Aeye Inc Stock Beta
| LIDR Stock | USD 0.92 0.03 3.16% |
Aeye Inc fundamentals help investors to digest information that contributes to Aeye's financial success or failures. It also enables traders to predict the movement of Aeye Stock. The fundamental analysis module provides a way to measure Aeye'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 Aeye stock.
Aeye | Beta |
Aeye Inc Company Beta Analysis
Aeye's 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 Aeye Beta | 2.95 |
Most of Aeye's 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, Aeye Inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Aeye Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Aeye is extremely important. It helps to project a fair market value of Aeye Stock properly, considering its historical fundamentals such as Beta. Since Aeye'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 Aeye'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 Aeye's interrelated accounts and indicators.
Click cells to compare fundamentals
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, Aeye Inc has a Beta of 2.953. This is 251.55% higher than that of the Automobile Components sector and 99.53% higher than that of the Consumer Discretionary industry. The beta for all United States stocks is notably lower than that of the firm.
Aeye Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Aeye's 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 Aeye could also be used in its relative valuation, which is a method of valuing Aeye by comparing valuation metrics of similar companies.Aeye is currently under evaluation in beta category among its peers.
Aeye Current Valuation Drivers
We derive many important indicators used in calculating different scores of Aeye from analyzing Aeye's financial statements. These drivers represent accounts that assess Aeye's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Aeye's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Enterprise Value | 272.3M | 311.7M | 736.7M | 81.9M | 13.7M | 13.0M |
Aeye Institutional Holders
Institutional Holdings refers to the ownership stake in Aeye that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Aeye'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 Aeye's value.| Shares | Larson Financial Group, Llc | 2024-06-30 | 333 | Rothschild Investment, Llc | 2024-09-30 | 302 | Brown Brothers Harriman & Co | 2024-09-30 | 302 | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 146 | Clear Street Llc | 2024-06-30 | 97.0 | Bank Of America Corp | 2024-06-30 | 76.0 | Global Retirement Partners, Llc. | 2024-09-30 | 30.0 | Advisor Group Holdings, Inc. | 2024-06-30 | 19.0 | Royal Bank Of Canada | 2024-06-30 | 11.0 | Mirador Capital Partners Lp | 2024-09-30 | 82.7 K | Vanguard Group Inc | 2024-09-30 | 73.6 K |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Aeye will likely underperform.
Aeye Fundamentals
| Return On Equity | -1.46 | |||
| Return On Asset | -0.42 | |||
| Operating Margin | (258.00) % | |||
| Current Valuation | (10 M) | |||
| Shares Outstanding | 9.13 M | |||
| Shares Owned By Insiders | 8.59 % | |||
| Shares Owned By Institutions | 21.70 % | |||
| Number Of Shares Shorted | 197.47 K | |||
| Price To Book | 0.56 X | |||
| Price To Sales | 27.19 X | |||
| Revenue | 1.46 M | |||
| Gross Profit | (5.08 M) | |||
| EBITDA | (85.52 M) | |||
| Net Income | (87.13 M) | |||
| Cash And Equivalents | 125.76 M | |||
| Cash Per Share | 0.79 X | |||
| Total Debt | 17.27 M | |||
| Debt To Equity | 0.15 % | |||
| Current Ratio | 8.31 X | |||
| Book Value Per Share | 4.60 X | |||
| Cash Flow From Operations | (50.73 M) | |||
| Short Ratio | 1.97 X | |||
| Earnings Per Share | (8.51) X | |||
| Target Price | 1.0 | |||
| Number Of Employees | 60 | |||
| Beta | 2.95 | |||
| Market Capitalization | 8.4 M | |||
| Total Asset | 54.32 M | |||
| Retained Earnings | (337.63 M) | |||
| Working Capital | 29.73 M | |||
| Net Asset | 54.32 M |
About Aeye Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Aeye Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Aeye using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Aeye 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.
Pair Trading with Aeye
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 Aeye 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 Aeye will appreciate offsetting losses from the drop in the long position's value.Moving against Aeye Stock
| 0.65 | BOX | Box Inc | PairCorr |
| 0.55 | GB | Global Blue Group Earnings Call Tomorrow | PairCorr |
| 0.51 | NN | Nextnav Acquisition Corp Downward Rally | PairCorr |
| 0.44 | GEN | Gen Digital | PairCorr |
| 0.43 | CETXP | Cemtrex Pref | PairCorr |
The ability to find closely correlated positions to Aeye could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aeye 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 Aeye - 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 Aeye Inc to buy it.
The correlation of Aeye 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 Aeye moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aeye 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 Aeye 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.Additional Tools for Aeye Stock Analysis
When running Aeye's price analysis, check to measure Aeye's 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 Aeye is operating at the current time. Most of Aeye's value examination focuses on studying past and present price action to predict the probability of Aeye's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aeye's price. Additionally, you may evaluate how the addition of Aeye to your portfolios can decrease your overall portfolio volatility.