Hls Therapeutics Stock Price To Sales

HLS Stock  CAD 3.51  0.01  0.28%   
HLS Therapeutics fundamentals help investors to digest information that contributes to HLS Therapeutics' financial success or failures. It also enables traders to predict the movement of HLS Stock. The fundamental analysis module provides a way to measure HLS Therapeutics' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to HLS Therapeutics stock.
Last ReportedProjected for Next Year
Price To Sales Ratio 1.96  1.22 
As of the 4th of December 2024, Price To Sales Ratio is likely to drop to 1.22.
  
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HLS Therapeutics Company Price To Sales Analysis

HLS Therapeutics' 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.

P/S

 = 

MV Per Share

Revenue Per Share

More About Price To Sales | All Equity Analysis

Current HLS Therapeutics Price To Sales

    
  1.97 X  
Most of HLS Therapeutics' fundamental indicators, such as Price To Sales, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, HLS Therapeutics is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

HLS Price To Sales Driver Correlations

Understanding the fundamental principles of building solid financial models for HLS Therapeutics is extremely important. It helps to project a fair market value of HLS Stock properly, considering its historical fundamentals such as Price To Sales. Since HLS Therapeutics' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of HLS Therapeutics' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of HLS Therapeutics' interrelated accounts and indicators.
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.
Competition

HLS Price To Sales Ratio

Price To Sales Ratio

1.22

At this time, HLS Therapeutics' Price To Sales Ratio is very stable compared to the past year.
Based on the latest financial disclosure, HLS Therapeutics has a Price To Sales of 1.9654 times. This is 90.82% lower than that of the Pharmaceuticals sector and 94.3% lower than that of the Health Care industry. The price to sales for all Canada stocks is 82.79% higher than that of the company.

HLS Therapeutics Current Valuation Drivers

We derive many important indicators used in calculating different scores of HLS Therapeutics from analyzing HLS Therapeutics' financial statements. These drivers represent accounts that assess HLS Therapeutics' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of HLS Therapeutics' important valuation drivers and their relationship over time.
201920202021202220232024 (projected)
Market Cap557.2M439.1M371.4M235.1M123.9M70.9M
Enterprise Value603.3M525.6M447.8M311.8M189.6M199.0M

HLS Fundamentals

About HLS Therapeutics Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze HLS Therapeutics's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of HLS Therapeutics using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of HLS Therapeutics based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

Pair Trading with HLS Therapeutics

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 HLS Therapeutics 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 HLS Therapeutics will appreciate offsetting losses from the drop in the long position's value.

Moving against HLS Stock

  0.35EOG Eco Atlantic OilPairCorr
The ability to find closely correlated positions to HLS Therapeutics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HLS Therapeutics 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 HLS Therapeutics - 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 HLS Therapeutics to buy it.
The correlation of HLS Therapeutics 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 HLS Therapeutics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HLS Therapeutics 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 HLS Therapeutics 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

Other Information on Investing in HLS Stock

HLS Therapeutics financial ratios help investors to determine whether HLS 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 HLS with respect to the benefits of owning HLS Therapeutics security.