Abits Group Stock Price To Sales

ABTS Stock

0.62 0.03 5.08%

Abits Group fundamentals help investors to digest information that contributes to Abits' financial success or failures. It also enables traders to predict the movement of Abits Stock. The fundamental analysis module provides a way to measure Abits' 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 Abits stock.

		Last Reported	Projected for Next Year
	Price To Sales Ratio	26.22	24.91

Price To Sales Ratio is likely to drop to 24.91 in 2024.

This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Abits Group Company Price To Sales Analysis

Abits' Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.

P/S

MV Per Share

Revenue Per Share

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Current Abits Price To Sales

4.12 X

Most of Abits' fundamental indicators, such as Price To Sales, 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, Abits Group is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Abits Price To Sales Driver Correlations

Understanding the fundamental principles of building solid financial models for Abits is extremely important. It helps to project a fair market value of Abits Stock properly, considering its historical fundamentals such as Price To Sales. Since Abits' 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 Abits' 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 Abits' interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Common Stock	Net Invested Capital	Capital Stock	Net Working Capital	Intangible Assets
Total Assets		1.0	-0.83	-0.75	-0.24	-0.9	-0.71	0.73	-0.71	0.87	1.0	0.88	0.89	-0.05
Total Stockholder Equity	1.0		-0.84	-0.75	-0.27	-0.92	-0.73	0.71	-0.73	0.87	1.0	0.89	0.89	-0.07
Net Debt	-0.83	-0.84		0.53	0.58	0.87	0.69	-0.62	0.69	-0.64	-0.83	-0.71	-0.82	-0.02
Retained Earnings	-0.75	-0.75	0.53		0.47	0.82	0.77	-0.26	0.77	-0.89	-0.79	-0.92	-0.38	0.69
Net Receivables	-0.24	-0.27	0.58	0.47		0.56	0.6	0.24	0.6	-0.42	-0.27	-0.51	-0.03	0.59
Total Liab	-0.9	-0.92	0.87	0.82	0.56		0.93	-0.49	0.93	-0.87	-0.92	-0.91	-0.73	0.3
Short Long Term Debt	-0.71	-0.73	0.69	0.77	0.6	0.93		-0.23	1.0	-0.77	-0.73	-0.82	-0.48	0.45
Total Current Assets	0.73	0.71	-0.62	-0.26	0.24	-0.49	-0.23		-0.23	0.31	0.72	0.33	0.88	0.47
Short Term Debt	-0.71	-0.73	0.69	0.77	0.6	0.93	1.0	-0.23		-0.77	-0.73	-0.82	-0.48	0.45
Common Stock	0.87	0.87	-0.64	-0.89	-0.42	-0.87	-0.77	0.31	-0.77		0.87	0.99	0.58	-0.44
Net Invested Capital	1.0	1.0	-0.83	-0.79	-0.27	-0.92	-0.73	0.72	-0.73	0.87		0.89	0.87	-0.11
Capital Stock	0.88	0.89	-0.71	-0.92	-0.51	-0.91	-0.82	0.33	-0.82	0.99	0.89		0.59	-0.47
Net Working Capital	0.89	0.89	-0.82	-0.38	-0.03	-0.73	-0.48	0.88	-0.48	0.58	0.87	0.59		0.39
Intangible Assets	-0.05	-0.07	-0.02	0.69	0.59	0.3	0.45	0.47	0.45	-0.44	-0.11	-0.47	0.39

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Abits Price To Sales Historical Pattern

Today, most investors in Abits Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Abits' 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 price to sales growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Abits price to sales as a starting point in their analysis.

Abits Price To Sales

Timeline

The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.

Competition

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Price To Sales Ratio Over Time

Abits Price To Sales Ratio

Price To Sales Ratio

24.91

At this time, Abits' Price To Sales Ratio is comparatively stable compared to the past year.

Based on the latest financial disclosure, Abits Group has a Price To Sales of 4.1197 times. This is 84.65% lower than that of the Media sector and significantly higher than that of the Communication Services industry. The price to sales for all United States stocks is 63.93% higher than that of the company.

Abits Price To Sales Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Abits' direct or indirect competition against its Price To Sales to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Abits could also be used in its relative valuation, which is a method of valuing Abits by comparing valuation metrics of similar companies.

Abits is currently under evaluation in price to sales category among its peers.

Abits Current Valuation Drivers

We derive many important indicators used in calculating different scores of Abits from analyzing Abits' financial statements. These drivers represent accounts that assess Abits' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Abits' important valuation drivers and their relationship over time.

	2019	2020	2021	2022	2023	2024 (projected)
Market Cap	78.8M	26.1M	54.2M	15.4M	44.1M	41.9M
Enterprise Value	78.9M	26.5M	51.6M	12.9M	43.2M	41.0M

Abits Fundamentals

	Return On Equity	-0.57
	Return On Asset	-0.0777
	Profit Margin	(1.70) %
	Operating Margin	(0.1) %
	Current Valuation	21.63 M
	Shares Outstanding	35.55 M
	Shares Owned By Insiders	22.87 %
	Shares Owned By Institutions	0.20 %
	Number Of Shares Shorted	352.12 K
	Price To Book	1.95 X
	Price To Sales	4.12 X
	Revenue	1.68 M
	EBITDA	(7.59 M)
	Net Income	(12.59 M)
	Total Debt	1.01 M
	Book Value Per Share	0.32 X
	Cash Flow From Operations	1.76 M
	Short Ratio	1.42 X
	Earnings Per Share	(0.26) X
	Number Of Employees	11
	Beta	2.71
	Market Capitalization	22.02 M
	Total Asset	12.32 M
	Retained Earnings	(77.89 M)
	Working Capital	652.94 K
	Net Asset	12.32 M

About Abits Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Abits Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Abits using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Abits Group 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.

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Additional Tools for Abits Stock Analysis

When running Abits' price analysis, check to measure Abits' 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 Abits is operating at the current time. Most of Abits' value examination focuses on studying past and present price action to predict the probability of Abits' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Abits' price. Additionally, you may evaluate how the addition of Abits to your portfolios can decrease your overall portfolio volatility.

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