Wearable Devices Stock Price To Book

WLDS Stock

USD 1.88 0.43 29.66%

Wearable Devices fundamentals help investors to digest information that contributes to Wearable Devices' financial success or failures. It also enables traders to predict the movement of Wearable Stock. The fundamental analysis module provides a way to measure Wearable Devices' 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 Wearable Devices stock.

Short Long Term Debt Total Total Assets

Price To Book Ratio is likely to drop to 1.05 in 2024.

This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Wearable Devices Company Price To Book Analysis

Wearable Devices' Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.

P/B

MV Per Share

BV Per Share

More About Price To Book | All Equity Analysis

Current Wearable Devices Price To Book

1.36 X

Most of Wearable Devices' fundamental indicators, such as Price To Book, 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, Wearable Devices is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Wearable Price To Book Driver Correlations

Understanding the fundamental principles of building solid financial models for Wearable Devices is extremely important. It helps to project a fair market value of Wearable Stock properly, considering its historical fundamentals such as Price To Book. Since Wearable Devices' 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 Wearable Devices' 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 Wearable Devices' interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Tangible Assets	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Net Invested Capital	Short Long Term Debt	Total Current Assets	Capital Stock	Net Working Capital	Short Term Debt	Common Stock	Property Plant Equipment
Total Assets		0.96	0.87	0.72	-0.87	-0.78	0.63	0.62	-0.63	0.99	0.56	1.0	0.85	0.96	-0.76	0.85	0.86
Total Stockholder Equity	0.96		0.95	0.82	-0.85	-0.87	0.73	0.7	-0.78	0.94	0.64	0.96	0.89	1.0	-0.9	0.89	0.93
Net Tangible Assets	0.87	0.95		0.79	-0.63	-0.98	0.91	0.84	-0.72	0.83	0.83	0.85	0.93	0.93	-0.9	0.93	1.0
Current Deferred Revenue	0.72	0.82	0.79		-0.67	-0.8	0.59	0.77	-0.85	0.67	0.65	0.71	0.85	0.81	-0.91	0.85	0.8
Net Debt	-0.87	-0.85	-0.63	-0.67		0.48	-0.26	-0.29	0.71	-0.9	-0.16	-0.89	-0.61	-0.87	0.68	-0.61	-0.61
Retained Earnings	-0.78	-0.87	-0.98	-0.8	0.48		-0.95	-0.91	0.68	-0.71	-0.93	-0.75	-0.93	-0.85	0.88	-0.93	-0.98
Accounts Payable	0.63	0.73	0.91	0.59	-0.26	-0.95		0.87	-0.5	0.56	0.94	0.6	0.82	0.7	-0.74	0.82	0.91
Net Receivables	0.62	0.7	0.84	0.77	-0.29	-0.91	0.87		-0.46	0.55	0.89	0.59	0.78	0.67	-0.7	0.78	0.88
Total Liab	-0.63	-0.78	-0.72	-0.85	0.71	0.68	-0.5	-0.46		-0.6	-0.48	-0.62	-0.76	-0.78	0.94	-0.76	-0.68
Net Invested Capital	0.99	0.94	0.83	0.67	-0.9	-0.71	0.56	0.55	-0.6		0.47	1.0	0.79	0.95	-0.72	0.79	0.82
Short Long Term Debt	0.56	0.64	0.83	0.65	-0.16	-0.93	0.94	0.89	-0.48	0.47		0.52	0.86	0.61	-0.72	0.86	0.85
Total Current Assets	1.0	0.96	0.85	0.71	-0.89	-0.75	0.6	0.59	-0.62	1.0	0.52		0.82	0.96	-0.75	0.82	0.85
Capital Stock	0.85	0.89	0.93	0.85	-0.61	-0.93	0.82	0.78	-0.76	0.79	0.86	0.82		0.88	-0.91	1.0	0.92
Net Working Capital	0.96	1.0	0.93	0.81	-0.87	-0.85	0.7	0.67	-0.78	0.95	0.61	0.96	0.88		-0.89	0.88	0.92
Short Term Debt	-0.76	-0.9	-0.9	-0.91	0.68	0.88	-0.74	-0.7	0.94	-0.72	-0.72	-0.75	-0.91	-0.89		-0.91	-0.87
Common Stock	0.85	0.89	0.93	0.85	-0.61	-0.93	0.82	0.78	-0.76	0.79	0.86	0.82	1.0	0.88	-0.91		0.92
Property Plant Equipment	0.86	0.93	1.0	0.8	-0.61	-0.98	0.91	0.88	-0.68	0.82	0.85	0.85	0.92	0.92	-0.87	0.92

Click cells to compare fundamentals

Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.

Competition

Predict Wearable Devices

Price Book Value Ratio Over Time

Wearable Book Value Per Share

Book Value Per Share

7.16

At this time, Wearable Devices' Book Value Per Share is comparatively stable compared to the past year.

Based on the latest financial disclosure, Wearable Devices has a Price To Book of 1.3553 times. This is 87.97% lower than that of the Textiles, Apparel & Luxury Goods sector and 35.15% lower than that of the Consumer Discretionary industry. The price to book for all United States stocks is 85.75% higher than that of the company.

Wearable Price To Book Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Wearable Devices' direct or indirect competition against its Price To Book to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Wearable Devices could also be used in its relative valuation, which is a method of valuing Wearable Devices by comparing valuation metrics of similar companies.

Wearable Devices is currently under evaluation in price to book category among its peers.

Wearable Fundamentals

	Return On Equity	-1.74
	Return On Asset	-0.71
	Operating Margin	(10.71) %
	Current Valuation	1.51 M
	Shares Outstanding	1.22 M
	Shares Owned By Insiders	23.69 %
	Shares Owned By Institutions	1.12 %
	Number Of Shares Shorted	21.68 K
	Price To Book	1.36 X
	Price To Sales	4.95 X
	Revenue	82 K
	Gross Profit	35 K
	EBITDA	(8.12 M)
	Net Income	(7.81 M)
	Cash And Equivalents	320 K
	Cash Per Share	0.02 X
	Total Debt	575 K
	Current Ratio	0.32 X
	Book Value Per Share	1.62 X
	Cash Flow From Operations	(8.43 M)
	Short Ratio	0.34 X
	Earnings Per Share	(8.60) X
	Number Of Employees	28
	Beta	2.92
	Market Capitalization	2.3 M
	Total Asset	7.59 M
	Retained Earnings	(21.22 M)
	Working Capital	4.96 M
	Net Asset	7.59 M

About Wearable Devices Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Wearable Devices's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Wearable Devices using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Wearable Devices 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.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Wearable Stock Analysis

When running Wearable Devices' price analysis, check to measure Wearable Devices' 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 Wearable Devices is operating at the current time. Most of Wearable Devices' value examination focuses on studying past and present price action to predict the probability of Wearable Devices' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wearable Devices' price. Additionally, you may evaluate how the addition of Wearable Devices to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC