Elevation Oncology Stock Total Debt
| ELEV Stock | USD 2.35 0.06 2.49% |
Elevation Oncology fundamentals help investors to digest information that contributes to Elevation Oncology's financial success or failures. It also enables traders to predict the movement of Elevation Stock. The fundamental analysis module provides a way to measure Elevation Oncology's 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 Elevation Oncology stock.
Total Debt To Capitalization is likely to climb to 0.40 in 2024. Elevation | Total Debt |
Elevation Oncology Company Total Debt Analysis
Elevation Oncology's Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
Current Elevation Oncology Total Debt | 30.14 M |
Most of Elevation Oncology's fundamental indicators, such as Total Debt, 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, Elevation Oncology is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Elevation Total Debt Driver Correlations
Understanding the fundamental principles of building solid financial models for Elevation Oncology is extremely important. It helps to project a fair market value of Elevation Stock properly, considering its historical fundamentals such as Total Debt. Since Elevation Oncology's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Elevation Oncology's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Elevation Oncology's interrelated accounts and indicators.
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Elevation Total Debt Historical Pattern
Today, most investors in Elevation Oncology Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Elevation Oncology's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's total debt growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Elevation Oncology total debt as a starting point in their analysis.
Elevation Oncology Total Debt |
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In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
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Elevation Net Debt
Based on the latest financial disclosure, Elevation Oncology has a Total Debt of 30.14 M. This is 98.9% lower than that of the Biotechnology sector and 90.72% lower than that of the Health Care industry. The total debt for all United States stocks is 99.43% higher than that of the company.
Elevation Total Debt Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Elevation Oncology's direct or indirect competition against its Total Debt to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Elevation Oncology could also be used in its relative valuation, which is a method of valuing Elevation Oncology by comparing valuation metrics of similar companies.Elevation Oncology is currently under evaluation in total debt category among its peers.
Elevation Oncology ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Elevation Oncology's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Elevation Oncology's managers, analysts, and investors.Environmental | Governance | Social |
Elevation Oncology Institutional Holders
Institutional Holdings refers to the ownership stake in Elevation Oncology that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Elevation Oncology's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Elevation Oncology's value.| Shares | Hudson Bay Capital Management Lp | 2024-03-31 | 1.5 M | Palo Alto Investors, Llc | 2024-03-31 | 1.3 M | Affinity Asset Advisors, Llc | 2024-03-31 | 1.3 M | Logos Global Management Lp | 2024-03-31 | 1000 K | Orbimed Advisors, Llc | 2024-03-31 | 941.3 K | Laurion Capital Management Lp | 2024-03-31 | 888.9 K | Walleye Trading Advisors, Llc | 2024-03-31 | 786.6 K | Millennium Management Llc | 2024-03-31 | 668.6 K | Goldman Sachs Group Inc | 2024-03-31 | 551.1 K | Farallon Capital Management, L.l.c. | 2024-03-31 | 3.9 M | Point72 Asset Management, L.p. | 2024-03-31 | 3.4 M |
Elevation Fundamentals
| Return On Equity | -0.72 | ||||
| Return On Asset | -0.26 | ||||
| Current Valuation | 58.44 M | ||||
| Shares Outstanding | 54.64 M | ||||
| Shares Owned By Insiders | 0.24 % | ||||
| Shares Owned By Institutions | 91.28 % | ||||
| Number Of Shares Shorted | 5.31 M | ||||
| Price To Earning | 0.16 X | ||||
| Price To Book | 2.33 X | ||||
| EBITDA | (40.3 M) | ||||
| Net Income | (45.7 M) | ||||
| Cash And Equivalents | 122.54 M | ||||
| Cash Per Share | 5.26 X | ||||
| Total Debt | 30.14 M | ||||
| Current Ratio | 6.48 X | ||||
| Book Value Per Share | 1.47 X | ||||
| Cash Flow From Operations | (56.18 M) | ||||
| Short Ratio | 6.60 X | ||||
| Earnings Per Share | (0.85) X | ||||
| Target Price | 8.17 | ||||
| Number Of Employees | 29 | ||||
| Beta | 1.53 | ||||
| Market Capitalization | 131.68 M | ||||
| Total Asset | 89.09 M | ||||
| Retained Earnings | (195.97 M) | ||||
| Working Capital | 83.82 M | ||||
| Net Asset | 89.09 M |
About Elevation Oncology Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Elevation Oncology's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Elevation Oncology using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Elevation Oncology based on its fundamental data. In general, a quantitative approach, as applied to this company, 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 Elevation Oncology
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 Elevation Oncology 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 Elevation Oncology will appreciate offsetting losses from the drop in the long position's value.Moving together with Elevation Stock
Moving against Elevation Stock
| 0.68 | AMGN | Amgen Inc | PairCorr |
| 0.67 | NHC | National HealthCare | PairCorr |
| 0.64 | LLY | Eli Lilly | PairCorr |
| 0.61 | EHC | Encompass Health Corp | PairCorr |
| 0.61 | SEM | Select Medical Holdings | PairCorr |
The ability to find closely correlated positions to Elevation Oncology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elevation Oncology 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 Elevation Oncology - 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 Elevation Oncology to buy it.
The correlation of Elevation Oncology 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 Elevation Oncology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elevation Oncology 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 Elevation Oncology 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.Additional Tools for Elevation Stock Analysis
When running Elevation Oncology's price analysis, check to measure Elevation Oncology'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 Elevation Oncology is operating at the current time. Most of Elevation Oncology's value examination focuses on studying past and present price action to predict the probability of Elevation Oncology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elevation Oncology's price. Additionally, you may evaluate how the addition of Elevation Oncology to your portfolios can decrease your overall portfolio volatility.