Alx Oncology Holdings Stock Current Liabilities
| ALXO Stock | USD 1.41 0.12 9.30% |
Alx Oncology Holdings fundamentals help investors to digest information that contributes to Alx Oncology's financial success or failures. It also enables traders to predict the movement of Alx Stock. The fundamental analysis module provides a way to measure Alx 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 Alx Oncology stock.
As of the 22nd of November 2024, Total Current Liabilities is likely to grow to about 37.8 M. Also, Non Current Liabilities Total is likely to grow to about 17.7 M. Alx | Current Liabilities |
Alx Oncology Holdings Company Current Liabilities Analysis
Alx Oncology's Current Liabilities is the company's short term debt. This usually includes obligations that are due within the next 12 months or within one fiscal year. Current liabilities are very important in analyzing a company's financial health as it requires the company to convert some of its current assets into cash.
Alx Current Liabilities Driver Correlations
Understanding the fundamental principles of building solid financial models for Alx Oncology is extremely important. It helps to project a fair market value of Alx Stock properly, considering its historical fundamentals such as Current Liabilities. Since Alx 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 Alx 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 Alx Oncology's interrelated accounts and indicators.
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Alx Current Liabilities Historical Pattern
Today, most investors in Alx Oncology Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Alx 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 current liabilities growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Alx Oncology current liabilities as a starting point in their analysis.
Alx Oncology Current Liabilities |
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Current liabilities appear on the company's balance sheet and include all short term debt accounts, accounts and notes payable, accrued liabilities as well as current payments due on the long-term loans. One of the most useful applications of Current Liabilities is the current ratio which is defined as current assets divided by its current liabilities. High current ratios mean that current assets are more than sufficient to pay off current liabilities.
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Alx Total Current Liabilities
Total Current Liabilities |
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In accordance with the recently published financial statements, Alx Oncology Holdings has a Current Liabilities of 0.0. This is 100.0% lower than that of the Biotechnology sector and 100.0% lower than that of the Health Care industry. The current liabilities for all United States stocks is 100.0% higher than that of the company.
Alx Current Liabilities Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Alx Oncology's direct or indirect competition against its Current Liabilities to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Alx Oncology could also be used in its relative valuation, which is a method of valuing Alx Oncology by comparing valuation metrics of similar companies.Alx Oncology is currently under evaluation in current liabilities category among its peers.
Alx Fundamentals
| Return On Equity | -0.99 | ||||
| Return On Asset | -0.49 | ||||
| Current Valuation | (70.7 M) | ||||
| Shares Outstanding | 52.74 M | ||||
| Shares Owned By Insiders | 1.91 % | ||||
| Shares Owned By Institutions | 92.44 % | ||||
| Number Of Shares Shorted | 7.84 M | ||||
| Price To Book | 0.50 X | ||||
| Price To Sales | 5,906 X | ||||
| Gross Profit | 107 K | ||||
| EBITDA | (158.4 M) | ||||
| Net Income | (160.81 M) | ||||
| Cash And Equivalents | 313.37 M | ||||
| Cash Per Share | 7.69 X | ||||
| Total Debt | 17.2 M | ||||
| Debt To Equity | 0.02 % | ||||
| Current Ratio | 13.23 X | ||||
| Book Value Per Share | 2.59 X | ||||
| Cash Flow From Operations | (130.36 M) | ||||
| Short Ratio | 11.81 X | ||||
| Earnings Per Share | (2.97) X | ||||
| Target Price | 9.33 | ||||
| Number Of Employees | 89 | ||||
| Beta | 1.04 | ||||
| Market Capitalization | 68.04 M | ||||
| Total Asset | 242.55 M | ||||
| Retained Earnings | (486.27 M) | ||||
| Working Capital | 152.66 M | ||||
| Net Asset | 242.55 M |
About Alx Oncology Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Alx Oncology Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Alx Oncology using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Alx Oncology Holdings 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 Alx 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 Alx 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 Alx Oncology will appreciate offsetting losses from the drop in the long position's value.Moving together with Alx Stock
| 0.77 | ME | 23Andme Holding | PairCorr |
| 0.88 | VALN | Valneva SE ADR | PairCorr |
| 0.68 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
Moving against Alx Stock
The ability to find closely correlated positions to Alx 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 Alx 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 Alx 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 Alx Oncology Holdings to buy it.
The correlation of Alx 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 Alx Oncology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alx Oncology Holdings 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 Alx 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.Check out Alx Oncology Piotroski F Score and Alx Oncology Altman Z Score analysis. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Biotechnology space 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 Alx Oncology. If investors know Alx 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 Alx Oncology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.97) | Quarterly Revenue Growth (1.00) | Return On Assets (0.49) | Return On Equity (0.99) |
The market value of Alx Oncology Holdings is measured differently than its book value, which is the value of Alx that is recorded on the company's balance sheet. Investors also form their own opinion of Alx Oncology's value that differs from its market value or its book value, called intrinsic value, which is Alx Oncology'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 Alx Oncology's market value can be influenced by many factors that don't directly affect Alx Oncology'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 Alx Oncology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alx Oncology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alx Oncology'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.