Qingdao NovelBeam (China) Today
| 688677 Stock | 35.83 0.39 1.08% |
Performance10 of 100
| Odds Of DistressLess than 9
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Qingdao NovelBeam is trading at 35.83 as of the 27th of November 2024, a 1.08% down since the beginning of the trading day. The stock's open price was 36.22. Qingdao NovelBeam has less than a 9 % chance of experiencing financial distress in the next few years and had a ok performance during the last 90 days. Equity ratings for Qingdao NovelBeam Technology are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of December 2023 and ending today, the 27th of November 2024. Click here to learn more.
Business Domain Health Care Equipment & Services | Category Healthcare | Classification Health Care |
Qingdao NovelBeam is entity of China. It is traded as Stock on SHG exchange. The company has 120.61 M outstanding shares. More on Qingdao NovelBeam Technology
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Qingdao Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Qingdao NovelBeam's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Qingdao NovelBeam or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Idea | Computers (View all Themes) | ||||
| Business Concentration | Health Care Equipment & Supplies, Health Care Equipment & Services, Health Care, Computers, Health Care, Health Care Equipment & Supplies, Medical Instruments & Supplies, Healthcare, Computing (View all Sectors) | ||||
Qingdao NovelBeam's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Qingdao NovelBeam's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Debt LevelsQingdao NovelBeam can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Qingdao NovelBeam's financial leverage. It provides some insight into what part of Qingdao NovelBeam's total assets is financed by creditors.
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Qingdao NovelBeam Technology (688677) is traded on Shanghai Stock Exchange in China and employs 797 people. Qingdao NovelBeam is listed under Health Care Equipment & Supplies category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 4.35 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Qingdao NovelBeam's market, we take the total number of its shares issued and multiply it by Qingdao NovelBeam's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Qingdao NovelBeam operates under Health Care Equipment & Supplies sector and is part of Health Care industry. The entity has 120.61 M outstanding shares.
Qingdao NovelBeam generates positive cash flow from operations, but has no cash available
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Ownership AllocationQingdao NovelBeam owns a total of 120.61 Million outstanding shares. Qingdao NovelBeam has significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Please note that no matter how many assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.
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Qingdao NovelBeam Risk Profiles
Although Qingdao NovelBeam's alpha and beta are two of the key measurements used to evaluate Qingdao NovelBeam's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 2.69 | |||
| Semi Deviation | 3.2 | |||
| Standard Deviation | 3.81 | |||
| Variance | 14.54 |
Qingdao Stock Against Markets
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Other Information on Investing in Qingdao Stock
Qingdao NovelBeam financial ratios help investors to determine whether Qingdao Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Qingdao with respect to the benefits of owning Qingdao NovelBeam security.