AudioCodes Story

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AUDC -- USA Stock  

USD 27.79  0.14  0.50%

Given the investment horizon of 60 days, AudioCodes is expected to under-perform the market. In addition to that, the company is 2.65 times more volatile than its market benchmark. It trades about -0.08 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.07 per unit of volatility. As many adventurous traders are excited about technology space, it is only fair to go over the risk of shorting AudioCodes based on its current volatility spike. What exactly are AudioCodes shareholders getting in November? AudioCodes' low volatility may still impact the value of the stock as we estimate it as currently undervalued. The real value, based on our analysis, is getting close to 33.91 per share.
Published over three weeks ago
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Is AudioCodes (NASDAQ:AUDC) a good hedge for your existing portfolios?
AudioCodes currently holds roughly 164.81 M in cash with 23.97 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.06.
Volatility is a rate at which the price of AudioCodes or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of AudioCodes may increase or decrease. In other words, similar to AudioCodes's beta indicator, it measures the risk of AudioCodes and helps estimate the fluctuations that may happen in a short period of time. So if prices of AudioCodes fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility. Please read more on our technical analysis page.

How important is AudioCodes's Liquidity

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

How AudioCodes utilizes its cash?

To perform a cash flow analysis of AudioCodes, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash AudioCodes is receiving and how much cash it distributes out in a given period. The AudioCodes cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities. AudioCodes Net Cash Flow from Operations is projected to increase significantly based on the last few years of reporting. The past year's Net Cash Flow from Operations was at 23.17 Million

AudioCodes Volatility Drivers

AudioCodes unsystematic risk is unique to AudioCodes and usually not directly affected by the market or economic environment. An example of unsystematic risk is the possibility of poor earnings or a layoff due to coronavirus. One may mitigate nonsystematic risk by buying different securities in the same industry or by buying in different sectors. For example, if you have a position in AudioCodes you can also buy Knowles. You can also mitigate this risk by investing in the communication equipment sector as well as in companies having nothing to do with it. This type of risk is also called diversifiable risk and can be understood from analyzing AudioCodes important indicators over time. Here we run a correlation analysis between relevant fundamental ratios over at least ten year period to find a relationship in the way they react to changes in AudioCodes income statement and balance sheet. Here are more details about AudioCodes volatility.
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