Evio Inc Stock Fundamentals
| EVIO Stock | USD 0.0001 0.00 0.00% |
EVIO Inc fundamentals help investors to digest information that contributes to EVIO's financial success or failures. It also enables traders to predict the movement of EVIO Pink Sheet. The fundamental analysis module provides a way to measure EVIO'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 EVIO pink sheet.
EVIO |
EVIO Inc Company Current Valuation Analysis
EVIO's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Current EVIO Current Valuation | 268.89 K |
Most of EVIO's fundamental indicators, such as Current Valuation, 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, EVIO Inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, EVIO Inc has a Current Valuation of 268.89 K. This is 100.0% lower than that of the Healthcare sector and significantly higher than that of the Drug Manufacturers—Specialty & Generic industry. The current valuation for all United States stocks is 100.0% higher than that of the company.
EVIO Inc Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining EVIO's current stock value. Our valuation model uses many indicators to compare EVIO value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across EVIO competition to find correlations between indicators driving EVIO's intrinsic value. More Info.EVIO Inc is one of the top stocks in return on asset category among its peers. It is rated # 2 in profit margin category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value EVIO by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for EVIO's Pink Sheet. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.EVIO Current Valuation Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses EVIO's direct or indirect competition against its Current Valuation to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of EVIO could also be used in its relative valuation, which is a method of valuing EVIO by comparing valuation metrics of similar companies.EVIO is currently under evaluation in current valuation category among its peers.
EVIO Fundamentals
| Return On Asset | -0.36 | |||
| Profit Margin | (0.41) % | |||
| Operating Margin | (1.60) % | |||
| Current Valuation | 268.89 K | |||
| Shares Outstanding | 2.69 B | |||
| Shares Owned By Insiders | 0.02 % | |||
| Price To Sales | 0.11 X | |||
| Revenue | 2.36 M | |||
| Gross Profit | 1.21 M | |||
| EBITDA | (2.9 M) | |||
| Net Income | (965 K) | |||
| Cash And Equivalents | 71.4 K | |||
| Total Debt | 13.24 M | |||
| Debt To Equity | 431.50 % | |||
| Current Ratio | 0.04 X | |||
| Book Value Per Share | (0) X | |||
| Cash Flow From Operations | 129 K | |||
| Earnings Per Share | (0) X | |||
| Target Price | 1.75 | |||
| Number Of Employees | 18 | |||
| Beta | 32.64 | |||
| Market Capitalization | 268.9 K |
About EVIO Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze EVIO Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of EVIO using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of EVIO Inc 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.EVIO, Inc., together with its subsidiaries, provides analytical testing and advisory services to cannabis industry in the United States. It also offers various testing services comprise cannabinoid potency testing, terpene analysis, pesticide testing, residual solvent screening, visual inspections, biological contaminant testing, and other services. Evio operates under Drug ManufacturersSpecialty Generic classification in the United States and is traded on OTC Exchange. It employs 18 people.
Pair Trading with EVIO
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 EVIO 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 EVIO will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to EVIO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EVIO 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 EVIO - 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 EVIO Inc to buy it.
The correlation of EVIO 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 EVIO moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EVIO 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 EVIO 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.Other Information on Investing in EVIO Pink Sheet
EVIO financial ratios help investors to determine whether EVIO Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in EVIO with respect to the benefits of owning EVIO security.