Forte Biosciences Stock Current Ratio
| FBRX Stock | USD 16.08 0.08 0.50% |
Forte Biosciences fundamentals help investors to digest information that contributes to Forte Biosciences' financial success or failures. It also enables traders to predict the movement of Forte Stock. The fundamental analysis module provides a way to measure Forte Biosciences' 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 Forte Biosciences stock.
| Last Reported | Projected for Next Year | ||
| Current Ratio | 10.45 | 9.04 |
Forte | Current Ratio |
Forte Biosciences Company Current Ratio Analysis
Forte Biosciences' Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Current Forte Biosciences Current Ratio | 25.67 X |
Most of Forte Biosciences' fundamental indicators, such as Current Ratio, 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, Forte Biosciences is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Forte Current Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for Forte Biosciences is extremely important. It helps to project a fair market value of Forte Stock properly, considering its historical fundamentals such as Current Ratio. Since Forte Biosciences' 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 Forte Biosciences' 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 Forte Biosciences' interrelated accounts and indicators.
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Forte Current Ratio Historical Pattern
Today, most investors in Forte Biosciences Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Forte Biosciences' 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 ratio growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Forte Biosciences current ratio as a starting point in their analysis.
Forte Biosciences Current Ratio |
| Timeline |
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
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Forte Price To Sales Ratio
Price To Sales Ratio |
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In accordance with the recently published financial statements, Forte Biosciences has a Current Ratio of 25.67 times. This is much higher than that of the Biotechnology sector and 266.71% higher than that of the Health Care industry. The current ratio for all United States stocks is notably lower than that of the firm.
Forte Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Forte Biosciences' direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Forte Biosciences could also be used in its relative valuation, which is a method of valuing Forte Biosciences by comparing valuation metrics of similar companies.Forte Biosciences is currently under evaluation in current ratio category among its peers.
Forte Biosciences ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Forte Biosciences' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Forte Biosciences' managers, analysts, and investors.Environmental | Governance | Social |
Forte Fundamentals
| Return On Equity | -1.71 | ||||
| Return On Asset | -0.81 | ||||
| Current Valuation | 7.03 M | ||||
| Shares Outstanding | 1.46 M | ||||
| Shares Owned By Insiders | 10.94 % | ||||
| Shares Owned By Institutions | 54.05 % | ||||
| Number Of Shares Shorted | 982 | ||||
| Price To Book | 2.50 X | ||||
| EBITDA | (32.48 M) | ||||
| Net Income | (31.48 M) | ||||
| Cash And Equivalents | 38.55 M | ||||
| Cash Per Share | 1.89 X | ||||
| Total Debt | 3.67 M | ||||
| Current Ratio | 25.67 X | ||||
| Book Value Per Share | 24.30 X | ||||
| Cash Flow From Operations | (28.71 M) | ||||
| Short Ratio | 0.09 X | ||||
| Earnings Per Share | (16.38) X | ||||
| Target Price | 107.0 | ||||
| Number Of Employees | 11 | ||||
| Beta | 1.46 | ||||
| Market Capitalization | 23.39 M | ||||
| Total Asset | 38.98 M | ||||
| Retained Earnings | (118.52 M) | ||||
| Working Capital | 34.66 M | ||||
| Net Asset | 38.98 M |
About Forte Biosciences Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Forte Biosciences's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Forte Biosciences using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Forte Biosciences 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 Forte Biosciences' price analysis, check to measure Forte Biosciences' 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 Forte Biosciences is operating at the current time. Most of Forte Biosciences' value examination focuses on studying past and present price action to predict the probability of Forte Biosciences' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Forte Biosciences' price. Additionally, you may evaluate how the addition of Forte Biosciences to your portfolios can decrease your overall portfolio volatility.