PEDEVCO Common Stock Shares Outstanding vs Cash And Short Term Investments Analysis
| PED Stock | USD 0.92 0.01 1.10% |
PEDEVCO Corp financial indicator trend analysis is much more than just breaking down PEDEVCO Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether PEDEVCO Corp is a good investment. Please check the relationship between PEDEVCO Corp Common Stock Shares Outstanding and its Cash And Short Term Investments accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PEDEVCO Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. For information on how to trade PEDEVCO Stock refer to our How to Trade PEDEVCO Stock guide.
Common Stock Shares Outstanding vs Cash And Short Term Investments
Common Stock Shares Outstanding vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of PEDEVCO Corp Common Stock Shares Outstanding account and Cash And Short Term Investments. At this time, the significance of the direction appears to have very strong relationship.
The correlation between PEDEVCO Corp's Common Stock Shares Outstanding and Cash And Short Term Investments is 0.87. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of PEDEVCO Corp, assuming nothing else is changed. The correlation between historical values of PEDEVCO Corp's Common Stock Shares Outstanding and Cash And Short Term Investments 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 Shares Outstanding of PEDEVCO Corp are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Common Stock Shares Outstanding i.e., PEDEVCO Corp's Common Stock Shares Outstanding and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.87 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of PEDEVCO Corp balance sheet. This account contains PEDEVCO Corp investments that will expire within one year. These investments include stocks and bonds that can be liquidated by PEDEVCO Corp fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from PEDEVCO Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into PEDEVCO Corp 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in PEDEVCO Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. For information on how to trade PEDEVCO Stock refer to our How to Trade PEDEVCO Stock guide.At present, PEDEVCO Corp's Enterprise Value Multiple is projected to decrease significantly based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 76.7 M, whereas Issuance Of Capital Stock is projected to grow to (14.2 K).
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1K | 214K | 246.1K | 233.8K | Depreciation And Amortization | 7.5M | 11.5M | 11.0M | 11.5M |
PEDEVCO Corp fundamental ratios Correlations
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PEDEVCO Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
PEDEVCO Corp fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 122.9M | 79.6M | 98.2M | 116.1M | 120.1M | 126.1M | |
| Short Long Term Debt Total | 397K | 670K | 195K | 81K | 316K | 300.2K | |
| Other Current Liab | 3.0M | 1.4M | 2.4M | 15.3M | 12.2M | 12.8M | |
| Total Current Liabilities | 15.2M | 2.0M | 5.2M | 17.0M | 18.9M | 19.8M | |
| Total Stockholder Equity | 105.5M | 75.6M | 91.5M | 96.5M | 98.8M | 103.7M | |
| Property Plant And Equipment Net | 92.2M | 67.3M | 66.6M | 80.2M | 91.9M | 96.5M | |
| Net Debt | (22.0M) | (7.4M) | (25.7M) | (29.3M) | (18.2M) | (17.3M) | |
| Retained Earnings | (95.6M) | (128.3M) | (129.6M) | (126.7M) | (126.5M) | (120.2M) | |
| Cash | 22.4M | 8.0M | 25.9M | 29.4M | 18.5M | 19.4M | |
| Non Current Assets Total | 95.8M | 70.8M | 70.2M | 84.0M | 95.5M | 100.2M | |
| Non Currrent Assets Other | 238K | 301K | 246K | 236K | 243K | 230.9K | |
| Cash And Short Term Investments | 22.4M | 8.0M | 25.9M | 29.4M | 18.5M | 19.4M | |
| Common Stock Total Equity | 16K | 71K | 72K | 84K | 75.6K | 49.6K | |
| Common Stock Shares Outstanding | 51.2M | 72.2M | 80.0M | 85.5M | 87.0M | 91.4M | |
| Liabilities And Stockholders Equity | 122.9M | 79.6M | 98.2M | 116.1M | 120.1M | 126.1M | |
| Non Current Liabilities Total | 2.2M | 2.0M | 1.6M | 2.7M | 2.4M | 2.3M | |
| Other Stockholder Equity | 201.0M | 203.9M | 221.0M | 223.1M | 225.2M | 236.4M | |
| Total Liab | 17.4M | 3.9M | 6.7M | 19.7M | 21.3M | 22.3M | |
| Property Plant And Equipment Gross | 92.2M | 67.3M | 154.9M | 80.2M | 199.0M | 208.9M | |
| Total Current Assets | 27.1M | 8.8M | 28.0M | 32.1M | 24.6M | 25.8M | |
| Short Term Debt | 97K | 393K | 114K | 81K | 89K | 84.6K | |
| Common Stock | 71K | 72K | 84K | 86K | 87K | 51.4K | |
| Accounts Payable | 12.1M | 212K | 2.6M | 1.6M | 6.6M | 6.9M | |
| Other Current Assets | 73K | 66K | 326K | 249K | 260K | 247K | |
| Other Liab | 1.9M | 1.7M | 1.5M | 2.7M | 3.1M | 1.7M | |
| Property Plant Equipment | 92.2M | 67.3M | 66.6M | 80.2M | 92.3M | 55.2M | |
| Net Tangible Assets | 105.5M | 75.6M | 91.5M | 96.5M | 110.9M | 116.5M | |
| Other Assets | 238K | 3.6M | 3.5M | 3.8M | 3.4M | 2.3M | |
| Retained Earnings Total Equity | (84.5M) | (95.6M) | (128.3M) | (129.6M) | (116.6M) | (122.5M) | |
| Capital Surpluse | 201.0M | 203.9M | 221.0M | 223.1M | 256.6M | 149.5M | |
| Non Current Liabilities Other | 19.6M | 41.3M | 2.2M | 1.9M | 2.1M | 2.0M | |
| Net Invested Capital | 105.5M | 76.0M | 91.5M | 96.5M | 98.8M | 87.0M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether PEDEVCO Corp is a strong investment it is important to analyze PEDEVCO Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact PEDEVCO Corp's future performance. For an informed investment choice regarding PEDEVCO Stock, refer to the following important reports:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PEDEVCO Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. For information on how to trade PEDEVCO Stock refer to our How to Trade PEDEVCO Stock guide.Note that the PEDEVCO Corp information on this page should be used as a complementary analysis to other PEDEVCO Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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Is PEDEVCO Corp'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 PEDEVCO Corp. If investors know PEDEVCO 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 PEDEVCO Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.56) | Earnings Share (0.01) | Revenue Per Share 0.351 | Quarterly Revenue Growth (0.01) | Return On Assets 0.0168 |
The market value of PEDEVCO Corp is measured differently than its book value, which is the value of PEDEVCO that is recorded on the company's balance sheet. Investors also form their own opinion of PEDEVCO Corp's value that differs from its market value or its book value, called intrinsic value, which is PEDEVCO Corp'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 PEDEVCO Corp's market value can be influenced by many factors that don't directly affect PEDEVCO Corp'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 PEDEVCO Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if PEDEVCO Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PEDEVCO Corp'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.