Eargo, Financial Statements From 2010 to 2024
| EARDelisted Stock | USD 4.00 0.10 2.44% |
Check Eargo, financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Eargo,'s main balance sheet or income statement drivers, such as , as well as many indicators such as . Eargo, financial statements analysis is a perfect complement when working with Eargo, Valuation or Volatility modules.
Eargo, |
Eargo, Inc Company Operating Margin Analysis
Eargo,'s Operating Margin shows how much operating income a company makes on each dollar of sales. It is one of the profitability indicators which helps analysts to understand whether the firm is successful or not making money from everyday operations.
Current Eargo, Operating Margin | (2.06) % |
Most of Eargo,'s fundamental indicators, such as Operating Margin, 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, Eargo, Inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
A good Operating Margin is required for a company to be able to pay for its fixed costs or payout its debt, which implies that the higher the margin, the better. This ratio is most effective in evaluating the earning potential of a company over time when comparing it against a firm's competitors.
CompetitionBased on the recorded statements, Eargo, Inc has an Operating Margin of -2.0647%. This is 94.11% lower than that of the Health Care Equipment & Supplies sector and 94.75% lower than that of the Health Care industry. The operating margin for all United States stocks is 62.53% lower than that of the firm.
Eargo, Inc Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Eargo,'s current stock value. Our valuation model uses many indicators to compare Eargo, value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Eargo, competition to find correlations between indicators driving Eargo,'s intrinsic value. More Info.Eargo, Inc is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers . Comparative valuation analysis is a catch-all technique that is used if you cannot value Eargo, by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.About Eargo, Financial Statements
Eargo, shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although Eargo, investors may analyze each financial statement separately, they are all interrelated. The changes in Eargo,'s assets and liabilities, for example, are also reflected in the revenues and expenses on on Eargo,'s income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Eargo, Inc., a medical device company, engages in enhancing the quality of life of people with hearing loss in the United States. Eargo, Inc. was incorporated in 2010 and is headquartered in San Jose, California. Eargo operates under Medical Devices classification in the United States and is traded on NASDAQ Exchange. It employs 215 people.
Pair Trading with Eargo,
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 Eargo, 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 Eargo, will appreciate offsetting losses from the drop in the long position's value.Moving together with Eargo, Stock
| 0.71 | BKRKY | Bank Rakyat | PairCorr |
| 0.61 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.73 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.66 | PPERF | Bank Mandiri Persero | PairCorr |
Moving against Eargo, Stock
| 0.77 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.71 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.7 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.67 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.6 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
The ability to find closely correlated positions to Eargo, could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eargo, 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 Eargo, - 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 Eargo, Inc to buy it.
The correlation of Eargo, 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 Eargo, moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eargo, Inc 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 Eargo, 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 Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Other Consideration for investing in Eargo, Stock
If you are still planning to invest in Eargo, Inc check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Eargo,'s history and understand the potential risks before investing.
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