Novacyt SA Q2 2024 Earnings Call Transcript Highlights Key Financial Metrics and ... By GuruFocus - Investing.com Canada

NVYTF Stock  USD 0.63  0.00  0.00%   
Roughly 62% of Novacyt SA's investor base is looking to short. The analysis of overall sentiment of trading Novacyt SA pink sheet suggests that many investors are alarmed at this time. The current market sentiment, together with Novacyt SA's historical and current headlines, can help investors time the market. In addition, many technical investors use Novacyt SA stock news signals to limit their universe of possible portfolio assets.
Novacyt SA pink sheet news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Novacyt daily returns and investor perception about the current price of Novacyt SA as well as its diversification or hedging effects on your existing portfolios.
  
Novacyt SA Q2 2024 Earnings Call Transcript Highlights Key Financial Metrics and ... By GuruFocus Investing.com Canada

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Novacyt SA Fundamental Analysis

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

Z Score

Z Score Comparative Analysis

Novacyt SA is currently under evaluation in z score category among its peers. Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Novacyt SA Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Novacyt SA pink sheet to make a market-neutral strategy. Peer analysis of Novacyt SA could also be used in its relative valuation, which is a method of valuing Novacyt SA by comparing valuation metrics with similar companies.

Peers

Novacyt SA Related Equities

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RPIDRapid Micro   4.57   
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AEMDAethlon Medical   4.48   
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MYOMyomo   0.95   
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SMLRSemler Scientific   0.18   
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CTSOCytosorbents Crp   0.20   
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TIVCTivic Health   4.00   
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IINNInspira Technologies   4.64   
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BBLGBone Biologics   5.51   
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BMRABiomerica   6.38   
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NAOVNanoVibronix   7.69   
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Complementary Tools for Novacyt Pink Sheet analysis

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