Solitron Devices Price To Sales vs. Cash Per Share
| SODI Stock | USD 16.02 0.72 4.30% |
For Solitron Devices profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Solitron Devices to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Solitron Devices utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Solitron Devices's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Solitron Devices over time as well as its relative position and ranking within its peers.
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Solitron Devices Cash Per Share vs. Price To Sales Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Solitron Devices's current stock value. Our valuation model uses many indicators to compare Solitron Devices value to that of its competitors to determine the firm's financial worth. Solitron Devices is currently regarded as top stock in price to sales category among its peers. It also is currently regarded as top stock in cash per share category among its peers fabricating about 0.95 of Cash Per Share per Price To Sales. The ratio of Price To Sales to Cash Per Share for Solitron Devices is roughly 1.06 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Solitron Devices by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Solitron Devices' 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.Solitron Cash Per Share 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.
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| = | 2.22 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.
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.
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| = | 2.10 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.
Solitron Cash Per Share Comparison
Solitron Devices is currently under evaluation in cash per share category among its peers.
Solitron Devices Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Solitron Devices, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Solitron Devices will eventually generate negative long term returns. The profitability progress is the general direction of Solitron Devices' change in net profit over the period of time. It can combine multiple indicators of Solitron Devices, 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.
Solitron Devices, Inc. designs, develops, manufactures, and markets solid-state semiconductor components and related devices primarily for the military and aerospace markets. The company was incorporated in 1959 and is headquartered in West Palm Beach, Florida. Solitron Devices operates under Semiconductor Equipment Materials classification in the United States and is traded on OTC Exchange. It employs 54 people.
Solitron Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Solitron Devices. 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 Solitron Devices 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 Solitron Devices' important profitability drivers and their relationship over time.
Use Solitron Devices 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 Solitron Devices 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 Solitron Devices will appreciate offsetting losses from the drop in the long position's value.Solitron Devices Pair Trading
Solitron Devices Pair Trading Analysis
The ability to find closely correlated positions to Solitron Devices could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Solitron Devices 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 Solitron Devices - 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 Solitron Devices to buy it.
The correlation of Solitron Devices 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 Solitron Devices moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Solitron Devices 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 Solitron Devices 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 Solitron Devices position
In addition to having Solitron Devices 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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Other Information on Investing in Solitron Pink Sheet
To fully project Solitron Devices' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Solitron Devices at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Solitron Devices' income statement, its balance sheet, and the statement of cash flows.