Eyenovia Stock Net Asset
| EYEN Stock | USD 0.11 0.02 19.05% |
Eyenovia fundamentals help investors to digest information that contributes to Eyenovia's financial success or failures. It also enables traders to predict the movement of Eyenovia Stock. The fundamental analysis module provides a way to measure Eyenovia'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 Eyenovia stock.
Eyenovia | Net Asset |
Eyenovia Company Net Asset Analysis
Eyenovia's Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current Eyenovia Net Asset | 28.78 M |
Most of Eyenovia's fundamental indicators, such as Net Asset, 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, Eyenovia is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Eyenovia Net Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Eyenovia is extremely important. It helps to project a fair market value of Eyenovia Stock properly, considering its historical fundamentals such as Net Asset. Since Eyenovia'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 Eyenovia'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 Eyenovia's interrelated accounts and indicators.
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Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
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Eyenovia Total Assets
Total Assets |
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Based on the recorded statements, Eyenovia has a Net Asset of 28.78 M. This is much higher than that of the Pharmaceuticals sector and significantly higher than that of the Health Care industry. The net asset for all United States stocks is notably lower than that of the firm.
Eyenovia Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Eyenovia's direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Eyenovia could also be used in its relative valuation, which is a method of valuing Eyenovia by comparing valuation metrics of similar companies.Eyenovia is currently under evaluation in net asset category among its peers.
Eyenovia Current Valuation Drivers
We derive many important indicators used in calculating different scores of Eyenovia from analyzing Eyenovia's financial statements. These drivers represent accounts that assess Eyenovia's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Eyenovia's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 27.0M | 64.3M | 127.6M | 54.8M | 85.3M | 90.0M | |
| Enterprise Value | 7.3M | 50.2M | 99.7M | 42.1M | 86.6M | 78.4M |
Eyenovia Institutional Holders
Institutional Holdings refers to the ownership stake in Eyenovia that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Eyenovia's 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 Eyenovia's value.| Shares | Y-intercept (hong Kong) Ltd | 2024-06-30 | 94.6 K | State Street Corp | 2024-06-30 | 93.4 K | Nations Financial Group Inc | 2024-09-30 | 90.9 K | Hrt Financial Llc | 2024-06-30 | 88.6 K | Susquehanna International Group, Llp | 2024-06-30 | 87.3 K | Financial Management Network, Inc | 2024-09-30 | 81.2 K | Pfg Investments, Llc | 2024-09-30 | 70 K | Bank Of America Corp | 2024-06-30 | 61.6 K | Northern Trust Corp | 2024-09-30 | 61.5 K | Armistice Capital, Llc | 2024-06-30 | 6.1 M | Vanguard Group Inc | 2024-09-30 | 1.9 M |
Eyenovia Fundamentals
| Return On Equity | -9.15 | ||||
| Return On Asset | -0.93 | ||||
| Operating Margin | (516.61) % | ||||
| Current Valuation | 13.81 M | ||||
| Shares Outstanding | 86.44 M | ||||
| Shares Owned By Insiders | 9.99 % | ||||
| Shares Owned By Institutions | 13.73 % | ||||
| Number Of Shares Shorted | 2.14 M | ||||
| Price To Earning | (1.40) X | ||||
| Price To Book | 2.15 X | ||||
| Price To Sales | 254.33 X | ||||
| Revenue | 3.79 K | ||||
| Gross Profit | 12.4 M | ||||
| EBITDA | (24.11 M) | ||||
| Net Income | (27.26 M) | ||||
| Cash And Equivalents | 21.51 M | ||||
| Cash Per Share | 0.63 X | ||||
| Total Debt | 16.08 M | ||||
| Debt To Equity | 0.31 % | ||||
| Current Ratio | 2.14 X | ||||
| Book Value Per Share | 0.20 X | ||||
| Cash Flow From Operations | (23.84 M) | ||||
| Short Ratio | 2.45 X | ||||
| Earnings Per Share | (0.69) X | ||||
| Target Price | 3.5 | ||||
| Number Of Employees | 57 | ||||
| Beta | 1.76 | ||||
| Market Capitalization | 7.99 M | ||||
| Total Asset | 28.78 M | ||||
| Retained Earnings | (145.49 M) | ||||
| Working Capital | 11.18 M | ||||
| Current Asset | 6.23 M | ||||
| Current Liabilities | 904.7 K | ||||
| Net Asset | 28.78 M |
About Eyenovia Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Eyenovia's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Eyenovia using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Eyenovia 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 Eyenovia
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 Eyenovia 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 Eyenovia will appreciate offsetting losses from the drop in the long position's value.Moving together with Eyenovia Stock
| 0.63 | VALN | Valneva SE ADR Downward Rally | PairCorr |
Moving against Eyenovia Stock
| 0.43 | VERA | Vera Therapeutics | PairCorr |
| 0.42 | VCEL | Vericel Corp Ord | PairCorr |
| 0.35 | SABSW | SAB Biotherapeutics | PairCorr |
The ability to find closely correlated positions to Eyenovia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eyenovia 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 Eyenovia - 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 Eyenovia to buy it.
The correlation of Eyenovia 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 Eyenovia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eyenovia 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 Eyenovia 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 Eyenovia Piotroski F Score and Eyenovia Altman Z Score analysis. To learn how to invest in Eyenovia Stock, please use our How to Invest in Eyenovia guide.You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Is Pharmaceuticals 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 Eyenovia. If investors know Eyenovia 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 Eyenovia listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.69) | Revenue Per Share 0.001 | Quarterly Revenue Growth 4 | Return On Assets (0.93) | Return On Equity (9.15) |
The market value of Eyenovia is measured differently than its book value, which is the value of Eyenovia that is recorded on the company's balance sheet. Investors also form their own opinion of Eyenovia's value that differs from its market value or its book value, called intrinsic value, which is Eyenovia'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 Eyenovia's market value can be influenced by many factors that don't directly affect Eyenovia'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 Eyenovia's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eyenovia is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eyenovia'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.