Sharps Story

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SMED -- USA Stock  

USD 7.19  0.77  9.67%

The basic objective of this story is to give shareholders our perspective on Sharps for September. We will forecast Sharps Compliance value for shareholders.
Published over three weeks ago
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Are Sharps (NASDAQ:SMED) shareholders starting to hold back?
The company has a beta of -0.1555. Let's try to break down what Sharps's beta means in this case. As returns on the market increase, returns on owning Sharps Compliance are expected to decrease at a much lower rate. During the bear market, Sharps Compliance is likely to outperform the market. The beta indicator helps investors understand whether Sharps Compliance moves in the same direction as the rest of the market, and how volatile (i.e., risky) it is compared to the market (i.e., selected benchmark). In other words, if Sharps deviates very little from the market, it does not add much risk to the portfolio, but it also doesn't increase the expected returns.
There are currently many different techniques concerning forecasting the market as a whole as well as predicting future values of individual securities such as Sharps Compliance Corp. 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 Sharps Compliance

How important is Sharps Compliance's Liquidity

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

How Sharps utilizes its cash?

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

Going after Sharps Financials

The latest price surge of Sharps Compliance created some momentum for shareholders as it was traded today as low as 7.62 and as high as 8.56 per share. The company directors and management may have good odds in positioning the company resources to exploit market volatility in September. The stock standard deviation of daily returns for 30 days investing horizon is currently 3.6. The above-average risk is mostly attributed to market volatility and speculations regarding some of the upcoming earning calls from Sharps Compliance Corp partners.

Does Sharps Compliance have cash to continue?

Sharps Compliance latest risk adjusted performance ascents over 0.22. Sharps Compliance Corp shows above-average downside volatility for the selected time horizon. We advise investors to inspect Sharps Compliance Corp further and ensure that all market timing and asset allocation strategies are consistent with the estimation of Sharps Compliance future alpha.

Our Conclusion on Sharps Compliance

Although some other firms within the waste management industry are still a little expensive, even after the recent corrections, Sharps Compliance may offer a potential longer-term growth to shareholders. While some next week oriented shareholders may not share our view, we believe it may not be a good time to buy new shares of Sharps.

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 Sharps Compliance Corp. Please refer to our Terms of Use for any information regarding our disclosure principles.

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