Envveno Medical Corp Stock Fundamentals
| NVNO Stock | USD 2.91 0.12 4.30% |
enVVeno Medical Corp fundamentals help investors to digest information that contributes to EnVVeno Medical's financial success or failures. It also enables traders to predict the movement of EnVVeno Stock. The fundamental analysis module provides a way to measure EnVVeno Medical's 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 EnVVeno Medical stock.
EnVVeno |
enVVeno Medical Corp Company Return On Equity Analysis
EnVVeno Medical's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current EnVVeno Medical Return On Equity | -0.49 |
Most of EnVVeno Medical's fundamental indicators, such as Return On Equity, 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, enVVeno Medical Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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Based on the latest financial disclosure, enVVeno Medical Corp has a Return On Equity of -0.4939. This is 97.94% lower than that of the Health Care Equipment & Supplies sector and 94.34% lower than that of the Health Care industry. The return on equity for all United States stocks is 59.32% higher than that of the company.
enVVeno Medical Corp Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining EnVVeno Medical's current stock value. Our valuation model uses many indicators to compare EnVVeno Medical value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across EnVVeno Medical competition to find correlations between indicators driving EnVVeno Medical's intrinsic value. More Info.enVVeno Medical Corp is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers . 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 EnVVeno Medical's earnings, one of the primary drivers of an investment's value.EnVVeno Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses EnVVeno Medical's direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of EnVVeno Medical could also be used in its relative valuation, which is a method of valuing EnVVeno Medical by comparing valuation metrics of similar companies.EnVVeno Medical is currently under evaluation in return on equity category among its peers.
EnVVeno Fundamentals
| Return On Equity | -0.49 | ||||
| Return On Asset | -0.32 | ||||
| Current Valuation | 8.24 M | ||||
| Shares Outstanding | 17.54 M | ||||
| Shares Owned By Insiders | 0.80 % | ||||
| Shares Owned By Institutions | 24.37 % | ||||
| Number Of Shares Shorted | 427.14 K | ||||
| Price To Book | 1.19 X | ||||
| EBITDA | (23.83 M) | ||||
| Net Income | (21.82 M) | ||||
| Cash And Equivalents | 37.48 M | ||||
| Cash Per Share | 3.96 X | ||||
| Total Debt | 1.06 M | ||||
| Debt To Equity | 0.04 % | ||||
| Current Ratio | 20.79 X | ||||
| Book Value Per Share | 2.40 X | ||||
| Cash Flow From Operations | (16.84 M) | ||||
| Short Ratio | 5.40 X | ||||
| Earnings Per Share | (1.27) X | ||||
| Target Price | 16.5 | ||||
| Number Of Employees | 37 | ||||
| Beta | 1.38 | ||||
| Market Capitalization | 48.93 M | ||||
| Total Asset | 44.95 M | ||||
| Retained Earnings | (151.85 M) | ||||
| Working Capital | 41.64 M | ||||
| Net Asset | 44.95 M |
About EnVVeno Medical Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze enVVeno Medical Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of EnVVeno Medical using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of enVVeno Medical Corp 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.enVVeno Medical Corporation, a medical device company, focuses on the development of various bioprosthetic tissue-based solutions to enhance the standard of care in the treatment of venous diseases. The company was formerly known as Hancock Jaffe Laboratories, Inc. and changed its name to enVVeno Medical Corporation in October 2021. enVVeno Medical Corporation was incorporated in 1999 and is based in Irvine, California. Envveno Medical operates under Medical Devices classification in the United States and is traded on NASDAQ Exchange. It employs 24 people.
When determining whether enVVeno Medical Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of EnVVeno Medical's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Envveno Medical Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Envveno Medical Corp Stock: Check out EnVVeno Medical Piotroski F Score and EnVVeno Medical Altman Z Score analysis. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of EnVVeno Medical. If investors know EnVVeno will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about EnVVeno Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of enVVeno Medical Corp is measured differently than its book value, which is the value of EnVVeno that is recorded on the company's balance sheet. Investors also form their own opinion of EnVVeno Medical's value that differs from its market value or its book value, called intrinsic value, which is EnVVeno Medical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because EnVVeno Medical's market value can be influenced by many factors that don't directly affect EnVVeno Medical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between EnVVeno Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if EnVVeno Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EnVVeno Medical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.