BrightGene Total Stockholder Equity vs Common Stock Shares Outstanding Analysis

688166 Stock

30.14 1.06 3.40%

BrightGene Bio financial indicator trend analysis is way more than just evaluating BrightGene Bio Medical prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether BrightGene Bio Medical is a good investment. Please check the relationship between BrightGene Bio Total Stockholder Equity and its Common Stock Shares Outstanding accounts. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Total Stockholder Equity vs Common Stock Shares Outstanding

Total Stockholder Equity vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of BrightGene Bio Medical Total Stockholder Equity account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have almost identical trend.

The correlation between BrightGene Bio's Total Stockholder Equity and Common Stock Shares Outstanding is 0.94. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of BrightGene Bio Medical, assuming nothing else is changed. The correlation between historical values of BrightGene Bio's Total Stockholder Equity and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of BrightGene Bio Medical are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Total Stockholder Equity i.e., BrightGene Bio's Total Stockholder Equity and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

0.94

Relationship Direction	Positive
Relationship Strength	Very Strong

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Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Most indicators from BrightGene Bio's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into BrightGene Bio Medical current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

As of February 5, 2025, Tax Provision is expected to decline to about 14.9 M. In addition to that, Selling General Administrative is expected to decline to about 73.5 M

	2022	2023	2024	2025 (projected)
Gross Profit	641.0M	658.1M	756.8M	438.0M
Total Revenue	1.0B	1.2B	1.4B	751.2M

