Accelerate Diagnostics Stock Beta
| AXDX Stock | USD 1.64 0.03 1.80% |
Accelerate Diagnostics fundamentals help investors to digest information that contributes to Accelerate Diagnostics' financial success or failures. It also enables traders to predict the movement of Accelerate Stock. The fundamental analysis module provides a way to measure Accelerate Diagnostics' 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 Accelerate Diagnostics stock.
Accelerate | Beta |
Accelerate Diagnostics Company Beta Analysis
Accelerate Diagnostics' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Accelerate Diagnostics Beta | 0.6 |
Most of Accelerate Diagnostics' fundamental indicators, such as Beta, 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, Accelerate Diagnostics is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Accelerate Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Accelerate Diagnostics is extremely important. It helps to project a fair market value of Accelerate Stock properly, considering its historical fundamentals such as Beta. Since Accelerate Diagnostics' 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 Accelerate Diagnostics' 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 Accelerate Diagnostics' interrelated accounts and indicators.
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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Accelerate Diagnostics has a Beta of 0.598. This is 30.47% lower than that of the Life Sciences Tools & Services sector and 42.5% lower than that of the Health Care industry. The beta for all United States stocks is notably lower than that of the firm.
Accelerate Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Accelerate Diagnostics' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Accelerate Diagnostics could also be used in its relative valuation, which is a method of valuing Accelerate Diagnostics by comparing valuation metrics of similar companies.Accelerate Diagnostics is currently under evaluation in beta category among its peers.
Accelerate Diagnostics Institutional Holders
Institutional Holdings refers to the ownership stake in Accelerate Diagnostics that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Accelerate Diagnostics' 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 Accelerate Diagnostics' value.| Shares | State Street Corp | 2024-06-30 | 20.4 K | Ironwood Wealth Management, Llc | 2024-09-30 | 20.3 K | Millennium Management Llc | 2024-06-30 | 19.6 K | Tudor Investment Corp Et Al | 2024-06-30 | 14.1 K | Tejara Capital Ltd | 2024-06-30 | 13.6 K | Group One Trading, Lp | 2024-06-30 | 13.4 K | Hanson Mcclain Inc | 2024-09-30 | 10.4 K | Thompson Investment Management Llc | 2024-09-30 | 10.4 K | Virtu Financial Llc | 2024-06-30 | 10.4 K | Armistice Capital, Llc | 2024-06-30 | 1.6 M | Hovey Youngman Associates Inc | 2024-09-30 | 1.2 M |
As returns on the market increase, Accelerate Diagnostics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Accelerate Diagnostics is expected to be smaller as well.
Accelerate Fundamentals
| Return On Asset | -0.76 | ||||
| Operating Margin | (2.88) % | ||||
| Current Valuation | 80.64 M | ||||
| Shares Outstanding | 25.04 M | ||||
| Shares Owned By Insiders | 40.60 % | ||||
| Shares Owned By Institutions | 17.45 % | ||||
| Number Of Shares Shorted | 510.51 K | ||||
| Price To Earning | (15.18) X | ||||
| Price To Sales | 3.42 X | ||||
| Revenue | 12.06 M | ||||
| Gross Profit | 3.3 M | ||||
| EBITDA | (49.77 M) | ||||
| Net Income | (61.62 M) | ||||
| Cash And Equivalents | 36.77 M | ||||
| Cash Per Share | 0.45 X | ||||
| Total Debt | 39.22 M | ||||
| Debt To Equity | 2.76 % | ||||
| Current Ratio | 4.48 X | ||||
| Book Value Per Share | (1.36) X | ||||
| Cash Flow From Operations | (40.2 M) | ||||
| Short Ratio | 7.77 X | ||||
| Earnings Per Share | (2.59) X | ||||
| Price To Earnings To Growth | (0.55) X | ||||
| Target Price | 1.5 | ||||
| Number Of Employees | 134 | ||||
| Beta | 0.6 | ||||
| Market Capitalization | 41.82 M | ||||
| Total Asset | 31.37 M | ||||
| Retained Earnings | (668.86 M) | ||||
| Working Capital | 12.43 M | ||||
| Current Asset | 91.68 M | ||||
| Current Liabilities | 4.45 M | ||||
| Net Asset | 31.37 M |
About Accelerate Diagnostics Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Accelerate Diagnostics's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Accelerate Diagnostics using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Accelerate Diagnostics 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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When running Accelerate Diagnostics' price analysis, check to measure Accelerate Diagnostics' 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 Accelerate Diagnostics is operating at the current time. Most of Accelerate Diagnostics' value examination focuses on studying past and present price action to predict the probability of Accelerate Diagnostics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Accelerate Diagnostics' price. Additionally, you may evaluate how the addition of Accelerate Diagnostics to your portfolios can decrease your overall portfolio volatility.