By analyzing existing forward-looking signals between Heska Corp and Agilent, 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 Agilent with a short position in Heska Corp. 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. Heska Corp has an asset utilization ratio of 235.18 percent. This suggests that the company is making $2.35 for each dollar of assets. An increasing asset utilization means that Heska Corp is more efficient with each dollar of assets it utilizes for everyday operations.
Investment perspective, in general, refers to a viewpoint or opinion regarding investment opportunity in Heska. It encompasses the assessment of an investment's potential risks and rewards, and expectations for its
performance over time. Several factors influence the investment perspective on Heska, including investment goals, risk tolerance, time horizon, market conditions, and research and analysis. Investors have varying goals, such as capital preservation, income generation, or long-term growth. Risk tolerance plays a significant role in shaping an investor's perspective, with some being more risk-averse and others willing to take on higher risks for potential returns.
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. Financial leverage can amplify the potential profits to Heska's owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of Heska's financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the
breakdown between Heska's total debt and its cash.
A Deeper Perspective On Heska
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
Now, let's check Heska Corp revenue. Based on the latest financial disclosure, Heska Corp reported 258.04
M of revenue. This is 96.62% lower than that of the Healthcare sector and 89.88% lower than that of the
Medical Devices industry. The revenue for all United States stocks is 97.27% higher than that of the firm. As for Agilent Technologies we see revenue of 6.45
B, which is 152.86% higher than that of the Medical Devices
| HSKA | 258.04 Million | 2.79 |
| Sector | 2.55 Billion | 27.55 |
| A | 6.45 Billion | 69.66 |
Possible September bounce back of Heska?
The maximum drawdown is down to 13.46 as of today. Heska Corp exhibits very low volatility with skewness of -0.51 and kurtosis of 0.43. However, we advise investors to further study Heska Corp 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 Heska Corp'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 Heska Corp'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.
Heska Corp Implied Volatility
Our Bottom Line On Heska Corp
When is the right time to buy or sell Heska Corp? Buying stocks such as Heska Corp isn't very hard. However, what challenging for most investors is doing it at the right time. Proper
market timing is something most people cannot do without
sophisticated tools, which help to isolate the right opportunities, deliver winning trades and diversify portfolios on a daily basis.
To summarize, as of the 7th of August 2022, we believe that at this point, Heska Corp is
undervalued with
low chance of financial distress within the next 2 years. Our ongoing 'Buy-Sell' recommendation on the company is
Strong Hold.
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Raphi Shpitalnik is a Junior Member of Macroaxis Editorial Board. Raphael is a young entrepreneur who joined Macroaxis on a part-time basis at the beginning of the pandemic and eventually acquired a real taste for investing and fintech. He likes to analyze different equity instruments across a wide range of industries, focusing primarily on consumer products, sports, fintech, cannabis, and AI.
View Profile 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 Heska. Please refer to our
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