903.3 K. As of now, Vivani Medical's PB Ratio is increasing as compared to previous years. The Vivani Medical's current Days Of Inventory On Hand is estimated to increase to 300.73, while Price To Sales Ratio is projected to decrease to 28.23.
At this time, it appears that Vivani Medical's Piotroski F Score is Poor. 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..
4.0
Piotroski F Score - Poor
Current Return On Assets

Negative

Focus
Change in Return on Assets

Decreased

Focus
Cash Flow Return on Assets

Negative

Focus
Current Quality of Earnings (accrual)

Improving

Focus
Asset Turnover Growth

Increase

Focus
Current Ratio Change

Decrease

Focus
Long Term Debt Over Assets Change

N/A

Focus
Change In Outstending Shares

Increase

Focus
Change in Gross Margin

Increase

Focus

Vivani Medical Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Vivani Medical is to make sure Vivani is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Vivani Medical's 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 Vivani Medical's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.230.18
Significantly Up
Pretty Stable
Total Current LiabilitiesM5.7 M
Sufficiently Up
Pretty Stable
Non Current Liabilities Total20.3 M19.3 M
Sufficiently Up
Very volatile
Total Assets23.7 M45.8 M
Way Down
Slightly volatile
Total Current Assets19.6 M23.1 M
Fairly Down
Pretty Stable

Vivani Medical 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 Vivani Medical's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Vivani Medical in a much-optimized way.

About Vivani Medical 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

0.39

As of now, Vivani Medical's Book Value Per Share is decreasing as compared to previous years.

About Vivani Medical Fundamental Analysis

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

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Vivani Medical offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Vivani 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 Vivani Medical Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Vivani Medical Stock:
Check out Vivani Medical Altman Z Score, Vivani Medical Correlation, Vivani Medical Valuation, as well as analyze Vivani Medical Alpha and Beta and Vivani Medical Hype Analysis.
For more detail on how to invest in Vivani Stock please use our How to Invest in Vivani Medical guide.
You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.

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When running Vivani Medical's price analysis, check to measure Vivani 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 Vivani Medical is operating at the current time. Most of Vivani Medical's value examination focuses on studying past and present price action to predict the probability of Vivani 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 Vivani Medical's price. Additionally, you may evaluate how the addition of Vivani Medical to your portfolios can decrease your overall portfolio volatility.
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Is Vivani 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 Vivani Medical. If investors know Vivani 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 Vivani 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
(0.50)
Return On Assets
(0.35)
Return On Equity
(0.79)
The market value of Vivani Medical is measured differently than its book value, which is the value of Vivani that is recorded on the company's balance sheet. Investors also form their own opinion of Vivani Medical's value that differs from its market value or its book value, called intrinsic value, which is Vivani 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 Vivani Medical's market value can be influenced by many factors that don't directly affect Vivani 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 Vivani Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vivani Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vivani 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.