Second Stock Analysis

EYES -  USA Stock  

USD 3.82  0.04  1.04%

The big decline in price over the last few months for Second Sight could raise concerns from retail investors as the company it trading at a share price of 3.82 on very low momentum in volume. The company executives failed to add value to investors and positioning the company supply of money to exploit market volatility in July. However, diversifying your holdings with Second Sight or any similar stocks can still protect your portfolios during high-volatility market scenarios. The stock standard deviation of daily returns for 90 days investing horizon is currently 7.32. The very high volatility is mostly attributed to the latest market swings and not very good earnings reports from some of the Second Sight partners.
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The Second Sight stock analysis report makes it easy to digest most publicly released information about Second Sight and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. Second Stock analysis module also helps to analyze the Second Sight price relationship with some important fundamental indicators such as market cap and management efficiency.

Second Stock Analysis Notes

About 36.0% of the company shares are held by company insiders. The company recorded a loss per share of 0.39. Second Sight had not issued any dividends in recent years. The entity had 1-8 split on the 6th of January 2020. Second Sight Medical Products, Inc. develops, manufactures, and markets implantable visual prosthetics that are intended to deliver artificial vision to blind individuals. The company was founded in 1998 and is headquartered in Sylmar, California. Second Sight operates under Medical Devices classification in the United States and is traded on NASDAQ Exchange. It employs 11 people. To learn more about Second Sight call Jonathan McGuire at 818 833-5000 or check out www.secondsight.com.

Second Sight Quarterly Cost of Revenue

0.0Share

Second Sight Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Second Sight's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Second Sight or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Second Sight generates negative expected return over the last 90 days
Second Sight has high historical volatility and very poor performance
Second Sight was previously known as Second Sight Medical and was traded on NASDAQ Exchange under the symbol EYESW.
The company reported the previous year's revenue of 497 K. Net Loss for the year was (8.84 M) with profit before overhead, payroll, taxes, and interest of 500 K.
Second Sight currently holds about 26.86 M in cash with (8.95 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.96.
Second Sight has a frail financial position based on the latest SEC disclosures
Roughly 36.0% of the company shares are held by company insiders
Latest headline from www.equities.com: Second Sight Medical Products falls 1.04 percent in Light Trading on July 30 - Equities.com

Second Sight Upcoming and Recent Events

Earnings reports are used by Second Sight to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Second Sight previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
Upcoming Quarterly Report12th of August 2021
Next Fiscal Quarter End30th of June 2021

Second Sight SEC Filings

SEC filings are important regulatory documents required of all public companies to provide to potential investors. Second Sight prospectus issued under the guidelines of SEC is a legal declaration of facts and statements to ensure that Second Sight investors are not misled. SEC filings are required by law to meet strict transparency standards and other important legal constraints. Although many companies may choose careful wording to disguise some material information, SEC filings make crucial Second Sight specific information freely available to individual and institutional investors to make a timely investment decision.
2nd of July 2021
Financial Statements and Exhibits. Changes in Registrant's Certifying Accountant
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28th of June 2021
Unclassified Corporate Event
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25th of June 2021
Financial Statements and Exhibits. Other Events. Entry into a Material Definitive Agreement
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23rd of June 2021
Financial Statements and Exhibits. Other Events
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21st of June 2021
Other Events
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4th of June 2021
Other Events
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3rd of June 2021
Other Events
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1st of June 2021
Financial Statements and Exhibits. Other Events. Submission of Matters to a Vote of Security Holders
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Second Sight Thematic Classifications

In addition to having Second Sight stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
Medical Equipment IdeaMedical Equipment
USA Equities from Medical Equipment industry as classified by Fama & French

Second Market Capitalization

The company currently falls under 'Small-Cap' category with current market capitalization of 106.61 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Second Sight's market, we take the total number of its shares issued and multiply it by Second Sight's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities.

