Precigen Total Current Liabilities vs Cash And Short Term Investments Analysis
| PGEN Stock | USD 0.93 0.03 3.33% |
Precigen financial indicator trend analysis is much more than just breaking down Precigen prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Precigen is a good investment. Please check the relationship between Precigen Total Current Liabilities and its Cash And Short Term Investments accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Precigen. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. To learn how to invest in Precigen Stock, please use our How to Invest in Precigen guide.
Total Current Liabilities vs Cash And Short Term Investments
Total Current Liabilities vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Precigen Total Current Liabilities account and Cash And Short Term Investments. At this time, the significance of the direction appears to have weak relationship.
The correlation between Precigen's Total Current Liabilities and Cash And Short Term Investments is 0.39. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Precigen, assuming nothing else is changed. The correlation between historical values of Precigen's Total Current Liabilities and Cash 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 Total Current Liabilities of Precigen are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Total Current Liabilities i.e., Precigen's Total Current Liabilities and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.39 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Total Current Liabilities
Total Current Liabilities is an item on Precigen balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Precigen are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Precigen balance sheet. This account contains Precigen investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Precigen fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from Precigen's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Precigen 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Precigen. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. To learn how to invest in Precigen Stock, please use our How to Invest in Precigen guide.At this time, Precigen's Discontinued Operations is very stable compared to the past year. As of the 25th of November 2024, Sales General And Administrative To Revenue is likely to grow to 1.09, while Selling General Administrative is likely to drop about 38.4 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 18.9M | 6.8M | 468K | 444.6K | Depreciation And Amortization | 8.1M | 7.2M | 6.7M | 6.3M |
Precigen fundamental ratios Correlations
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Precigen Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Precigen fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 455.8M | 314.6M | 359.9M | 216.0M | 151.0M | 143.5M | |
| Short Long Term Debt Total | 247.9M | 182.3M | 194.2M | 51.4M | 7.1M | 6.7M | |
| Other Current Liab | 73.5M | 31.7M | 28.6M | 30.1M | 19.5M | 30.4M | |
| Total Current Liabilities | 122.9M | 42.1M | 34.6M | 78.6M | 23.0M | 21.8M | |
| Total Stockholder Equity | 71.7M | 67.2M | 107.3M | 126.3M | 118.5M | 112.6M | |
| Property Plant And Equipment Net | 86.2M | 44.3M | 45.2M | 15.4M | 14.2M | 13.5M | |
| Current Deferred Revenue | 5.7M | 2.8M | 4.4M | 25K | 509K | 483.6K | |
| Net Debt | 182.2M | 130.5M | 151.3M | 46.6M | (481K) | (457.0K) | |
| Retained Earnings | (1.7B) | (1.8B) | (1.9B) | (1.9B) | (2.0B) | (1.9B) | |
| Accounts Payable | 5.9M | 4.6M | 3.1M | 4.1M | 1.7M | 1.6M | |
| Cash | 65.8M | 51.8M | 42.9M | 4.9M | 7.6M | 7.2M | |
| Non Current Assets Total | 221.1M | 165.6M | 203.2M | 97.8M | 82.3M | 78.2M | |
| Non Currrent Assets Other | (13.9M) | (8.6M) | (14.8M) | (8.5M) | 497K | 521.9K | |
| Cash And Short Term Investments | 75.1M | 100.1M | 115.2M | 56.0M | 62.9M | 93.0M | |
| Net Receivables | 26.2M | 20.4M | 2.0M | 13.8M | 1.6M | 1.5M | |
| Common Stock Shares Outstanding | 154.1M | 167.1M | 197.8M | 200.4M | 244.5M | 134.9M | |
| Short Term Investments | 9.3M | 48.3M | 72.2M | 51.1M | 55.3M | 53.0M | |
| Liabilities And Stockholders Equity | 455.8M | 314.6M | 359.9M | 216.0M | 151.0M | 143.5M | |
| Non Current Liabilities Total | 261.1M | 205.3M | 217.9M | 11.1M | 9.6M | 9.1M | |
| Other Current Assets | 6.4M | 17.0M | 45.7M | 48.1M | 4.3M | 4.1M | |
| Other Stockholder Equity | 1.8B | 1.9B | 2.0B | 2.0B | 2.1B | 1.3B | |
| Total Liab | 384.1M | 247.4M | 252.5M | 89.7M | 32.5M | 30.9M | |
| Total Current Assets | 234.6M | 148.9M | 156.6M | 118.2M | 68.8M | 65.3M | |
| Accumulated Other Comprehensive Income | (27.5M) | 4.0M | 203K | (3.5M) | (1.9M) | (2.0M) | |
| Short Term Debt | 37.8M | 3.0M | 1.4M | 44.4M | 1.2M | 1.1M | |
| Intangible Assets | 68.3M | 65.4M | 54.1M | 44.5M | 40.7M | 78.7M | |
| Inventory | 21.4M | 16.1M | 11.4M | 13.3M | 287K | 0.95 | |
| Good Will | 63.8M | 54.4M | 54.1M | 36.9M | 26.6M | 25.3M | |
| Net Tangible Assets | (60.4M) | (52.6M) | (915K) | 126.3M | 113.6M | 81.8M | |
| Long Term Debt | 211.2M | 186.3M | 171.5M | 182.7M | 210.2M | 107.7M | |
| Retained Earnings Total Equity | (1.7B) | (1.8B) | (1.9B) | (1.9B) | (1.7B) | (1.8B) | |
| Long Term Debt Total | 211.2M | 186.3M | 171.5M | 182.7M | 210.2M | 107.7M | |
| Capital Surpluse | 1.8B | 1.9B | 2.0B | 2.0B | 2.3B | 1.7B | |
| Deferred Long Term Liab | 7.2M | 2.8M | 2.9M | 2.5M | 2.3M | 2.2M | |
| Non Current Liabilities Other | 57.4M | 72.0M | 30.9M | 32.6M | 37.5M | 27.7M | |
| Property Plant Equipment | 61.0M | 34.9M | 45.2M | 7.3M | 6.6M | 6.3M |
Pair Trading with Precigen
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Precigen position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Precigen will appreciate offsetting losses from the drop in the long position's value.Moving together with Precigen Stock
Moving against Precigen Stock
The ability to find closely correlated positions to Precigen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Precigen when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Precigen - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Precigen to buy it.
The correlation of Precigen is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Precigen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Precigen moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Precigen can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Precigen. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. To learn how to invest in Precigen Stock, please use our How to Invest in Precigen guide.You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
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 Precigen. If investors know Precigen 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 Precigen listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.54) | Revenue Per Share 0.018 | Quarterly Revenue Growth (0.59) | Return On Assets (0.42) | Return On Equity (1.29) |
The market value of Precigen is measured differently than its book value, which is the value of Precigen that is recorded on the company's balance sheet. Investors also form their own opinion of Precigen's value that differs from its market value or its book value, called intrinsic value, which is Precigen'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 Precigen's market value can be influenced by many factors that don't directly affect Precigen'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 Precigen's value and its price as these two are different measures arrived at by different means. Investors typically determine if Precigen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Precigen'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.