Myomo Other Stockholder Equity vs Cash Analysis
MYO Stock | USD 3.41 0.06 1.73% |
Myomo financial indicator trend analysis is infinitely more than just investigating Myomo Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Myomo Inc is a good investment. Please check the relationship between Myomo Other Stockholder Equity and its Cash accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Myomo Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.
Other Stockholder Equity vs Cash
Other Stockholder Equity vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Myomo Inc Other Stockholder Equity account and Cash. At this time, the significance of the direction appears to have strong relationship.
The correlation between Myomo's Other Stockholder Equity and Cash is 0.73. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Cash in the same time period over historical financial statements of Myomo Inc, assuming nothing else is changed. The correlation between historical values of Myomo's Other Stockholder Equity and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of Myomo Inc are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Other Stockholder Equity i.e., Myomo's Other Stockholder Equity and Cash go up and down completely randomly.
Correlation Coefficient | 0.73 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Other Stockholder Equity
Cash
Cash refers to the most liquid asset of Myomo Inc, which is listed under current asset account on Myomo Inc balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Myomo customers. The amounts must be unrestricted with restricted cash listed in a different Myomo account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from Myomo's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Myomo Inc 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 Myomo Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. At this time, Myomo's Tax Provision is very stable compared to the past year. As of the 2nd of June 2024, Enterprise Value is likely to grow to about 148.6 M, while Selling General Administrative is likely to drop about 10.3 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 10.3M | 10.3M | 13.2M | 13.8M | Total Revenue | 13.9M | 15.6M | 19.2M | 20.2M |
Myomo fundamental ratios Correlations
Click cells to compare fundamentals
Myomo Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Myomo fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 6.6M | 14.7M | 20.1M | 10.2M | 14.6M | 10.4M | |
Other Current Liab | 1.7M | 2.7M | 3.0M | 48.2K | 3.9M | 4.1M | |
Total Current Liabilities | 3.9M | 2.9M | 4.3M | 3.6M | 5.5M | 3.1M | |
Total Stockholder Equity | 1.8M | 11.6M | 15.4M | 6.4M | 9.0M | 4.9M | |
Net Tangible Assets | 1.8M | 11.6M | 15.4M | 6.4M | 7.3M | 7.7M | |
Property Plant And Equipment Net | 155.0K | 263.8K | 908.2K | 703.0K | 839.3K | 881.3K | |
Net Debt | (1.8M) | (12.1M) | (14.8M) | (4.8M) | (6.3M) | (6.6M) | |
Retained Earnings | (56.1M) | (67.7M) | (78.1M) | (88.8M) | (96.9M) | (92.1M) | |
Accounts Payable | 450.1K | 180.5K | 723.4K | 3.2M | 1.1M | 889.4K | |
Cash | 4.5M | 12.2M | 15.5M | 5.3M | 6.9M | 7.5M | |
Non Current Assets Total | 449.2K | 263.8K | 908.2K | 946.5K | 930.6K | 533.7K | |
Non Currrent Assets Other | 219.2K | (263.8K) | 95.3K | 111.0K | 91.2K | 97.0K | |
Other Assets | 294.2K | 263.8K | 19.8M | 111.0K | 127.7K | 121.3K | |
Cash And Short Term Investments | 4.5M | 12.2M | 15.5M | 5.3M | 8.9M | 7.7M | |
Net Receivables | 424.3K | 924.9K | 2.0M | 1.9M | 2.4M | 2.5M | |
Common Stock Shares Outstanding | 553.8K | 3.3M | 5.8M | 7.1M | 29.5M | 31.0M | |
Liabilities And Stockholders Equity | 6.6M | 14.7M | 20.1M | 10.2M | 14.6M | 10.4M | |
Non Current Liabilities Total | 890.5K | 274.7K | 402.9K | 200.7K | 115.2K | 109.4K | |
Capital Surpluse | 58.0M | 79.3M | 93.5M | 95.1M | 109.4M | 114.8M | |
Inventory | 439.5K | 707.1K | 808.3K | 1.4M | 1.8M | 1.9M | |
Other Current Assets | 820.2K | 572.7K | 894.5K | 573.5K | 598.9K | 530.4K | |
Other Stockholder Equity | 58.0M | 79.3M | 93.5M | 95.1M | 105.8M | 58.8M | |
Total Liab | 4.8M | 3.1M | 4.7M | 3.8M | 5.6M | 4.0M | |
Total Current Assets | 6.1M | 14.4M | 19.2M | 9.2M | 13.7M | 9.9M | |
Short Term Debt | 1.8M | 18.3K | 333.4K | 353.7K | 486.1K | 562.0K | |
Common Stock | 57.0 | 457.0 | 687.0 | 775.0 | 2.7K | 2.9K | |
Property Plant Equipment | 155.0K | 95.0K | 908.2K | 703.0K | 808.5K | 848.9K | |
Deferred Long Term Liab | 44.0K | 144.6K | 219.2K | 1.5K | 1.3K | 1.3K | |
Current Deferred Revenue | 3.0K | 2.5K | 192.8K | 20.7K | 8.5K | 8.1K | |
Common Stock Total Equity | 1.1K | 1.2K | 57.0 | 457.0 | 411.3 | 477.6 | |
Property Plant And Equipment Gross | 155.0K | 263.8K | 1.3M | 703.0K | 1.6M | 1.7M | |
Cash And Equivalents | 4.5M | 12.2M | 15.5M | 5.3M | 6.1M | 9.1M | |
Net Invested Capital | 4.5M | 11.6M | 15.4M | 6.4M | 9.0M | 10.3M |
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Myomo Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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Is Myomo'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 Myomo. If investors know Myomo 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 Myomo listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.27) | Revenue Per Share 0.679 | Quarterly Revenue Growth 0.089 | Return On Assets (0.39) | Return On Equity (0.91) |
The market value of Myomo Inc is measured differently than its book value, which is the value of Myomo that is recorded on the company's balance sheet. Investors also form their own opinion of Myomo's value that differs from its market value or its book value, called intrinsic value, which is Myomo'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 Myomo's market value can be influenced by many factors that don't directly affect Myomo'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 Myomo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Myomo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Myomo'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.