This firm's average rating is Hold from 1 analysts. Do analysts base this consensus on technical analyses? We know that typical technical analysis utilizes price momentum, patterns, and trends looking at historical prices. It aims to identify signals based on AstroNova market sentiment investors' perception of the future value of AstroNova. Let us look at a few aspects of AstroNova technical analysis. About
61.0% of the company shares are held by institutions such as insurance companies. AstroNova has price-to-book (P/B) ratio of 0.68. Some equities with similar Price to Book (P/B) outperform the market in the long run. The entity had
5:4 split on the 3rd of July 2006.
Using predictive
technical analysis, we can analyze different prices and returns patterns and
diagnose historical swings to determine the real value of AstroNova. In general, sophisticated investors focus on analyzing AstroNova stock price patterns and their correlations with different microeconomic environment and drivers. They apply predictive analytics to build AstroNova's daily price indicators and compare them against related drivers such as
momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional
technical analysis and
fundamental analysis, we attempt to find the most accurate representation of
AstroNova's intrinsic value. In addition to deriving basic predictive indicators for AstroNova, many experienced traders also check how macroeconomic factors affect AstroNova price patterns. Please read more on our
technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed
many market ups and downs, anticipate that the market will even out over time. This tendency of AstroNova's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as AstroNova. Your research has to be compared to or analyzed against AstroNova's peers to derive any actionable benefits. When done correctly, AstroNova's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in AstroNova.
How important is AstroNova's Liquidity
AstroNova
financial leverage refers to using borrowed capital as a funding source to finance AstroNova ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. AstroNova financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Financial leverage can amplify the potential profits to AstroNova's owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of AstroNova's financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the
breakdown between AstroNova's total debt and its cash.
AstroNova Gross Profit
AstroNova Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing AstroNova previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show AstroNova Gross Profit growth over the last 10 years. Please check AstroNova's
gross profit and other
fundamental indicators for more details.
Closer look at AstroNova Standard Deviation
AstroNova has current Standard Deviation of 4.02. The Standard Deviation is a measure of how spread out the prices or returns of an asset are on average. It is the most widely used risk indicator in the field of investing and finance. Standard Deviation is commonly used to measure confidence in statistical conclusions regarding certain equity instruments or portfolios of equities.
Standard deviation is applied to the annual rate of return of an investment to measure the investment's volatility. Standard deviation is also known as historical volatility and is used by investors as a gauge for the amount of expected market volatility. A large standard deviation usually indicates that the data points are far from the mean and a small standard deviation indicates that they are clustered closely around the mean.
Standard Deviation | = | SQRT(V) |
| = | 4.02 |
Let's now compare AstroNova Standard Deviation to its closest peers:
| ALOT | 4.016986674017615 |
| EXEO | 5.14 |
| INVE | 6.2 |
| OSS | 6.98 |
| KTCC | 5.93 |
Our perspective of the newest AstroNova gain
AstroNova sortino ratio is up to 0.0. As of the 9th of September, AstroNova shows the Mean Deviation of 2.63,
downside deviation of 3.44, and Risk Adjusted Performance of 0.0172. AstroNova
technical analysis gives you the methodology to make use of
historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of
historical prices and volume momentum, or the prices will eventually revert. We were able to break down and interpolate data for nineteen
technical drivers for AstroNova, which can be compared to its rivals. Please confirm
AstroNova variance,
value at risk, as well as the
relationship between the Value At Risk and
skewness to decide if AstroNova is priced correctly, providing market reflects its regular price of 6.93 per share. Given that AstroNova has
jensen alpha of
(0.001542), we suggest you to validate AstroNova's prevailing market performance to make sure the company can sustain itself at a future point.
Our Final Takeaway
Whereas other entities in the computer hardware industry are either recovering or due for a correction, AstroNova may not be performing as strong as the other in terms of long-term growth potentials. While some private investors may not share our view we believe that the current risk-reward utility is not appealing enough to do any trading. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to AstroNova.
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Rifka Kats is a Member of Macroaxis Editorial Board. Rifka writes about retail product and service companies from the perspective of a regular consumer and sophisticated investor at the same time. She is passionate about corporate ethics and equality in the workforce.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Rifka Kats do not own shares of AstroNova. Please refer to our
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