Notable Labs Stock Today

NTBL Stock   1.27  0.01  0.79%   

Performance

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Odds Of Distress

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Notable Labs is selling for 1.27 as of the 23rd of February 2024. This is a 0.79 percent increase since the beginning of the trading day. The stock's lowest day price was 1.25. Notable Labs has a very high chance of experiencing financial distress in the next few years of operation. It has also generated negative returns for investors over the last 90 days. Notable Labs symbol was changed from VBLT on 17th of October 2023. Equity ratings for Notable Labs are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of February 2023 and ending today, the 23rd of February 2024. Please note, there could be an existing legal relationship between Notable Labs (NTBL) and Vascular Biogenics (VBLT). Click here to learn more.
Business Domain
Pharmaceuticals, Biotechnology & Life Sciences
IPO Date
17th of October 2023
Category
Healthcare
Classification
Health Care
Notable Labs is entity of United States. It is traded as Stock on NASDAQ exchange. The company has 9 M outstanding shares of which 143.05 K shares are now shorted by private and institutional investors with about 0.73 trading days to cover. More on Notable Labs

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Notable Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Notable Labs' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Notable Labs or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Older SymbolVBLT
Related EntityVBLT (Vascular Biogenics)
CEO DirectorMD MBA
SEC FilingsNotable Labs Security & Exchange Commission EDGAR Reports
Business ConcentrationBiotechnology, Pharmaceuticals, Biotechnology & Life Sciences, Health Care, NASDAQ Composite, NASDAQ Health Care, Health Care, Biotechnology, Biotechnology, Healthcare (View all Sectors)
Average Analyst Recommendation
Analysts covering Notable Labs report their recommendations after researching Notable Labs' financial statements, talking to executives and customers, or listening in on Notable Labs' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Notable Labs. The Notable consensus assessment is calculated by taking the average forecast from all of the analysts covering Notable Labs.
Financial Strength
Based on the key indicators related to Notable Labs' liquidity, profitability, solvency, and operating efficiency, Notable Labs is not in a good financial situation at this time. It has a very high odds of going through financial crisis in March. Financial strength of Notable Labs is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Shares Diluted2.7 M2.5 M
Significantly Up
Slightly volatile
Weighted Shares2.7 M2.5 M
Significantly Up
Slightly volatile
Current Liabilities7.6 M7.7 M
Fairly Down
Slightly volatile
Total LiabilitiesM6.5 M
Fairly Up
Slightly volatile
Gross Margin0.680.76
Moderately Down
Slightly volatile
Total Debt521 K507.6 K
Fairly Up
Slightly volatile
Asset Turnover0.01480.0144
Fairly Up
Slightly volatile
Current Assets36.1 M25.5 M
Significantly Up
Slightly volatile
Total Assets43.9 M34.1 M
Significantly Up
Slightly volatile
Notable Labs' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Notable Labs' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Notable Labs' financial leverage. It provides some insight into what part of Notable Labs' total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Notable Labs' books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Notable Labs deploys its capital and how much of that capital is borrowed.
Liquidity
Notable Labs cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. Debt can assist Notable Labs until it has trouble settling it off, either with new capital or with free cash flow. So, Notable Labs' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Notable Labs sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Notable to invest in growth at high rates of return. When we think about Notable Labs' use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

(29.18 Million)
Notable Labs (NTBL) is traded on NASDAQ Exchange in USA. It is located in 320 Hatch Drive, Foster City, CA, United States, 94404 and employs 5 people. Notable Labs was previously known as Vascular Biogenics and was traded on NASDAQ Exchange under the symbol VBLT. Notable Labs is listed under Biotechnology category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 11.7 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Notable Labs's market, we take the total number of its shares issued and multiply it by Notable Labs'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 those looking for more risk prefer small-cap and mid-cap equities. Notable Labs conducts business under Biotechnology sector and is part of Health Care industry. The entity has 9 M outstanding shares of which 143.05 K shares are now shorted by private and institutional investors with about 0.73 trading days to cover. Notable Labs generates negative cash flow from operations
Check Notable Labs Probability Of Bankruptcy
Ownership Allocation
Notable Labs holds a total of 9 Million outstanding shares. Notable Labs secures 7.12 % of its outstanding shares held by insiders and 3.17 % owned by institutional investors. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Notable Ownership Details

Notable Stock Price Odds Analysis

Proceeding from a normal probability distribution, the odds of Notable Labs jumping above the current price in 90 days from now is about 79.26%. The Notable Labs probability density function shows the probability of Notable Labs stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Notable Labs has a beta of 0.5614. This indicates as returns on the market go up, Notable Labs average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Notable Labs will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Notable Labs is significantly underperforming NYSE Composite.
  Odds Below 1.27HorizonTargetOdds Above 1.27
20.69%90 days
 1.27 
79.26%
Based on a normal probability distribution, the odds of Notable Labs to move above the current price in 90 days from now is about 79.26 (This Notable Labs probability density function shows the probability of Notable Stock to fall within a particular range of prices over 90 days) .

Notable Labs Historical Income Statement

Notable Labs Income Statement is one of the three primary financial statements used for reporting Notable's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Notable Labs revenue and expense. Notable Labs Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Notable Labs' Selling General and Administrative Expense is quite stable as compared to the past year. Weighted Average Shares is expected to rise to about 2.7 M this year, although the value of Earning Before Interest and Taxes EBIT will most likely fall to (31.3 M). View More Fundamentals

Notable Stock Against Markets

Picking the right benchmark for Notable Labs stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Notable Labs stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Notable Labs is critical whether you are bullish or bearish towards Notable Labs at a given time. Please also check how Notable Labs' historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Notable Labs without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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How to buy Notable Stock?

Before investing in Notable Labs, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Notable Labs. To buy Notable Labs stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Notable Labs. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Notable Labs stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Notable Labs stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Notable Labs stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Notable Labs, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Notable Stock please use our How to Invest in Notable Labs guide.

Already Invested in Notable Labs?

The danger of trading Notable Labs is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Notable Labs is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Notable Labs. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Notable Labs is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Notable Labs is a strong investment it is important to analyze Notable Labs' 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 Notable Labs' future performance. For an informed investment choice regarding Notable Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Notable Labs. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
For more information on how to buy Notable Stock please use our How to buy in Notable Stock guide.
Note that the Notable Labs information on this page should be used as a complementary analysis to other Notable Labs' 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 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 Notable Labs' price analysis, check to measure Notable Labs' 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 Notable Labs is operating at the current time. Most of Notable Labs' value examination focuses on studying past and present price action to predict the probability of Notable Labs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Notable Labs' price. Additionally, you may evaluate how the addition of Notable Labs to your portfolios can decrease your overall portfolio volatility.
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Is Notable Labs' 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 Notable Labs. If investors know Notable 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 Notable Labs listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.61)
Revenue Per Share
0.009
The market value of Notable Labs is measured differently than its book value, which is the value of Notable that is recorded on the company's balance sheet. Investors also form their own opinion of Notable Labs' value that differs from its market value or its book value, called intrinsic value, which is Notable Labs' 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 Notable Labs' market value can be influenced by many factors that don't directly affect Notable Labs' 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 Notable Labs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Notable Labs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Notable Labs' 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.