AuthID Ebitda vs Tax Provision Analysis
| AUID Stock | USD 6.56 0.18 2.67% |
AuthID financial indicator trend analysis is way more than just evaluating authID Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether authID Inc is a good investment. Please check the relationship between AuthID Ebitda and its Tax Provision accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in authID Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Ebitda vs Tax Provision
Ebitda vs Tax Provision Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of authID Inc Ebitda account and Tax Provision. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between AuthID's Ebitda and Tax Provision is 0.52. Overlapping area represents the amount of variation of Ebitda that can explain the historical movement of Tax Provision in the same time period over historical financial statements of authID Inc, assuming nothing else is changed. The correlation between historical values of AuthID's Ebitda and Tax Provision is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebitda of authID Inc are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Ebitda i.e., AuthID's Ebitda and Tax Provision go up and down completely randomly.
Correlation Coefficient | 0.52 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Ebitda
Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.Most indicators from AuthID's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into authID Inc 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 authID Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. At present, AuthID's Sales General And Administrative To Revenue is projected to increase significantly based on the last few years of reporting.
| 2021 | 2022 | 2023 | 2024 (projected) | Research Development | 1.6M | 6.3M | 2.8M | 1.6M | Interest Expense | 585.6K | 1.4M | 1.1M | 1.1M |
AuthID fundamental ratios Correlations
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AuthID Account Relationship Matchups
High Positive Relationship
High Negative Relationship
AuthID fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 13.5M | 13.9M | 13.8M | 9.4M | 15.4M | 9.3M | |
| Other Current Liab | 1.4M | 3.6M | 1.6M | 544.7K | 1.1M | 1.0M | |
| Total Current Liabilities | 2.7M | 2.9M | 2.9M | 1.2M | 1.7M | 1.6M | |
| Total Stockholder Equity | 8.3M | 4.6M | 10.9M | 283.5K | 13.2M | 13.9M | |
| Net Debt | 2.3M | 2.7M | (5.3M) | 4.6M | (10.0M) | (9.5M) | |
| Retained Earnings | (86.9M) | (98.2M) | (115.9M) | (140.1M) | (159.5M) | (151.6M) | |
| Cash | 567.1K | 3.8M | 6.0M | 3.2M | 10.2M | 10.7M | |
| Cash And Short Term Investments | 632.4K | 3.8M | 6.0M | 3.2M | 10.2M | 10.7M | |
| Common Stock Shares Outstanding | 2.1M | 2.3M | 2.7M | 3.1M | 6.2M | 6.5M | |
| Liabilities And Stockholders Equity | 13.5M | 13.9M | 13.8M | 9.4M | 15.4M | 9.3M | |
| Other Stockholder Equity | 95.0M | 102.6M | 126.6M | 140.3M | 172.7M | 181.4M | |
| Total Liab | 5.3M | 9.3M | 2.9M | 9.1M | 2.2M | 2.1M | |
| Total Current Assets | 1.7M | 4.4M | 6.9M | 4.3M | 10.9M | 11.4M | |
| Common Stock | 51.8K | 58.9K | 2.3K | 2.5K | 945.0 | 897.75 | |
| Property Plant And Equipment Net | 115.7K | 204K | 333.0K | 147.7K | 118.5K | 0.0 | |
| Accounts Payable | 621.3K | 311.0K | 548.1K | 623.1K | 339.8K | 496.2K | |
| Non Current Assets Total | 11.9M | 9.5M | 6.9M | 5.0M | 4.5M | 6.5M | |
| Non Currrent Assets Other | 83.9K | 190.4K | 69.2K | 278.0K | (1.0) | (0.95) | |
| Other Assets | 578.6K | 612.4K | 69.2K | 1.0 | 0.9 | 0.86 | |
| Net Receivables | 125.9K | 73.0K | 26.8K | 261.8K | 91.3K | 131.1K | |
| Intangible Assets | 5.7M | 4.5M | 2.5M | 566.3K | 327.0K | 310.7K | |
| Short Long Term Debt Total | 2.9M | 6.5M | 744.0K | 7.8M | 224.4K | 213.2K | |
| Current Deferred Revenue | 425.3K | 237.7K | 246.8K | 81.3K | 255.8K | 208.0K | |
| Non Current Liabilities Total | 2.6M | 6.3M | 1.6M | 7.8M | 549.4K | 522.0K | |
| Other Current Assets | 753.5K | 310.5K | 979.3K | 847.8K | 633.3K | 538.9K | |
| Short Term Debt | 282.8K | 162.6K | 742.4K | 662K | 761.3K | 431.6K | |
| Inventory | 173.6K | 255.0K | 153.1K | 498.1K | 572.8K | 295.5K | |
| Accumulated Other Comprehensive Income | 177.4K | 160.6K | 211.5K | 155.9K | 12.6K | 12.0K | |
| Net Tangible Assets | 3.0M | (2.7M) | (4.1M) | 8.0M | 9.2M | 9.7M | |
| Long Term Debt | 1.9M | 2.4M | 6.3M | 7.8M | 224.4K | 213.2K | |
| Capital Lease Obligations | 115.5K | 458.8K | 215.0K | 80.4K | 72.3K | 68.7K | |
| Net Invested Capital | 10.7M | 10.9M | 11.6M | 8.1M | 13.4M | 9.9M | |
| Net Working Capital | (996.0K) | 1.5M | 4.0M | 3.1M | 9.2M | 9.7M | |
| Property Plant Equipment | 204K | 333.0K | 97.8K | 118.5K | 106.7K | 154.1K | |
| Capital Stock | 51.8K | 58.9K | 2.3K | 2.5K | 945.0 | 897.75 |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether authID Inc is a strong investment it is important to analyze AuthID's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact AuthID's future performance. For an informed investment choice regarding AuthID Stock, refer to the following important reports:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in authID Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Is Application Software 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 AuthID. If investors know AuthID 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 AuthID listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.11) | Revenue Per Share 0.079 | Quarterly Revenue Growth 4.737 | Return On Assets (0.63) | Return On Equity (1.13) |
The market value of authID Inc is measured differently than its book value, which is the value of AuthID that is recorded on the company's balance sheet. Investors also form their own opinion of AuthID's value that differs from its market value or its book value, called intrinsic value, which is AuthID's 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 AuthID's market value can be influenced by many factors that don't directly affect AuthID's 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 AuthID's value and its price as these two are different measures arrived at by different means. Investors typically determine if AuthID is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AuthID's 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.