Ontrak Inc Preferred Stock Current Valuation
Valuation analysis of Ontrak Inc helps investors to measure Ontrak's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns.
Ontrak Inc Company Current Valuation Analysis
Ontrak's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Current Ontrak Current Valuation | 200.23 M |
Most of Ontrak's fundamental indicators, such as Current Valuation, 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, Ontrak Inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
CompetitionIn accordance with the recently published financial statements, Ontrak Inc has a Current Valuation of 200.23 M. This is 98.61% lower than that of the Healthcare sector and significantly higher than that of the Health Information Services industry. The current valuation for all United States preferred stocks is 98.8% higher than that of the company.
Ontrak Current Valuation Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Ontrak's direct or indirect competition against its Current Valuation to detect undervalued stocks with similar characteristics or determine the preferred stocks which would be a good addition to a portfolio. Peer analysis of Ontrak could also be used in its relative valuation, which is a method of valuing Ontrak by comparing valuation metrics of similar companies.Ontrak is currently under evaluation in current valuation category among its peers.
Ontrak Fundamentals
| Return On Equity | -1.91 | ||||
| Return On Asset | -0.39 | ||||
| Profit Margin | (2.80) % | ||||
| Operating Margin | (2.04) % | ||||
| Current Valuation | 200.23 M | ||||
| Number Of Shares Shorted | 17.23 K | ||||
| Revenue | 84.13 M | ||||
| Gross Profit | 52.92 M | ||||
| EBITDA | (24.98 M) | ||||
| Net Income | (37.14 M) | ||||
| Cash And Equivalents | 10.05 M | ||||
| Cash Per Share | 0.39 X | ||||
| Total Debt | 35.79 M | ||||
| Debt To Equity | 0.44 % | ||||
| Current Ratio | 2.72 X | ||||
| Book Value Per Share | 0.49 X | ||||
| Cash Flow From Operations | (26.16 M) | ||||
| Short Ratio | 0.34 X | ||||
| Earnings Per Share | (2.84) X | ||||
| Number Of Employees | 231 | ||||
| Beta | 2.72 | ||||
| Total Asset | 93.68 M | ||||
| Annual Yield | 1.41 % | ||||
| Net Asset | 93.68 M |
Pair Trading with Ontrak
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 Ontrak 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 Ontrak will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Prudential Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Prudential Financial 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 Prudential Financial - 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 Prudential Financial to buy it.
The correlation of Prudential Financial 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 Prudential Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Prudential Financial 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 Prudential Financial 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.Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Other Consideration for investing in Ontrak Preferred Stock
If you are still planning to invest in Ontrak Inc check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Ontrak's history and understand the potential risks before investing.
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