Our trade advice tool can cross-verify current
analyst consensus on AstroNova and to analyze the company potential to grow in the current economic cycle. The company dividends can provide a clue to the current value of the stock. This firm one year expected dividend income is about $0.14 per share.
Typically, a company's
financial statements are the reports that show the
financial position of the company. There are three main documents that fall into the category of financial statements. These documents include AstroNova income statement, its balance sheet, and the statement of cash flows. Potential AstroNova investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although AstroNova investors may use each financial statement separately, they are all related. The changes in AstroNova's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on AstroNova's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our
technical analysis and
fundamental analysis pages.
The goal of AstroNova
fundamental analysis is to do accurate financial forecasts. There are several possible objectives to fundamental analysis, such as projecting of AstroNova performance into the future periods or doing a reasonable stock valuation. The intrinsic value of AstroNova shares is the value that is considered the true value of the share. If
the intrinsic value of AstroNova is higher than its market price, buying is generally recommended. If it is equal to the market price, it is recommended to hold; and if it is less than the market price, then one should sell all shares AstroNova. Please read more on our
fundamental analysis page.
How effective is AstroNova in utilizing its assets?
AstroNova reports assets on its Balance Sheet. It represents the amount of AstroNova resources that either has an existing economic value or will provide some form of benefits in the future. By effectively utilizing its assets, AstroNova aims to generate revenue, control costs, drive operational efficiency, and enhance profitability. Optimizing asset utilization helps maximize shareholder value and maintain a competitive position in the Technology Hardware, Storage & Peripherals space. To get a better handle on how balance sheet or income statements item affect AstroNova volatility, please check the breakdown of all its
fundamentals.
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.
A Deeper look at AstroNova
The newest price gain of AstroNova could raise concerns from private investors as the firm it trading at a share price of
11.75 on
61,900 in volume. The company executives may have good odds in positioning the firm resources to exploit market volatility in
January. The stock standard deviation of daily returns for 30 days investing horizon is currently 3.06. The above-average risk is mostly attributed to market volatility and speculations regarding some of the upcoming earning calls from AstroNova partners.
| 2017 | 2018 | 2019 | 2020 (projected) |
Current Assets | 62.95 M | 62.61 M | 60.15 M | 65.76 M | Total Assets | 122.31 M | 118.98 M | 116.66 M | 111.31 M |
Asset Utilization
The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. AstroNova has an asset utilization ratio of 156.97 percent. This implies that the company is making $1.57 for each dollar of assets. An increasing asset utilization means that AstroNova is more efficient with each dollar of assets it utilizes for everyday operations.
| Current Assets65.8 M | Assets Non Current45.6 M | Goodwill40.4 M | |
| Current Assets | 65.76 Million | 42.17 |
| Assets Non Current | 45.55 Million | 29.21 |
| Goodwill | 40.37 Million | 25.89 |
| Tax Assets | 4.25 Million | 2.72 |
Will AstroNova price drop impact its balance sheet?
The variance is down to 9.4 as of today. AstroNova currently demonstrates below-verage downside deviation. It has Information Ratio of 0.26 and Jensen Alpha of 0.83. However, we do advice investors to further question AstroNova expected returns to ensure all indicators are consistent with the current outlook about its relatively low value at risk.
Our Final Takeaway
Whereas many other companies under the computer hardware industry are still a bit expensive, AstroNova may offer a potential longer-term growth to private investors. While some private investors may not share our view, we believe it may be a good time to increase your existing holdings in AstroNova as the risk-reward trade off is appealing enough to hold a position. 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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Vlad Skutelnik is a Macroaxis Contributor. Vlad covers stocks, funds, cryptocurrencies, and ETFs that are traded in North America, focusing primarily on fundamentals, valuation and market volatility. He has many years of experience in fintech, predictive investment analytics, and risk management.
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 Vlad Skutelnik do not own shares of AstroNova. Please refer to our
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