Digirad Story

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DRAD -- USA Stock  

USD 2.56  0.06  2.40%

Digirad Earnings Before Interest Taxes and Depreciation Amortization EBITDA are projected to increase significantly based on the last few years of reporting. The past year's Earnings Before Interest Taxes and Depreciation Amortization EBITDA were at 4.23 Million. The current year Average Equity is expected to grow to about 29.3 M, whereas Free Cash Flow is forecasted to decline to (4.7 M). The fundamental objective of this short story is to break down our forecasting of Digirad for shareholders. We will try to forecast Digirad outlook for September.
Published over a month ago
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Our latest forecast of Digirad (NASDAQ:DRAD)
Digirad is UNDERVALUED at 4.07 per share with modest projections ahead. About 25.0% of Digirad shares are held by institutions such as insurance companies. Insiders ownership of Digirad refers to the amount of Digirad equity owned by Digirad officers, directors, relatives of the leadership team, or anyone who has access to private information before it's made available to the public. Check out our latest analysis of Digirad, including its current ownership diagnostics.
There are currently many different techniques concerning forecasting the market as a whole as well as predicting future values of individual securities such as Digirad. Regardless of method or technology, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.

Predictive Modules for Digirad


How important is Digirad's Liquidity

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

How Digirad utilizes its cash?

To perform a cash flow analysis of Digirad, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Digirad is receiving and how much cash it distributes out in a given period. The Digirad cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities. Digirad 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 400,000

A Deeper Perspective

Digirad is displaying above-average volatility over the selected time horizon. Investors should scrutinize Digirad independently to ensure intended market timing strategies are aligned with expectations about Digirad volatility.

Returns Breakdown

Return on Assets(0.0728)
Return on Equity(0.24)
Return Capital(0.0777)
Return on Sales(0.0367)

Time to quit on of Digirad?

Latest coefficient of variation is at 1242.0. Digirad is displaying above-average volatility over the selected time horizon. Investors should scrutinize Digirad independently to ensure intended market timing strategies are aligned with expectations about Digirad volatility.

Our Conclusion on Digirad

Although many of the other players under the medical devices industry are still a bit expensive, Digirad may offer a potential longer-term growth to shareholders. With a relatively neutral outlook on the latest economy, it is better to hold off any trading of Digirad as the current risk-reward utility is not appealing enough. 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 Digirad.

About Contributor

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 Raphi Shpitalnik do not own shares of Digirad. Please refer to our Terms of Use for any information regarding our disclosure principles.

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