Nova Eye Operating Margin vs. Shares Outstanding
| EYE Stock | 0.15 0.01 7.14% |
For Nova Eye profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Nova Eye to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Nova Eye Medical utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Nova Eye's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Nova Eye Medical over time as well as its relative position and ranking within its peers.
Nova |
Nova Eye Medical Shares Outstanding vs. Operating Margin Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Nova Eye's current stock value. Our valuation model uses many indicators to compare Nova Eye value to that of its competitors to determine the firm's financial worth. Nova Eye Medical is one of the top stocks in operating margin category among its peers. It also is one of the top stocks in shares outstanding category among its peers . Common Stock Shares Outstanding is likely to gain to about 214.3 M in 2024. 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 Nova Eye's earnings, one of the primary drivers of an investment's value.Nova Shares Outstanding vs. Operating Margin
Operating Margin shows how much operating income a company makes on each dollar of sales. It is one of the profitability indicators which helps analysts to understand whether the firm is successful or not making money from everyday operations.
Nova Eye |
| = | (0.26) % |
A good Operating Margin is required for a company to be able to pay for its fixed costs or payout its debt, which implies that the higher the margin, the better. This ratio is most effective in evaluating the earning potential of a company over time when comparing it against a firm's competitors.
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Nova Eye |
| = | 229.06 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Nova Shares Outstanding Comparison
Nova Eye is currently under evaluation in shares outstanding category among its peers.
Nova Eye Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Nova Eye, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Nova Eye will eventually generate negative long term returns. The profitability progress is the general direction of Nova Eye's change in net profit over the period of time. It can combine multiple indicators of Nova Eye, 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 | -693 K | -658.4 K | |
| Operating Income | -3.8 M | -3.6 M | |
| Income Before Tax | -8.8 M | -8.4 M | |
| Total Other Income Expense Net | -5 M | -4.7 M | |
| Income Tax Expense | -5.2 M | -4.9 M | |
| Net Loss | -8.8 M | -8.4 M | |
| Interest Income | 124 K | 179 K | |
| Net Loss | -13.8 M | -13.1 M | |
| Net Interest Income | 54 K | 56.7 K | |
| Net Loss | -8.8 M | -9.2 M | |
| Change To Netincome | 5.4 M | 5.7 M |
Nova Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Nova Eye. 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 Nova Eye 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 Nova Eye's important profitability drivers and their relationship over time.
Use Nova Eye 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 Nova Eye 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 Nova Eye will appreciate offsetting losses from the drop in the long position's value.Nova Eye Pair Trading
Nova Eye Medical Pair Trading Analysis
The ability to find closely correlated positions to Nova Eye could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nova Eye 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 Nova Eye - 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 Nova Eye Medical to buy it.
The correlation of Nova Eye 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 Nova Eye moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nova Eye Medical 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 Nova Eye 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 Nova Eye position
In addition to having Nova Eye 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?
Run Giant Impact Thematic Idea Now
Giant Impact
An experimental equal-weighted decomposition of large high potential stocks based on Macroaxis scoring framework. The Giant Impact theme has 44 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 Giant Impact Theme or any other thematic opportunities.
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Additional Tools for Nova Stock Analysis
When running Nova Eye's price analysis, check to measure Nova Eye'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 Nova Eye is operating at the current time. Most of Nova Eye's value examination focuses on studying past and present price action to predict the probability of Nova Eye's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nova Eye's price. Additionally, you may evaluate how the addition of Nova Eye to your portfolios can decrease your overall portfolio volatility.