Based on the key measurements obtained from Elevation Oncology's financial statements, Elevation Oncology is not in a good financial situation at this time. It has a very high odds of going through financial crisis in December. At this time, Elevation Oncology's Accumulated Other Comprehensive Income is fairly stable compared to the past year. Intangible Assets is likely to climb to 69.03 in 2024, whereas Net Tangible Assets are likely to drop slightly above 44.2 M in 2024. Key indicators impacting Elevation Oncology's financial strength include:
Investors should never underestimate Elevation Oncology's ability to pay suppliers on time, ensure interest payments are not accumulating, and correctly time where and how to reinvest extra cash. Individual investors need to monitor Elevation Oncology's cash flow, debt, and profitability to make informed and accurate decisions about investing in Elevation Oncology.
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(47.99 Million)
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Understanding current and past Elevation Oncology Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Elevation Oncology's financial statements are interrelated, with each one affecting the others. For example, an increase in Elevation Oncology's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in Elevation Oncology's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Elevation Oncology. Check Elevation Oncology's Beneish M Score to see the likelihood of Elevation Oncology's management manipulating its earnings.
Elevation Oncology Stock Summary
Elevation Oncology competes with Ocean Biomedical, Zura Bio, Enveric Biosciences, and Hepion Pharmaceuticals. Elevation Oncology, Inc., a clinical-stage biopharmaceutical company, focuses on developing therapeutics for the treatment of cancer in genomically defined patient populations in the United States. Elevation Oncology, Inc. was incorporated in 2019 and is based in New York, New York. Elevation Oncology operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange. It employs 40 people.
Specialization
Health Care, Pharmaceuticals, Biotechnology & Life Sciences
Comparative valuation techniques use various fundamental indicators to help in determining Elevation Oncology's current stock value. Our valuation model uses many indicators to compare Elevation Oncology value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Elevation Oncology competition to find correlations between indicators driving Elevation Oncology's intrinsic value. More Info.
Elevation Oncology is rated # 3 in return on equity category among its peers. It is rated # 2 in return on asset category among its peers . At this time, Elevation Oncology's Return On Equity is fairly stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Elevation Oncology 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.
Elevation Oncology Systematic Risk
Elevation Oncology's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Elevation Oncology volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on Elevation Oncology correlated with the market. If Beta is less than 0 Elevation Oncology generally moves in the opposite direction as compared to the market. If Elevation Oncology Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Elevation Oncology is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Elevation Oncology is generally in the same direction as the market. If Beta > 1 Elevation Oncology moves generally in the same direction as, but more than the movement of the benchmark.
Elevation Oncology Thematic Clasifications
Elevation Oncology is part of Pharmaceutical Products investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. USA Equities from Pharmaceutical Products industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions
This theme covers USA Equities from Pharmaceutical Products industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions. Get More Thematic Ideas
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 decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Elevation Oncology growth as a starting point in their analysis.
Elevation Oncology November 24, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Elevation Oncology help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Elevation Oncology. We use our internally-developed statistical techniques to arrive at the intrinsic value of Elevation Oncology based on widely used predictive technical indicators. In general, we focus on analyzing Elevation Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Elevation Oncology's daily price indicators and compare them against related drivers.
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.