On Assignment Stock Story

ASGN
 Stock
  

USD 105.04  0.31  0.29%   

Today we may see the proof that Daqo New would recover slower from the recent decline as its shares fell 1.6% to On Assignment's 0.65%. While some of us are excited about technology space, we will evaluate how persistent are On Assignment and Daqo New fundamentals. We are going to inspect some of the competitive aspects of both On Assignment and Daqo New.
Published over a month ago
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Will Daqo New institutional investors switch to On Assignment (NYSE:ASGN)?

By analyzing existing technical and fundamental indicators between On Assignment and Daqo New, you can compare the effects of market volatilities on both companies' prices and check if they can diversify away market risk if combined in one of your portfolios. You can also utilize pair trading strategies for matching a long position in Daqo New with a short position in On Assignment. Check out our pair correlation module for more information.

Let's begin by analyzing the assets.
The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. On Assignment has an asset utilization ratio of 237.08 percent. This suggests that the company is making $2.37 for each dollar of assets. An increasing asset utilization means that On Assignment is more efficient with each dollar of assets it utilizes for everyday operations.

How important is On Assignment's Liquidity

On Assignment financial leverage refers to using borrowed capital as a funding source to finance On Assignment ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. On Assignment 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. Please check the breakdown between On Assignment's total debt and its cash.

How does On Assignment utilize its cash?

To perform a cash flow analysis of On Assignment, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash On Assignment is receiving and how much cash it distributes out in a given period. The On Assignment cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.
On Assignment Net Cash Flow from Operations is quite stable at the moment as compared to the past year. The company's current value of Net Cash Flow from Operations is estimated at 207.71 Million

Payment of 19 shares by Theodore Hanson of On Assignment subject to Rule 16b-3

Legal trades by On Assignment insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:
On Assignment insider trading alert for payment of common stock by Theodore Hanson, CEO, on 11th of July 2022. This event was filed by Asgn Inc with SEC on 2022-07-11. Statement of changes in beneficial ownership - SEC Form 4. Theodore Hanson currently serves as executive vp and president of lab support division of On Assignment [view details]   
Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

What is driving On Assignment Investor Appetite?

Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include product or services discounts, promotions, as well as early payments on invoices or services rendered in advance.

Revenue Breakdown

Let me take a closer look at On Assignment revenue. Based on the latest financial disclosure, On Assignment reported 4.19 B of revenue. This is 2.8% higher than that of the Technology sector and 50.68% lower than that of the Information Technology Services industry. The revenue for all United States stocks is 55.59% higher than that of the entity. As for Daqo New we see revenue of 2.7 B, which is 68.22% lower than that of the Information Technology Services

On Assignment4.19 Billion
Sector4.08 Billion
Daqo New2.7 Billion
4.2 B
On Assignment
4.1 B
Sector
2.7 B
Daqo New

On Assignment has 80 percent odds to go over $91 this year

On Assignment latest variance surges over 7.43. On Assignment exhibits very low volatility with skewness of 0.11 and kurtosis of -0.17. However, we advise investors to further study On Assignment 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 On Assignment'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 On Assignment'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.

On Assignment Implied Volatility

On Assignment's implied volatility exposes the market's sentiment of On Assignment stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if On Assignment'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 On Assignment stock will not fluctuate a lot when On Assignment's options are near their expiration.

Our Final Take On On Assignment

Whereas some other companies in the information technology services industry are either recovering or due for a correction, On Assignment may not be as strong as the others in terms of longer-term growth potentials. With an impartial outlook on the current market volatility, it may be better to hold off any inventment activity and neither take in nor trade any shares of On Assignment at this time. The On Assignment risk-reward trade off 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 On Assignment.

Editorial Staff

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 On Assignment. Please refer to our Terms of Use for any information regarding our disclosure principles.

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