Abcellera Common Stock vs Short Term Investments Analysis
ABCL Stock | USD 2.95 0.19 6.88% |
Abcellera Biologics financial indicator trend analysis is way more than just evaluating Abcellera Biologics prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Abcellera Biologics is a good investment. Please check the relationship between Abcellera Biologics Common Stock and its Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Abcellera Biologics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. For more information on how to buy Abcellera Stock please use our How to buy in Abcellera Stock guide.
Common Stock vs Short Term Investments
Common Stock vs Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Abcellera Biologics Common Stock account and Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Abcellera Biologics' Common Stock and Short Term Investments is -0.49. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Abcellera Biologics, assuming nothing else is changed. The correlation between historical values of Abcellera Biologics' Common Stock and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Abcellera Biologics are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Common Stock i.e., Abcellera Biologics' Common Stock and Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.49 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Common Stock
Short Term Investments
Short Term Investments is an item under the current assets section of Abcellera Biologics balance sheet. It contains any investments Abcellera Biologics undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Abcellera Biologics can easily liquidate in the marketplace.Most indicators from Abcellera Biologics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Abcellera Biologics 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, which includes a position in Abcellera Biologics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. For more information on how to buy Abcellera Stock please use our How to buy in Abcellera Stock guide.At this time, Abcellera Biologics' Selling General Administrative is quite stable compared to the past year. Sales General And Administrative To Revenue is expected to rise to 1.68 this year, although the value of Tax Provision is projected to rise to (26.2 M).
2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 1.8M | 33.1M | 30.9M | 32.4M | Interest Income | 3.3M | 16.1M | 42.2M | 44.4M |
Abcellera Biologics fundamental ratios Correlations
Click cells to compare fundamentals
Abcellera Biologics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Abcellera Biologics fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 23.5M | 1.0B | 1.3B | 1.5B | 1.5B | 989.6M | |
Short Long Term Debt Total | 6.9M | 6.1M | 36.4M | 82.3M | 77.4M | 39.0M | |
Other Current Liab | 129.3K | 52.6M | 77.5M | 76.3M | 68.4M | 50.4M | |
Total Current Liabilities | 7.9M | 103.5M | 120.7M | 118.3M | 119.0M | 87.2M | |
Total Stockholder Equity | 10.3M | 830.5M | 1.0B | 1.2B | 1.2B | 781.7M | |
Other Liab | 1.3M | 65.6M | 134.0M | 112.6M | 129.5M | 69.6M | |
Net Tangible Assets | 2.7M | 683.9M | 829.5M | 1.1B | 1.2B | 1.3B | |
Property Plant And Equipment Net | 8.5M | 17.9M | 111.6M | 217.3M | 287.7M | 302.1M | |
Current Deferred Revenue | 3.2M | 6.6M | 7.5M | 21.6M | 19.0M | 11.0M | |
Net Debt | (661.9K) | (588.0M) | (439.7M) | (304.3M) | (55.9M) | (58.7M) | |
Retained Earnings | (4.7M) | 114.2M | 267.7M | 426.2M | 279.8M | 198.1M | |
Accounts Payable | 1.6M | 7.3M | 32.0M | 14.8M | 25.5M | 15.2M | |
Cash | 7.6M | 594.1M | 476.1M | 386.5M | 133.3M | 126.7M | |
Non Current Assets Total | 10.8M | 192.2M | 388.8M | 515.4M | 616.1M | 317.1M | |
Cash And Short Term Investments | 7.6M | 594.1M | 723.0M | 886.5M | 760.6M | 546.7M | |
Net Receivables | 4.4M | 213.2M | 160.6M | 38.6M | 64.4M | 89.0M | |
Common Stock Total Equity | 5.1M | 710.4M | 722.4M | 734.4M | 844.5M | 479.0M | |
Common Stock Shares Outstanding | 154.1M | 269.5M | 318.3M | 314.8M | 289.2M | 290.3M | |
Liabilities And Stockholders Equity | 23.5M | 1.0B | 1.3B | 1.5B | 1.5B | 989.6M | |
Non Current Liabilities Total | 5.3M | 71.5M | 172.2M | 189.3M | 216.8M | 120.7M | |
Capital Lease Obligations | 3.1M | 3.7M | 36.4M | 82.3M | 77.4M | 81.2M | |
Other Current Assets | 1.8M | 4.6M | 21.2M | 98.9M | 45.9M | 31.7M | |
Other Stockholder Equity | 2.3M | 5.9M | 35.4M | 74.1M | 121.1M | 127.1M | |
Total Liab | 13.2M | 175.0M | 292.8M | 307.6M | 335.8M | 208.0M | |
Net Invested Capital | 6.5M | 832.9M | 1.0B | 1.2B | 1.2B | 780.7M | |
Property Plant And Equipment Gross | 8.5M | 17.9M | 121.4M | 235.7M | 318.3M | 334.2M | |
Total Current Assets | 12.6M | 813.3M | 929.8M | 1.0B | 872.0M | 672.5M | |
Capital Stock | 12.7M | 710.4M | 722.4M | 734.4M | 753.2M | 540.0M | |
Net Working Capital | 4.7M | 709.8M | 809.1M | 907.2M | 753.0M | 585.3M | |
Short Term Debt | 2.9M | 865K | 3.7M | 5.6M | 6.2M | 4.0M | |
Common Stock | 5.1M | 710.4M | 722.4M | 734.4M | 753.2M | 537.3M | |
Property Plant Equipment | 8.5M | 17.9M | 111.6M | 217.3M | 249.8M | 262.3M |
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Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Abcellera Biologics. If investors know Abcellera will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Abcellera Biologics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.459 | Earnings Share (0.61) | Revenue Per Share 0.112 | Quarterly Revenue Growth (0.01) | Return On Assets (0.13) |
The market value of Abcellera Biologics is measured differently than its book value, which is the value of Abcellera that is recorded on the company's balance sheet. Investors also form their own opinion of Abcellera Biologics' value that differs from its market value or its book value, called intrinsic value, which is Abcellera Biologics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Abcellera Biologics' market value can be influenced by many factors that don't directly affect Abcellera Biologics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Abcellera Biologics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Abcellera Biologics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Abcellera Biologics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.