We suggest to use analysis of Covalon Technologies fundamentals to see if markets are presently mispricing the company. We were able to interpolate thirty-two available fundamental indicators for Covalon Technologies, which can be compared to its peers. The stock experiences a normal upward fluctuation. Check odds of Covalon Technologies to be traded at C$2.42 in 90 days. Key indicators impacting Covalon Technologies' financial strength include:
Understanding current and past Covalon Technologies Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Covalon Technologies' financial statements are interrelated, with each one affecting the others. For example, an increase in Covalon Technologies' assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in Covalon Technologies' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Covalon Technologies. Check Covalon Technologies' Beneish M Score to see the likelihood of Covalon Technologies' management manipulating its earnings.
Covalon Technologies Stock Summary
Covalon Technologies competes with Biosyent, and Microbix Biosystems. Covalon Technologies Ltd. researches, develops, manufactures, commercializes, and licenses medical technologies and products in the United States, Canada, the United Kingdom, Europe, the Middle East, Asia, Latin America, and internationally. It serves hospitals, wound care centers, burn centers, extendedalternate care and acute care facilities, home health care agencies, and physicians offices. COVALON TECHNOLOGIES operates under Biotechnology classification in Exotistan and is traded on Commodity Exchange.
Foreign Associate
USA
Specialization
Health Care, Pharmaceuticals, Biotechnology & Life Sciences
You should never invest in Covalon Technologies without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Covalon Stock, because this is throwing your money away. Analyzing the key information contained in Covalon Technologies' financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Covalon Technologies Key Financial Ratios
There are many critical financial ratios that Covalon Technologies' investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Covalon Technologies reports annually and quarterly.
Comparative valuation techniques use various fundamental indicators to help in determining Covalon Technologies's current stock value. Our valuation model uses many indicators to compare Covalon Technologies value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Covalon Technologies competition to find correlations between indicators driving Covalon Technologies's intrinsic value. More Info.
Covalon Technologies is rated third in return on equity category among its peers. It also is rated third in return on asset category among its peers . At this time, Covalon Technologies' Return On Equity 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 Covalon Technologies' earnings, one of the primary drivers of an investment's value.
Covalon Technologies Systematic Risk
Covalon Technologies' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Covalon Technologies volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on Covalon Technologies correlated with the market. If Beta is less than 0 Covalon Technologies generally moves in the opposite direction as compared to the market. If Covalon Technologies Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Covalon Technologies is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Covalon Technologies is generally in the same direction as the market. If Beta > 1 Covalon Technologies moves generally in the same direction as, but more than the movement of the benchmark.
Covalon Technologies Total Assets Over Time
Today, most investors in Covalon Technologies Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Covalon Technologies' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Covalon Technologies growth as a starting point in their analysis.
Covalon Technologies March 23, 2025 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Covalon Technologies help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Covalon Technologies. We use our internally-developed statistical techniques to arrive at the intrinsic value of Covalon Technologies based on widely used predictive technical indicators. In general, we focus on analyzing Covalon Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Covalon Technologies's daily price indicators and compare them against related drivers.
When running Covalon Technologies' price analysis, check to measure Covalon Technologies' 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 Covalon Technologies is operating at the current time. Most of Covalon Technologies' value examination focuses on studying past and present price action to predict the probability of Covalon Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Covalon Technologies' price. Additionally, you may evaluate how the addition of Covalon Technologies to your portfolios can decrease your overall portfolio volatility.