Comparing Prenetics Global and Its Peers

PRE Stock  USD 4.40  0.10  2.33%   
About 56% of all Prenetics Global's shareholders are looking to take a long position. The analysis of the overall prospects from investing in Prenetics Global suggests that some traders are, at the present time, interested. The current market sentiment, together with Prenetics Global's historical and current headlines, can help investors time the market. In addition, many technical investors use Prenetics Global stock news signals to limit their universe of possible portfolio assets.
  
Prenetics Global is one of 719 publicly-traded companies in the Holding other investment offices industry, but how does it weigh in compared to its rivals We will compare Prenetics Global to related businesses based on the strength of its valuation, profitability, earnings, dividends, risk, analyst recommendations and institutional ownership. Earnings

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Prenetics Global Investor Sentiment by Other News Outlets

Investor sentiment, mood or attitude towards Prenetics Global can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.

Prenetics Global Fundamental Analysis

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

Return On Asset

Return On Asset Comparative Analysis

Prenetics Global is currently under evaluation in return on asset category among its peers. Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.

Prenetics Global 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 Prenetics Global stock to make a market-neutral strategy. Peer analysis of Prenetics Global could also be used in its relative valuation, which is a method of valuing Prenetics Global by comparing valuation metrics with similar companies.

Peers

Prenetics Global Related Equities

BNRBurning Rock   13.61   
0%
100.0%
CSTLCastle Biosciences   3.57   
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26.0%
DRIODarioHealth Corp   2.67   
0%
19.0%
QGENQiagen NV   1.11   
0%
8.0%
FONRFonar   0.99   
0%
7.0%
NEOGNeogen   0.15   
1.0%
0%
BDSXBiodesix   0.74   
5.0%
0%
SERASera Prognostics   0.93   
6.0%
0%
MDXHMDxHealth   1.01   
7.0%
0%
ACRSAclaris Therapeutics   2.34   
17.0%
0%
XGNExagen   4.47   
32.0%
0%
NOTVInotiv   6.21   
45.0%
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Complementary Tools for Prenetics Stock analysis

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