Covalon Technologies Stock Book Value Per Share
| CVALF Stock | USD 0.84 0.07 9.09% |
Covalon Technologies fundamentals help investors to digest information that contributes to Covalon Technologies' financial success or failures. It also enables traders to predict the movement of Covalon OTC Stock. The fundamental analysis module provides a way to measure Covalon Technologies' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Covalon Technologies otc stock.
Covalon |
Covalon Technologies OTC Stock Book Value Per Share Analysis
Covalon Technologies' Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
More About Book Value Per Share | All Equity Analysis
Book Value per Share | = | Common EquityAverage Shares |
Current Covalon Technologies Book Value Per Share | 0.96 X |
Most of Covalon Technologies' fundamental indicators, such as Book Value Per Share, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Covalon Technologies is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
| Competition |
In accordance with the recently published financial statements, the book value per share of Covalon Technologies is about 0.958 times. This is 156.35% lower than that of the Biotechnology sector and 100.39% lower than that of the Health Care industry. The book value per share for all United States stocks is 99.95% higher than that of the company.
Covalon Book Value Per Share Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Covalon Technologies' direct or indirect competition against its Book Value Per Share to detect undervalued stocks with similar characteristics or determine the otc stocks which would be a good addition to a portfolio. Peer analysis of Covalon Technologies could also be used in its relative valuation, which is a method of valuing Covalon Technologies by comparing valuation metrics of similar companies.Covalon Technologies is currently under evaluation in book value per share category among related companies.
Covalon Fundamentals
| Return On Equity | -0.32 | |||
| Return On Asset | -0.16 | |||
| Profit Margin | (0.53) % | |||
| Operating Margin | (0.50) % | |||
| Current Valuation | 35.37 M | |||
| Shares Outstanding | 25.07 M | |||
| Shares Owned By Insiders | 56.60 % | |||
| Price To Earning | 37.95 X | |||
| Price To Book | 2.12 X | |||
| Price To Sales | 2.30 X | |||
| Revenue | 18.15 M | |||
| Gross Profit | 7.49 M | |||
| EBITDA | (8.11 M) | |||
| Net Income | (9.66 M) | |||
| Cash And Equivalents | 14.04 M | |||
| Cash Per Share | 0.55 X | |||
| Total Debt | 2.25 M | |||
| Debt To Equity | 0.08 % | |||
| Current Ratio | 10.04 X | |||
| Book Value Per Share | 0.96 X | |||
| Cash Flow From Operations | (7.99 M) | |||
| Earnings Per Share | 0.05 X | |||
| Number Of Employees | 24 | |||
| Beta | 1.19 | |||
| Market Capitalization | 41.36 M | |||
| Total Asset | 30.38 M | |||
| Z Score | 10.8 | |||
| Net Asset | 30.38 M |
About Covalon Technologies Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Covalon Technologies's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Covalon Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Covalon Technologies based on its fundamental data. In general, a quantitative approach, as applied to this otc stock, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Covalon Technologies
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Covalon Technologies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Covalon Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with Covalon OTC Stock
| 0.61 | BKRKY | Bank Rakyat | PairCorr |
| 0.77 | TLK | Telkom Indonesia Tbk | PairCorr |
Moving against Covalon OTC Stock
| 0.78 | GE | GE Aerospace Financial Report 23rd of July 2024 | PairCorr |
| 0.74 | MMM | 3M Company Financial Report 23rd of July 2024 | PairCorr |
| 0.71 | XOM | Exxon Mobil Corp Financial Report 26th of July 2024 | PairCorr |
| 0.68 | BAC | Bank of America Financial Report 16th of July 2024 | PairCorr |
| 0.55 | DD | Dupont De Nemours Report 7th of May 2024 | PairCorr |
The ability to find closely correlated positions to Covalon Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Covalon Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Covalon Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Covalon Technologies to buy it.
The correlation of Covalon Technologies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Covalon Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Covalon Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Covalon Technologies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Covalon Technologies. Also, note that the market value of any otc stock could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. 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.
Complementary Tools for Covalon OTC Stock analysis
When running Covalon Technologies' price analysis, check to measure Covalon Technologies' 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 Covalon Technologies is operating at the current time. Most of Covalon Technologies' value examination focuses on studying past and present price action to predict the probability of Covalon Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Covalon Technologies' price. Additionally, you may evaluate how the addition of Covalon Technologies to your portfolios can decrease your overall portfolio volatility.
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