Astronova is UNDERVALUED at 16.28 per share with modest projections ahead.
Astronova secures Sharpe Ratio (or Efficiency) of -0.0105, which signifies that the company had -0.0105% of return per unit of risk over the last 3 months. Macroaxis standpoint towards foreseeing the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and
technical indicators. Astronova exposes twenty-eight different
technical indicators, which can help you to evaluate volatility that cannot be
diversified away. Please be advised to confirm Astronova
risk adjusted performance of
(0.018325), and Mean Deviation of 1.71 to double-check the risk estimate we provide.
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 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.
A Deeper look at AstroNova
Astronova reported the previous year's revenue of 117.48
M. Net Income was 6.43
M with profit before overhead, payroll, taxes, and interest of 42.04
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 150.69 percent. This implies that the company is making $1.51 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 Assets69 M | Assets Non Current46.7 M | | |
| Current Assets | 68.99 Million | 45.0 |
| Assets Non Current | 46.74 Million | 30.48 |
| Goodwill | 28.17 Million | 18.37 |
| Tax Assets | 9.41 Million | 6.14 |
Will price continue to gain in July 2022?
Newest Jensen Alpha is up to -0.06. Price may drop again. Astronova exhibits very low volatility with skewness of -1.46 and kurtosis of 12.0. However, we advise investors to further study Astronova technical indicators to make sure all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Astronova's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Astronova's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.
Astronova Implied Volatility
Astronova's implied volatility exposes the market's sentiment of Astronova stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Astronova's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Astronova stock will not fluctuate a lot when Astronova's options are near their expiration.
Whereas some other firms under the computer hardware industry are still a bit expensive, Astronova may offer a potential longer-term growth to private investors. To summarize, as of the 7th of June 2022, we see that Astronova moves indifferently to market moves. The firm is
undervalued with
low odds of financial distress within the next 24 months. Our up-to-date 90 days advice on the firm is
Strong Buy.
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Gabriel Shpitalnik is a Member of Macroaxis Editorial Board. Gabriel is a young entrepreneur and writes predominantly on the business, technology, and finance sector. He likes to analyze different equity instruments across a wide range of industries focusing primarily on consumer products and evolving technologies.
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 Gabriel Shpitalnik do not own shares of AstroNova. Please refer to our
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