Soleno Therapeutics Stock Net Asset
| SLNO Stock | USD 57.78 3.15 5.77% |
Soleno Therapeutics fundamentals help investors to digest information that contributes to Soleno Therapeutics' financial success or failures. It also enables traders to predict the movement of Soleno Stock. The fundamental analysis module provides a way to measure Soleno Therapeutics' 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 Soleno Therapeutics stock.
Soleno | Net Asset |
Soleno Therapeutics Company Net Asset Analysis
Soleno Therapeutics' 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 Soleno Therapeutics Net Asset | 180.69 M |
Most of Soleno Therapeutics' 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, Soleno Therapeutics is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Soleno Net Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Soleno Therapeutics is extremely important. It helps to project a fair market value of Soleno Stock properly, considering its historical fundamentals such as Net Asset. Since Soleno Therapeutics' 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 Soleno Therapeutics' 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 Soleno Therapeutics' 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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Soleno Total Assets
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Based on the recorded statements, Soleno Therapeutics has a Net Asset of 180.69 M. This is much higher than that of the Biotechnology 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.
Soleno Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Soleno Therapeutics' 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 Soleno Therapeutics could also be used in its relative valuation, which is a method of valuing Soleno Therapeutics by comparing valuation metrics of similar companies.Soleno Therapeutics is currently under evaluation in net asset category among its peers.
Soleno Therapeutics Current Valuation Drivers
We derive many important indicators used in calculating different scores of Soleno Therapeutics from analyzing Soleno Therapeutics' financial statements. These drivers represent accounts that assess Soleno Therapeutics' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Soleno Therapeutics' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 100.4M | 120.9M | 32.7M | 16.6M | 15.0M | 14.2M | |
| Enterprise Value | 80.0M | 71.8M | 11.9M | 2.2M | 2.0M | 1.9M |
Soleno Therapeutics 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, Soleno Therapeutics' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Soleno Therapeutics' managers, analysts, and investors.Environmental | Governance | Social |
Soleno Therapeutics Institutional Holders
Institutional Holdings refers to the ownership stake in Soleno Therapeutics that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Soleno Therapeutics' 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 Soleno Therapeutics' value.| Shares | State Street Corp | 2024-06-30 | 1 M | Fmr Inc | 2024-09-30 | 665.4 K | Sofinnova Ventures | 2024-06-30 | 554.4 K | Tcg Crossover Management, Llc | 2024-09-30 | 550 K | Holocene Advisors, Lp | 2024-06-30 | 536.5 K | Samlyn Capital, Llc | 2024-06-30 | 501 K | Westfield Capital Management Company, Lp | 2024-09-30 | 495.7 K | Geode Capital Management, Llc | 2024-06-30 | 489.1 K | T. Rowe Price Associates, Inc. | 2024-06-30 | 477.9 K | Vivo Capital, Llc | 2024-09-30 | 6.3 M | Nantahala Capital Management, Llc | 2024-06-30 | 6.2 M |
Soleno Fundamentals
| Return On Equity | -0.91 | ||||
| Return On Asset | -0.48 | ||||
| Current Valuation | 2.24 B | ||||
| Shares Outstanding | 43.12 M | ||||
| Shares Owned By Insiders | 3.04 % | ||||
| Shares Owned By Institutions | 96.96 % | ||||
| Number Of Shares Shorted | 6.17 M | ||||
| Price To Earning | (3.71) X | ||||
| Price To Book | 9.41 X | ||||
| EBITDA | (37.03 M) | ||||
| Net Income | (38.99 M) | ||||
| Cash And Equivalents | 24.07 M | ||||
| Cash Per Share | 2.97 X | ||||
| Total Debt | 403 K | ||||
| Debt To Equity | 0.02 % | ||||
| Current Ratio | 3.43 X | ||||
| Book Value Per Share | 6.45 X | ||||
| Cash Flow From Operations | (24.94 M) | ||||
| Short Ratio | 8.05 X | ||||
| Earnings Per Share | (2.79) X | ||||
| Target Price | 74.25 | ||||
| Number Of Employees | 33 | ||||
| Beta | -1.44 | ||||
| Market Capitalization | 2.49 B | ||||
| Total Asset | 180.69 M | ||||
| Retained Earnings | (276.41 M) | ||||
| Working Capital | 159.85 M | ||||
| Net Asset | 180.69 M |
About Soleno Therapeutics Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Soleno Therapeutics's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Soleno Therapeutics using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Soleno Therapeutics 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 Soleno Therapeutics
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 Soleno Therapeutics 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 Soleno Therapeutics will appreciate offsetting losses from the drop in the long position's value.Moving against Soleno Stock
| 0.82 | MTEM | Molecular Templates | PairCorr |
| 0.72 | AGL | agilon health | PairCorr |
| 0.7 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.68 | NKTX | Nkarta Inc | PairCorr |
| 0.66 | VALN | Valneva SE ADR | PairCorr |
The ability to find closely correlated positions to Soleno Therapeutics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Soleno Therapeutics 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 Soleno Therapeutics - 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 Soleno Therapeutics to buy it.
The correlation of Soleno Therapeutics 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 Soleno Therapeutics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Soleno Therapeutics 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 Soleno Therapeutics 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 Soleno Therapeutics Piotroski F Score and Soleno Therapeutics Altman Z Score analysis. To learn how to invest in Soleno Stock, please use our How to Invest in Soleno Therapeutics guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Is Biotechnology 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 Soleno Therapeutics. If investors know Soleno 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 Soleno Therapeutics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.79) | Return On Assets (0.48) | Return On Equity (0.91) |
The market value of Soleno Therapeutics is measured differently than its book value, which is the value of Soleno that is recorded on the company's balance sheet. Investors also form their own opinion of Soleno Therapeutics' value that differs from its market value or its book value, called intrinsic value, which is Soleno Therapeutics' 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 Soleno Therapeutics' market value can be influenced by many factors that don't directly affect Soleno Therapeutics' 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 Soleno Therapeutics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Soleno Therapeutics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Soleno Therapeutics' 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.