NeoVolta Common Stock vs Inventory Analysis
| NEOV Stock | USD 2.81 0.02 0.71% |
NeoVolta Common financial indicator trend analysis is infinitely more than just investigating NeoVolta Common Stock recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NeoVolta Common Stock is a good investment. Please check the relationship between NeoVolta Common Common Stock and its Inventory accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NeoVolta Common Stock. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
Common Stock vs Inventory
Common Stock vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NeoVolta Common Stock Common Stock account and Inventory. At this time, the significance of the direction appears to have almost identical trend.
The correlation between NeoVolta Common's Common Stock and Inventory is 0.92. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Inventory in the same time period over historical financial statements of NeoVolta Common Stock, assuming nothing else is changed. The correlation between historical values of NeoVolta Common's Common Stock and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of NeoVolta Common Stock are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Common Stock i.e., NeoVolta Common's Common Stock and Inventory go up and down completely randomly.
Correlation Coefficient | 0.92 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Common Stock
Inventory
Most indicators from NeoVolta Common's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NeoVolta Common Stock current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NeoVolta Common Stock. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. At this time, NeoVolta Common's Selling General Administrative is fairly stable compared to the past year. Issuance Of Capital Stock is likely to climb to about 4.6 M in 2024, despite the fact that Enterprise Value Multiple is likely to grow to (42.64).
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 667.1K | 688.0K | 791.2K | 616.4K | Total Revenue | 4.5M | 3.5M | 4.0M | 4.1M |
NeoVolta Common fundamental ratios Correlations
Click cells to compare fundamentals
NeoVolta Common Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NeoVolta Common fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Current Liabilities | 25.3K | 94.2K | 1.5M | 39.5K | 45.4K | 43.1K | |
| Net Tangible Assets | 3.3M | 3.1M | 2.6M | 6.5M | 7.4M | 7.8M | |
| Retained Earnings | (2.4M) | (10.0M) | (15.8M) | (18.4M) | (16.6M) | (15.8M) | |
| Total Current Assets | 3.4M | 3.3M | 4.1M | 6.5M | 7.5M | 4.0M | |
| Common Stock | 14.4K | 19.6K | 22.0K | 33.2K | 38.1K | 40.0K | |
| Total Assets | 3.4M | 3.3M | 4.1M | 6.5M | 7.5M | 4.7M | |
| Other Current Liab | 21.6K | 40.7K | 180.8K | 39.5K | 45.4K | 64.6K | |
| Total Stockholder Equity | 3.3M | 3.1M | 2.6M | 6.5M | 7.4M | 4.3M | |
| Net Debt | (1.3M) | (406.4K) | 791.3K | (2.0M) | (2.3M) | (2.4M) | |
| Cash | 1.3M | 425.7K | 330.4K | 2.0M | 1.8M | 1.2M | |
| Cash And Short Term Investments | 1.3M | 425.7K | 330.4K | 2.0M | 1.8M | 1.2M | |
| Common Stock Shares Outstanding | 12.4M | 17.9M | 20.6M | 32.0M | 36.8M | 19.2M | |
| Liabilities And Stockholders Equity | 3.4M | 3.3M | 4.1M | 6.5M | 7.5M | 4.7M | |
| Inventory | 1.6M | 1.7M | 2.2M | 2.6M | 3.0M | 2.0M | |
| Other Current Assets | 150.0K | 45.9K | 239.0K | 96.1K | 110.5K | 132.5K | |
| Other Stockholder Equity | 5.7M | 13.2M | 18.4M | 24.9M | 28.6M | 14.8M | |
| Total Liab | 69.3K | 113.6K | 1.5M | 39.5K | 45.4K | 43.1K |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards NeoVolta Common in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, NeoVolta Common's short interest history, or implied volatility extrapolated from NeoVolta Common options trading.
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NeoVolta Common Stock. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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When running NeoVolta Common's price analysis, check to measure NeoVolta Common's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NeoVolta Common is operating at the current time. Most of NeoVolta Common's value examination focuses on studying past and present price action to predict the probability of NeoVolta Common's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NeoVolta Common's price. Additionally, you may evaluate how the addition of NeoVolta Common to your portfolios can decrease your overall portfolio volatility.
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Is NeoVolta Common's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NeoVolta Common. If investors know NeoVolta will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NeoVolta Common listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.06) | Revenue Per Share 0.094 | Quarterly Revenue Growth 0.795 | Return On Assets (0.19) | Return On Equity (0.30) |
The market value of NeoVolta Common Stock is measured differently than its book value, which is the value of NeoVolta that is recorded on the company's balance sheet. Investors also form their own opinion of NeoVolta Common's value that differs from its market value or its book value, called intrinsic value, which is NeoVolta Common's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NeoVolta Common's market value can be influenced by many factors that don't directly affect NeoVolta Common's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NeoVolta Common's value and its price as these two are different measures arrived at by different means. Investors typically determine if NeoVolta Common is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NeoVolta Common's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.