Gross Profit Total Revenue

BrightGene Bio fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Net Receivables	Short Term Investments	Inventory	Other Current Assets	Total Liab	Deferred Long Term Liab	Short Long Term Debt	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Other Liab	Common Stock Shares Outstanding	Net Invested Capital	Net Working Capital
Total Assets		-0.5	0.98	0.9	0.88	1.0	0.98	0.97	0.99	0.56	0.98	0.85	0.01	0.99	0.85	0.98	0.76	0.71	0.9	0.97	0.8	0.99	0.75	0.83	1.0	0.83
Other Current Liab	-0.5		-0.48	-0.52	-0.49	-0.52	-0.43	-0.4	-0.51	-0.25	-0.46	-0.48	-0.16	-0.56	-0.23	-0.45	-0.43	0.01	-0.44	-0.52	-0.54	-0.45	-0.4	-0.55	-0.47	-0.35
Total Current Liabilities	0.98	-0.48		0.84	0.81	0.97	0.98	0.92	0.99	0.52	0.96	0.8	-0.15	0.96	0.84	1.0	0.71	0.65	0.84	0.98	0.72	0.99	0.64	0.75	0.98	0.73
Total Stockholder Equity	0.9	-0.52	0.84		1.0	0.92	0.87	0.9	0.87	0.67	0.88	0.93	0.22	0.9	0.88	0.84	0.86	0.72	0.99	0.87	0.94	0.87	0.89	0.94	0.9	0.92
Net Tangible Assets	0.88	-0.49	0.81	1.0		0.9	0.86	0.88	0.85	0.68	0.86	0.94	0.24	0.87	0.88	0.81	0.86	0.74	0.98	0.86	0.95	0.85	0.9	0.95	0.88	0.92
Retained Earnings	1.0	-0.52	0.97	0.92	0.9		0.98	0.95	0.99	0.61	0.97	0.88	0.06	0.99	0.86	0.97	0.8	0.72	0.91	0.98	0.83	0.98	0.79	0.86	0.99	0.83
Accounts Payable	0.98	-0.43	0.98	0.87	0.86	0.98		0.92	0.98	0.52	0.94	0.89	-0.12	0.94	0.91	0.97	0.72	0.77	0.87	0.98	0.78	0.99	0.71	0.81	0.98	0.76
Cash	0.97	-0.4	0.92	0.9	0.88	0.95	0.92		0.94	0.55	0.95	0.79	0.13	0.95	0.81	0.94	0.73	0.74	0.93	0.89	0.81	0.94	0.77	0.83	0.97	0.92
Non Current Assets Total	0.99	-0.51	0.99	0.87	0.85	0.99	0.98	0.94		0.54	0.97	0.83	-0.06	0.98	0.85	0.99	0.73	0.68	0.87	0.98	0.76	1.0	0.7	0.79	0.99	0.77
Non Currrent Assets Other	0.56	-0.25	0.52	0.67	0.68	0.61	0.52	0.55	0.54		0.69	0.54	0.34	0.63	0.59	0.49	0.9	0.48	0.63	0.62	0.72	0.51	0.63	0.72	0.57	0.61
Other Assets	0.98	-0.46	0.96	0.88	0.86	0.97	0.94	0.95	0.97	0.69		0.79	0.05	0.98	0.84	0.96	0.81	0.69	0.88	0.96	0.79	0.96	0.71	0.82	0.98	0.81
Net Receivables	0.85	-0.48	0.8	0.93	0.94	0.88	0.89	0.79	0.83	0.54	0.79		0.08	0.82	0.91	0.78	0.78	0.8	0.89	0.87	0.9	0.85	0.86	0.9	0.85	0.78
Short Term Investments	0.01	-0.16	-0.15	0.22	0.24	0.06	-0.12	0.13	-0.06	0.34	0.05	0.08		0.1	-0.11	-0.12	0.26	0.15	0.19	-0.07	0.26	-0.08	0.46	0.25	0.01	0.34
Inventory	0.99	-0.56	0.96	0.9	0.87	0.99	0.94	0.95	0.98	0.63	0.98	0.82	0.1		0.79	0.96	0.8	0.65	0.89	0.96	0.81	0.97	0.77	0.84	0.98	0.82
Other Current Assets	0.85	-0.23	0.84	0.88	0.88	0.86	0.91	0.81	0.85	0.59	0.84	0.91	-0.11	0.79		0.84	0.73	0.86	0.88	0.88	0.8	0.88	0.69	0.8	0.86	0.74
Total Liab	0.98	-0.45	1.0	0.84	0.81	0.97	0.97	0.94	0.99	0.49	0.96	0.78	-0.12	0.96	0.84		0.68	0.66	0.85	0.96	0.7	0.99	0.64	0.73	0.98	0.76
Deferred Long Term Liab	0.76	-0.43	0.71	0.86	0.86	0.8	0.72	0.73	0.73	0.9	0.81	0.78	0.26	0.8	0.73	0.68		0.56	0.82	0.79	0.89	0.71	0.85	0.89	0.77	0.78
Short Long Term Debt	0.71	0.01	0.65	0.72	0.74	0.72	0.77	0.74	0.68	0.48	0.69	0.8	0.15	0.65	0.86	0.66	0.56		0.73	0.7	0.68	0.73	0.68	0.69	0.73	0.69
Total Current Assets	0.9	-0.44	0.84	0.99	0.98	0.91	0.87	0.93	0.87	0.63	0.88	0.89	0.19	0.89	0.88	0.85	0.82	0.73		0.85	0.91	0.87	0.85	0.91	0.91	0.95
Intangible Assets	0.97	-0.52	0.98	0.87	0.86	0.98	0.98	0.89	0.98	0.62	0.96	0.87	-0.07	0.96	0.88	0.96	0.79	0.7	0.85		0.79	0.98	0.71	0.82	0.97	0.73
Common Stock	0.8	-0.54	0.72	0.94	0.95	0.83	0.78	0.81	0.76	0.72	0.79	0.9	0.26	0.81	0.8	0.7	0.89	0.68	0.91	0.79		0.75	0.88	1.0	0.81	0.89
Property Plant Equipment	0.99	-0.45	0.99	0.87	0.85	0.98	0.99	0.94	1.0	0.51	0.96	0.85	-0.08	0.97	0.88	0.99	0.71	0.73	0.87	0.98	0.75		0.69	0.78	0.99	0.77
Other Liab	0.75	-0.4	0.64	0.89	0.9	0.79	0.71	0.77	0.7	0.63	0.71	0.86	0.46	0.77	0.69	0.64	0.85	0.68	0.85	0.71	0.88	0.69		0.88	0.75	0.86
Common Stock Shares Outstanding	0.83	-0.55	0.75	0.94	0.95	0.86	0.81	0.83	0.79	0.72	0.82	0.9	0.25	0.84	0.8	0.73	0.89	0.69	0.91	0.82	1.0	0.78	0.88		0.83	0.89
Net Invested Capital	1.0	-0.47	0.98	0.9	0.88	0.99	0.98	0.97	0.99	0.57	0.98	0.85	0.01	0.98	0.86	0.98	0.77	0.73	0.91	0.97	0.81	0.99	0.75	0.83		0.84
Net Working Capital	0.83	-0.35	0.73	0.92	0.92	0.83	0.76	0.92	0.77	0.61	0.81	0.78	0.34	0.82	0.74	0.76	0.78	0.69	0.95	0.73	0.89	0.77	0.86	0.89	0.84