Second Profitablity

Second Sight's profitability indicators refer to fundamental financial ratios that showcase Second Sight's ability to generate income relative to its revenue or operating costs. If, let's say, Second Sight is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Second Sight's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Second Sight's profitability requires more research than a typical breakdown of Second Sight's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
Last ReportedProjected for 2021
Return on Investment(753.88) (773.72) 
Return on Average Assets(3.57) (3.66) 
Return on Average Equity(93.73) (96.20) 
Return on Invested Capital 6.99  7.54 
Return on Sales(11.43) (12.33) 

Management Efficiency

The entity has return on total asset (ROA) of (31.15) % which means that it has lost $31.15 on every $100 spent on asset. This is way below average. Similarly, it shows return on stockholders equity (ROE) of (89.77) %, meaning that it created substantial loss on money invested by shareholders. Second Sight management efficiency ratios could be used to measure how well second sight manages its routine affairs as well as how well it operates its assets and liabilities. As of 08/01/2021, Return on Invested Capital is likely to grow to 7.54, while Return on Investment is likely to drop (773.72) . Second Sight Tangible Asset Value is relatively stable at the moment as compared to the past year. Second Sight reported last year Tangible Asset Value of 4.46 Million
Last ReportedProjected for 2021
Book Value per Share(0.033) (0.0339) 
Enterprise Value over EBIT(3.00) (3.24) 
Enterprise Value over EBITDA(2.77) (2.99) 
Price to Book Value(64.33) (66.03) 
Tangible Assets Book Value per Share 0.22  0.22 
Enterprise Value40.8 M41.9 M
Tangible Asset Value4.5 M4.6 M

Technical Drivers

As of the 1st of August, Second Sight has the risk adjusted performance of (0.07), and Coefficient Of Variation of (989.06). Second Sight technical analysis provides you with a way to harness past market data to determine a pattern that measures the direction of the company's future prices. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to analyze and collect data for nineteen technical drivers for Second Sight, which can be compared to its competition. Please validate Second Sight standard deviation, as well as the relationship between the maximum drawdown and expected short fall to decide if Second Sight is priced more or less accurately, providing market reflects its prevalent price of 3.82 per share. Given that Second Sight has jensen alpha of (0.65), we advise you to double-check Second Sight's current market performance to make sure the company can sustain itself at a future point.

Second Sight Price Movement Analysis

The output start index for this execution was thirty-five with a total number of output elements of twenty-six. The Mid-point Price over period is an average of Second Sight highest and lowest prices attained during the given period. View also all equity analysis or get more info about midpoint price over period overlap studies indicator.

Second Sight Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Second Sight insiders, such as employees or executives, is commonly permitted as long as it does not rely on Second Sight's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Second Sight insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

Second Sight Technical and Predictive Indicators

Second Sight Forecast Models

Second Sight time-series forecasting models is one of many Second Sight's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Second Sight's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

About Second Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Second Sight stock is reacting to, or reflecting on a current stock market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Second shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas, a specific sector, or an individual stock such as Second Sight. By using and applying Second Stock analysis, traders can create a robust methodology for identifying Second entry and exit points for their positions.
Last ReportedProjected for 2021
EBITDA Margin(11.29) (12.18) 
Gross Margin 0.42  0.45 
Profit Margin(11.43) (12.33) 
Second Sight Medical Products, Inc. develops, manufactures, and markets implantable visual prosthetics that are intended to deliver artificial vision to blind individuals. The company was founded in 1998 and is headquartered in Sylmar, California. Second Sight operates under Medical Devices classification in the United States and is traded on NASDAQ Exchange. It employs 11 people.

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As an investor, your ultimate goal is to build wealth. Optimizing your investment portfolio is an essential element in this goal. Using our stock analysis tools, you can find out how much better you can do when adding Second Sight to your portfolios without increasing risk or reducing expected return.

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Continue to Investing Opportunities. Note that the Second Sight information on this page should be used as a complementary analysis to other Second Sight'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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

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When running Second Sight price analysis, check to measure Second Sight'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 Second Sight is operating at the current time. Most of Second Sight's value examination focuses on studying past and present price action to predict the probability of Second Sight's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Second Sight's price. Additionally, you may evaluate how the addition of Second Sight to your portfolios can decrease your overall portfolio volatility.
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The market value of Second Sight is measured differently than its book value, which is the value of Second that is recorded on the company's balance sheet. Investors also form their own opinion of Second Sight's value that differs from its market value or its book value, called intrinsic value, which is Second Sight'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 Second Sight's market value can be influenced by many factors that don't directly affect Second Sight underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Second Sight's value and its price as these two are different measures arrived at by different means. Investors typically determine Second Sight value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Second Sight'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.