Macroaxis provides investment recommendation on Heska Corp to complement and cross-verify current
analyst consensus on Heska Corp. Our trade recommendations engine determines the entity's potential to grow exclusively from the perspective of an investor's current risk tolerance and investing horizon.
How important is Heska's Liquidity
Heska
financial leverage refers to using borrowed capital as a funding source to finance Heska ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Heska financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Financial leverage can amplify the potential profits to Heska's owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of Heska's financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the
breakdown between Heska's total debt and its cash.
A Deeper Perspective On Heska
The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Heska Corp has an asset utilization ratio of 207.05 percent. This suggests that the company is making $2.07 for each dollar of assets. An increasing asset utilization means that Heska Corp is more efficient with each dollar of assets it utilizes for everyday operations.
| 2018 | 2019 | 2020 | 2021 (projected) |
Receivables | 19.44 M | 19.02 M | 35.87 M | 38.71 M | Inventories | 25.1 M | 26.6 M | 40.04 M | 43.2 M |
A growth case for Heska Corp
Current Kurtosis is up to 0.01. Price may slip again. Heska Corp exhibits very low volatility with skewness of -0.26 and kurtosis of 0.01. However, we advise investors to further study Heska Corp technical indicators to make sure all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Heska Corp's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Heska Corp's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.
Heska Corp Implied Volatility
Heska Corp's implied volatility exposes the market's sentiment of Heska Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Heska Corp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Heska Corp stock will not fluctuate a lot when Heska Corp's options are near their expiration.
Whereas some other companies in the diagnostics & research industry are either recovering or due for a correction, Heska Corp may not be performing as strong as the other in terms of long-term growth potentials. With a relatively neutral outlook on the current economy, it is better to hold off any trading of Heska as the current risk-reward utility is not appealing enough. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Heska Corp.
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Raphi Shpitalnik is a Junior Member of Macroaxis Editorial Board. Raphael is a young entrepreneur who joined Macroaxis on a part-time basis at the beginning of the pandemic and eventually acquired a real taste for investing and fintech. He likes to analyze different equity instruments across a wide range of industries, focusing primarily on consumer products, sports, fintech, cannabis, and AI.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of Heska. Please refer to our
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