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BrightGene Bio Account Relationship Matchups

BrightGene Bio fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	1.8B	3.0B	4.7B	5.0B	5.8B	6.1B
Other Current Liab	32.0M	25.9M	50.7M	20.1M	18.1M	26.6M
Total Current Liabilities	291.7M	583.1M	811.5M	922.2M	1.1B	1.1B
Total Stockholder Equity	1.4B	1.7B	2.2B	2.4B	2.7B	1.4B
Net Tangible Assets	1.3B	1.4B	1.6B	2.1B	2.4B	1.2B
Retained Earnings	345.5M	555.1M	743.4M	830.4M	955.0M	1.0B
Accounts Payable	79.6M	211.9M	252.2M	228.2M	262.4M	275.5M
Cash	339.5M	336.8M	1.2B	998.0M	1.1B	1.2B
Non Current Assets Total	881.4M	2.0B	2.7B	3.2B	3.7B	3.9B
Non Currrent Assets Other	628.5M	115.9M	300.9M	233.3M	268.3M	184.6M
Other Assets	56.8M	223.3M	161.5M	351.7M	404.5M	424.7M
Net Receivables	177.3M	373.3M	302.8M	283.0M	325.4M	224.4M
Non Current Liabilities Total	103.5M	644.9M	1.6B	1.7B	1.9B	2.0B
Inventory	203.2M	200.1M	280.4M	344.6M	396.3M	416.1M
Other Current Assets	39.6M	73.3M	95.4M	65.2M	75.0M	49.4M
Total Liab	395.2M	1.2B	2.4B	2.6B	3.0B	3.2B
Deferred Long Term Liab	22.9M	33.0M	25.8M	26.9M	30.9M	26.2M
Total Current Assets	946.4M	993.0M	1.9B	1.8B	2.1B	1.1B
Intangible Assets	48.8M	80.8M	81.6M	93.7M	107.7M	113.1M
Property Plant Equipment	244.7M	452.5M	1.4B	2.1B	2.4B	2.5B
Net Invested Capital	1.7B	2.6B	4.2B	4.1B	4.8B	5.0B
Net Working Capital	654.7M	409.9M	1.1B	917.5M	1.1B	745.5M
Other Stockholder Equity	(7.2M)	(24.8M)	(25.8M)	17.8M	20.4M	21.5M
Property Plant And Equipment Net	452.5M	1.4B	2.1B	2.5B	2.9B	1.5B
Property Plant And Equipment Gross	577.3M	1.5B	2.1B	2.7B	3.1B	1.6B

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Other Information on Investing in BrightGene Stock

Balance Sheet is a snapshot of the financial position of BrightGene Bio Medical at a specified time, usually calculated after every quarter, six months, or one year. BrightGene Bio Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of BrightGene Bio and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which BrightGene currently owns. An asset can also be divided into two categories, current and non-current.

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BrightGene Total Stockholder Equity vs Common Stock Shares Outstanding Analysis

Total Stockholder Equity vs Common Stock Shares Outstanding

Total Stockholder Equity vs Common Stock Shares Outstanding Correlation Analysis

Correlation Coefficient

Total Stockholder Equity

Common Stock Shares Outstanding

BrightGene Bio fundamental ratios Correlations

BrightGene Bio Account Relationship Matchups

High Positive Relationship

High Negative Relationship

BrightGene Bio fundamental ratios Accounts

Currently Active Assets on Macroaxis

Other Information on Investing in BrightGene Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Retained Earnings	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Net Tangible Assets	+ 1.0	Total Stockholder Equity
Property Plant Equipment	+ 1.0	Non Current Assets Total
Common Stock Shares Outstanding	+ 1.0	Common Stock

Inventory	- 0.56	Other Current Liab
Common Stock Shares Outstanding	- 0.55	Other Current Liab
Common Stock	- 0.54	Other Current Liab
Intangible Assets	- 0.52	Other Current Liab
Retained Earnings	- 0.52	Other Current Liab
Total Stockholder Equity	- 0.52	Other Current Liab