60 Degrees Pharmaceuticals, Stock Net Income
| SXTP Stock | 0.55 0.15 21.43% |
60 Degrees' fundamental analysis aims to assess its intrinsic value by examining key economic and financial indicators - such as cash flow records, changes in balance sheet accounts, income statement trends, financial ratios, and relevant microeconomic factors affecting SXTP Stock price.
| Last Reported | Projected for Next Year | ||
| Net Loss | -8 M | -8.4 M | |
| Net Loss | -5.6 M | -5.8 M | |
| Net Loss | -8 M | -8.4 M | |
| Net Loss | (17.48) | (16.61) | |
| Net Income Per E B T | 1.00 | 1.10 |
SXTP | Net Income | Build AI portfolio with SXTP Stock |
60 Degrees Pharmaceuticals, Company Net Income Analysis
60 Degrees' Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Current 60 Degrees Net Income | (7.96 M) |
Most of 60 Degrees' fundamental indicators, such as Net Income, 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, 60 Degrees Pharmaceuticals, is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
SXTP Net Income Driver Correlations
Understanding the fundamental principles of building solid financial models for 60 Degrees is extremely important. It helps to project a fair market value of SXTP Stock properly, considering its historical fundamentals such as Net Income. Since 60 Degrees' 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 60 Degrees' 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 60 Degrees' interrelated accounts and indicators.
Click cells to compare fundamentals
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
SXTP Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income |
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Based on the recorded statements, 60 Degrees Pharmaceuticals, reported net income of (7.96 Million). This is 102.33% lower than that of the Pharmaceuticals sector and 111.36% lower than that of the Health Care industry. The net income for all United States stocks is 101.39% higher than that of the company.
SXTP Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses 60 Degrees' direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of 60 Degrees could also be used in its relative valuation, which is a method of valuing 60 Degrees by comparing valuation metrics of similar companies.60 Degrees is currently under evaluation in net income category among its peers.
SXTP Fundamentals
| Return On Equity | -1.55 | ||||
| Return On Asset | -0.7 | ||||
| Operating Margin | (4.40) % | ||||
| Current Valuation | 8.55 M | ||||
| Shares Outstanding | 4.23 M | ||||
| Shares Owned By Insiders | 2.27 % | ||||
| Shares Owned By Institutions | 6.77 % | ||||
| Number Of Shares Shorted | 97.8 K | ||||
| Price To Sales | 2.16 X | ||||
| Revenue | 607.57 K | ||||
| Gross Profit | 585.86 K | ||||
| EBITDA | (7.88 M) | ||||
| Net Income | (7.96 M) | ||||
| Total Debt | 155.89 K | ||||
| Book Value Per Share | (1.25) X | ||||
| Cash Flow From Operations | (5.65 M) | ||||
| Short Ratio | 1.42 X | ||||
| Earnings Per Share | (0.78) X | ||||
| Target Price | 4.4 | ||||
| Beta | 2.82 | ||||
| Market Capitalization | 2.94 M | ||||
| Total Asset | 5.76 M | ||||
| Retained Earnings | (40.53 M) | ||||
| Working Capital | 3.73 M | ||||
| Net Asset | 5.76 M |
About 60 Degrees Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze 60 Degrees Pharmaceuticals,'s financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of 60 Degrees using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of 60 Degrees Pharmaceuticals, 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 60 Degrees
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 60 Degrees 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 60 Degrees will appreciate offsetting losses from the drop in the long position's value.Moving together with SXTP Stock
| 0.95 | KG | Kestrel Group, Symbol Change | PairCorr |
| 0.79 | NXS | Next Science | PairCorr |
| 0.61 | CRDL | Cardiol Therapeutics | PairCorr |
Moving against SXTP Stock
| 0.58 | 600080 | Ginwa Enterprise | PairCorr |
| 0.47 | VM | Voyageur Pharmaceuticals | PairCorr |
| 0.39 | PFE | Pfizer Inc CDR | PairCorr |
The ability to find closely correlated positions to 60 Degrees could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 60 Degrees 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 60 Degrees - 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 60 Degrees Pharmaceuticals, to buy it.
The correlation of 60 Degrees 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 60 Degrees moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 60 Degrees Pharmaceu 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 60 Degrees 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 SXTP Stock Analysis
When running 60 Degrees' price analysis, check to measure 60 Degrees' 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 60 Degrees is operating at the current time. Most of 60 Degrees' value examination focuses on studying past and present price action to predict the probability of 60 Degrees' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 60 Degrees' price. Additionally, you may evaluate how the addition of 60 Degrees to your portfolios can decrease your overall portfolio volatility.