Helius Medical Technologies Stock Piotroski F Score

HSDT Stock  USD 0.46  0.03  6.12%   
This module uses fundamental data of Helius Medical to approximate its Piotroski F score. Helius Medical F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Helius Medical Technologies. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Helius Medical financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Helius Medical Altman Z Score, Helius Medical Correlation, Helius Medical Valuation, as well as analyze Helius Medical Alpha and Beta and Helius Medical Hype Analysis.
  
At this time, Helius Medical's Short and Long Term Debt is comparatively stable compared to the past year. Debt To Equity is likely to gain to 0.04 in 2024, whereas Long Term Debt is likely to drop slightly above 1.8 M in 2024. At this time, Helius Medical's Debt To Equity is comparatively stable compared to the past year.
At this time, it appears that Helius Medical's Piotroski F Score is Frail. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
2.0
Piotroski F Score - Frail
Current Return On Assets

Negative

Focus
Change in Return on Assets

Decreased

Focus
Cash Flow Return on Assets

Negative

Focus
Current Quality of Earnings (accrual)

Decreasing

Focus
Asset Turnover Growth

Decrease

Focus
Current Ratio Change

Decrease

Focus
Long Term Debt Over Assets Change

Lower Leverage

Focus
Change In Outstending Shares

Decrease

Focus
Change in Gross Margin

No Change

Focus

Helius Medical Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Helius Medical is to make sure Helius is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Helius Medical's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Helius Medical's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.07870.0837
Notably Down
Slightly volatile
Gross Profit Margin0.090.0947
Notably Down
Slightly volatile
Total Current Liabilities1.8 M1.9 M
Notably Down
Pretty Stable
Non Current Liabilities Total2.6 M3.5 M
Way Down
Slightly volatile
Total Assets9.9 M7.7 M
Significantly Up
Slightly volatile
Total Current Assets9.1 M7.4 M
Fairly Up
Slightly volatile

Helius Medical Techn F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Helius Medical's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Helius Medical in a much-optimized way.

About Helius Medical Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Book Value Per Share

3.67

At this time, Helius Medical's Book Value Per Share is comparatively stable compared to the past year.

About Helius Medical Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Helius Medical Technologies's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Helius Medical using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Helius Medical Technologies 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.

Thematic Opportunities

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Additional Tools for Helius Stock Analysis

When running Helius Medical's price analysis, check to measure Helius Medical'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 Helius Medical is operating at the current time. Most of Helius Medical's value examination focuses on studying past and present price action to predict the probability of Helius Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Helius Medical's price. Additionally, you may evaluate how the addition of Helius Medical to your portfolios can decrease your overall portfolio volatility.