DriveItAway Price To Sales vs. Debt To Equity

DWAY Stock  USD 0.03  0.00  0.00%   
Based on the key profitability measurements obtained from DriveItAway's financial statements, DriveItAway may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in January. Profitability indicators assess DriveItAway's ability to earn profits and add value for shareholders.
For DriveItAway profitability analysis, we use financial ratios and fundamental drivers that measure the ability of DriveItAway to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well DriveItAway utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between DriveItAway's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of DriveItAway over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between DriveItAway's value and its price as these two are different measures arrived at by different means. Investors typically determine if DriveItAway is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DriveItAway'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.

DriveItAway Debt To Equity vs. Price To Sales Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining DriveItAway's current stock value. Our valuation model uses many indicators to compare DriveItAway value to that of its competitors to determine the firm's financial worth.
DriveItAway is one of the top stocks in price to sales category among its peers. It is rated # 2 in debt to equity category among its peers fabricating about  0.01  of Debt To Equity per Price To Sales. The ratio of Price To Sales to Debt To Equity for DriveItAway is roughly  78.11 . Comparative valuation analysis is a catch-all model that can be used if you cannot value DriveItAway by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for DriveItAway's Pink Sheet. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.

DriveItAway Debt To Equity vs. Price To Sales

Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.

DriveItAway

P/S

 = 

MV Per Share

Revenue Per Share

 = 
145.91 X
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
Debt to Equity is calculated by dividing the Total Debt of a company by its Equity. If the debt exceeds equity of a company, then the creditors have more stakes in a firm than the stockholders. In other words, Debt to Equity ratio provides analysts with insights about composition of both equity and debt, and its influence on the valuation of the company.

DriveItAway

D/E

 = 

Total Debt

Total Equity

 = 
1.87 %
High Debt to Equity ratio typically indicates that a firm has been borrowing aggressively to finance its growth and as a result may experience a burden of additional interest expense. This may reduce earnings or future growth. On the other hand a small D/E ratio may indicate that a company is not taking enough advantage from financial leverage. Debt to Equity ratio measures how the company is leveraging borrowing against the capital invested by the owners.

DriveItAway Debt To Equity Comparison

DriveItAway is currently under evaluation in debt to equity category among its peers.

DriveItAway Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in DriveItAway, profitability is also one of the essential criteria for including it into their portfolios because, without profit, DriveItAway will eventually generate negative long term returns. The profitability progress is the general direction of DriveItAway's change in net profit over the period of time. It can combine multiple indicators of DriveItAway, 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.
DriveItAway Inc. develops and offers a cloud platformconsumer application that enables dealers to sell vehicles through eCommerce, with its Pay as You Go app-based subscription program. The company was founded in 2017 and is based in Haddonfield, New Jersey. Driveitaway Hldgs is traded on OTC Exchange in the United States.

DriveItAway Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on DriveItAway. 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 DriveItAway 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 DriveItAway's important profitability drivers and their relationship over time.

Use DriveItAway 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 DriveItAway 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 DriveItAway will appreciate offsetting losses from the drop in the long position's value.

DriveItAway Pair Trading

DriveItAway Pair Trading Analysis

The ability to find closely correlated positions to DriveItAway could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DriveItAway 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 DriveItAway - 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 DriveItAway to buy it.
The correlation of DriveItAway 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 DriveItAway moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DriveItAway 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 DriveItAway 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your DriveItAway position

In addition to having DriveItAway 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.

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Run Adviser Favorites Thematic Idea Now

Adviser Favorites
Adviser Favorites Theme
Financial advisors frequently recommend that individuals diversify their investment portfolios with a mix of different types of stocks. These can include blue-chip stocks, growth stocks, and dividend stocks. The Adviser Favorites theme has 17 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Adviser Favorites Theme or any other thematic opportunities.
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Additional Tools for DriveItAway Pink Sheet Analysis

When running DriveItAway's price analysis, check to measure DriveItAway'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 DriveItAway is operating at the current time. Most of DriveItAway's value examination focuses on studying past and present price action to predict the probability of DriveItAway's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DriveItAway's price. Additionally, you may evaluate how the addition of DriveItAway to your portfolios can decrease your overall portfolio volatility.