Black Diamond Current Ratio vs. Cash Per Share
| BDTX Stock | USD 2.54 0.11 4.53% |
Current Ratio | First Reported 2010-12-31 | Previous Quarter 6.8224575 | Current Value 6.48 | Quarterly Volatility 8.75558001 |
For Black Diamond profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Black Diamond to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Black Diamond Therapeutics utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Black Diamond's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Black Diamond Therapeutics over time as well as its relative position and ranking within its peers.
Black |
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 Black Diamond. If investors know Black 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 Black Diamond listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.33) | Return On Assets (0.33) | Return On Equity (0.63) |
The market value of Black Diamond Therap is measured differently than its book value, which is the value of Black that is recorded on the company's balance sheet. Investors also form their own opinion of Black Diamond's value that differs from its market value or its book value, called intrinsic value, which is Black Diamond'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 Black Diamond's market value can be influenced by many factors that don't directly affect Black Diamond'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 Black Diamond's value and its price as these two are different measures arrived at by different means. Investors typically determine if Black Diamond is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Black Diamond'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.
Black Diamond Therap Cash Per Share vs. Current Ratio Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Black Diamond's current stock value. Our valuation model uses many indicators to compare Black Diamond value to that of its competitors to determine the firm's financial worth. Black Diamond Therapeutics is rated fifth in current ratio category among its peers. It is rated third in cash per share category among its peers fabricating about 0.52 of Cash Per Share per Current Ratio. The ratio of Current Ratio to Cash Per Share for Black Diamond Therapeutics is roughly 1.93 . At this time, Black Diamond's Current Ratio is fairly stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Black Diamond's earnings, one of the primary drivers of an investment's value.Black Cash Per Share vs. Current Ratio
Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Black Diamond |
| = | 8.55 X |
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
Black Diamond |
| = | 4.43 X |
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
Black Cash Per Share Comparison
Black Diamond is currently under evaluation in cash per share category among its peers.
Black Diamond Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Black Diamond, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Black Diamond will eventually generate negative long term returns. The profitability progress is the general direction of Black Diamond's change in net profit over the period of time. It can combine multiple indicators of Black Diamond, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | -27 K | -28.4 K | |
| Net Interest Income | 1.9 M | 1.9 M | |
| Interest Income | 1.9 M | 1.9 M | |
| Operating Income | -86.5 M | -90.8 M | |
| Net Loss | -82.4 M | -86.6 M | |
| Income Before Tax | -82.4 M | -86.6 M | |
| Total Other Income Expense Net | 4 M | 4.2 M | |
| Net Loss | -82.1 M | -86.2 M | |
| Net Loss | -82.4 M | -86.6 M | |
| Income Tax Expense | -4 M | -3.8 M | |
| Non Operating Income Net Other | 1.5 M | 1.4 M | |
| Change To Netincome | 14 M | 9.4 M | |
| Net Loss | (1.88) | (1.97) | |
| Income Quality | 0.81 | 0.62 | |
| Net Income Per E B T | 1.09 | 1.12 |
Black Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Black Diamond. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Black Diamond position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Black Diamond's important profitability drivers and their relationship over time.
Use Black Diamond in pair-trading
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 Black Diamond 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 Black Diamond will appreciate offsetting losses from the drop in the long position's value.Black Diamond Pair Trading
Black Diamond Therapeutics Pair Trading Analysis
The ability to find closely correlated positions to Black Diamond could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Black Diamond 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 Black Diamond - 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 Black Diamond Therapeutics to buy it.
The correlation of Black Diamond 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 Black Diamond moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Black Diamond Therap 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 Black Diamond 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.Use Investing Themes to Complement your Black Diamond position
In addition to having Black Diamond in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Financials ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Financials ETFs theme has 45 constituents at this time.
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Additional Tools for Black Stock Analysis
When running Black Diamond's price analysis, check to measure Black Diamond'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 Black Diamond is operating at the current time. Most of Black Diamond's value examination focuses on studying past and present price action to predict the probability of Black Diamond's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Black Diamond's price. Additionally, you may evaluate how the addition of Black Diamond to your portfolios can decrease your overall portfolio volatility.