Digirad Story

<div class='circular--portrait' style='background:#347AFC;color: #ffffff;font-size:3em;'>DRA</div>
DRAD -- USA Stock  

USD 2.77  0.03  1.09%

32% of stocks are less volatile than Digirad, and 99% of all traded equity instruments are projected to make higher returns than the company over the 60 days investment horizon. While some risk-loving traders are indifferent towards current market volatility, it is reasonable to digest the risk of investing in Digirad. We will discuss why some shareholders are closely monitoring Digirad's volatility. Digirad's seemingly stabilizing volatility may still impact the value of the stock as we estimate Digirad as currently undervalued. The real value, based on our calculations, is getting close to 3.43 per share.
Published over two weeks ago
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Will Digirad (NASDAQ:DRAD) latest volatility spike continue?
Digirad currently holds about 9.14 M in cash with 81 K of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.95.
Volatility is a rate at which the price of Digirad 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 Digirad may increase or decrease. In other words, similar to Digirad's beta indicator, it measures the risk of Digirad and helps estimate the fluctuations that may happen in a short period of time. So if prices of Digirad 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 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

Digirad Volatility Drivers

Digirad unsystematic risk is unique to Digirad 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 Digirad you can also buy Dynatronics. You can also mitigate this risk by investing in the medical devices 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 Digirad 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 Digirad income statement and balance sheet. Here are more details about Digirad volatility.
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