Heska Story

<div class='circular--portrait' style='background:#FF6600;color: #FFFAFA;font-size:3em;'>HSK</div>
HSKA -- USA Stock  

USD 98.59  0.40  0.40%

It appears Heska will continue to recover much faster as its share price surged up 5.20% today. Heska's current daily volatility is 3.41 percent, with a beta of -0.29 and an alpha of 0.64 over DOW. As many investors are getting excited about pharmaceutical products, it is fair to go over Heska. We will cover the possibilities of making Heska into a steady grower in September.
Published over a month ago
View all stories for Heska | View All Stories
Is Heska (NASDAQ:HSKA) a new disruptor?
Heska currently holds roughly 191.24 M in cash with (2.19 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 20.36. On a scale of 0 to 100, Heska holds a performance score of 13. The company retains a Market Volatility (i.e. Beta) of -0.286, which attests to not very significant fluctuations relative to the market. Let's try to break down what Heska's beta means in this case. As returns on the market increase, returns on owning Heska are expected to decrease at a much lower rate. During the bear market, Heska is likely to outperform the market. Although it is vital to follow Heska current price history, it is good to be conservative about what you can do with the information regarding equity current price movements. The philosophy towards determining future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. We have found twenty-one technical indicators for Heska, which you can use to evaluate the performance of the firm. Please utilizes Heska treynor ratio, as well as the relationship between the potential upside and expected short fall to make a quick decision on whether Heska current trending patterns will revert.
Investing in Heska, just like investing in any other equity instrument, is characterized by a strong risk-return correlation. High risks mean high returns and low risk means lower expected returns. Risk management is the act of identifying and assessing the potential risk and developing strategies to minimize these risks and earn maximum possible profits while holding Heska along with other instruments in the same portfolio. Using conventional technical analysis and fundamental analysis to select individual securities into a portfolio complements risk management and adds value to overall investors' investing strategies.

How important is Heska's Liquidity

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

How Heska utilizes its cash?

To perform a cash flow analysis of Heska, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Heska is receiving and how much cash it distributes out in a given period. The Heska cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities. Heska 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 3.3 Million

Heska Correlation with Peers

Investors in Heska can reduce exposure to individual asset risk by holding a diversified portfolio of assets in addition to a long position in Heska. Diversification will allow for the same portfolio return with reduced risk. The correlation table of Heska and its peers is a two-dimensional matrix that shows the correlation coefficient between pairs of securities Heska is related in some way. The cells in the table are color-coded to highlight significantly positive and negative relationships. Each cell shows the correlation between one pair of equities and can be used to run pair trading strategies or create efficient portfolios with your current brokerage. Please check volatility of Heska for more details

Acquisition by Sveen Christopher D of 934 shares of Heska subject to Rule 16b-3

Legal trades by Heska 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:
Heska insider trading alert for grant of common stock by Sveen Christopher D, CAO & General Counsel, on 28th of September 2020. This event was filed by Heska Corp with SEC on 2020-09-28. Statement of changes in beneficial ownership - SEC Form 4 [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.

Breaking down Heska Indicators

Heska appears to be very steady, given 1 month investment horizon. Heska holds Efficiency (Sharpe) Ratio of 0.19, which attests that the entity had 0.19% of return per unit of risk over the last month. Our standpoint towards determining the volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. By evaluating Heska technical indicators you can presently evaluate if the expected return of 0.64% is justified by implied risk. Please utilize Heska Market Risk Adjusted Performance of (2.04), downside deviation of 2.71, and Risk Adjusted Performance of 0.2962 to validate if our risk estimates are consistent with your expectations.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Heska implied volatility may change after the build-up

Heska current skewness builds up over 0.9. Heska currently demonstrates below-verage downside deviation. It has Information Ratio of 0.12 and Jensen Alpha of 0.64. However, we do advice investors to further question Heska expected returns to ensure all indicators are consistent with the current outlook about its relatively low value at risk.

Our Conclusion on Heska

Whereas some other companies under the diagnostics & research industry are still a bit expensive, Heska may offer a potential longer-term growth to investors. With a relatively neutral outlook on the current economy, it is better to hold off any trading of Heska 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 Heska.

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 Achuva Shats do not own shares of Heska. Please refer to our Terms of Use for any information regarding our disclosure principles.

Would you like to provide feedback on the content of this article?

You can get in touch with us directly or send us a quick note via email to editors@macroaxis.com