Wearable Devices Stock Current Ratio
| WLDS Stock | USD 1.93 0.20 9.39% |
Wearable Devices fundamentals help investors to digest information that contributes to Wearable Devices' financial success or failures. It also enables traders to predict the movement of Wearable Stock. The fundamental analysis module provides a way to measure Wearable Devices' 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 Wearable Devices stock.
| Last Reported | Projected for Next Year | ||
| Current Ratio | 3.78 | 2.58 |
Wearable | Current Ratio |
Wearable Devices Company Current Ratio Analysis
Wearable Devices' Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Current Wearable Devices Current Ratio | 0.32 X |
Most of Wearable Devices' fundamental indicators, such as Current Ratio, 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, Wearable Devices is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Wearable Current Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for Wearable Devices is extremely important. It helps to project a fair market value of Wearable Stock properly, considering its historical fundamentals such as Current Ratio. Since Wearable Devices' 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 Wearable Devices' 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 Wearable Devices' interrelated accounts and indicators.
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Wearable Current Ratio Historical Pattern
Today, most investors in Wearable Devices Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Wearable Devices' growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current ratio growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Wearable Devices current ratio as a starting point in their analysis.
Wearable Devices Current Ratio |
| Timeline |
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
| Competition |
Wearable Price To Sales Ratio
Price To Sales Ratio |
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In accordance with the recently published financial statements, Wearable Devices has a Current Ratio of 0.32 times. This is 88.69% lower than that of the Textiles, Apparel & Luxury Goods sector and 92.34% lower than that of the Consumer Discretionary industry. The current ratio for all United States stocks is 85.19% higher than that of the company.
Wearable Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Wearable Devices' direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Wearable Devices could also be used in its relative valuation, which is a method of valuing Wearable Devices by comparing valuation metrics of similar companies.Wearable Devices is currently under evaluation in current ratio category among its peers.
Wearable Fundamentals
| Return On Equity | -1.74 | ||||
| Return On Asset | -0.71 | ||||
| Operating Margin | (10.71) % | ||||
| Current Valuation | 4.1 M | ||||
| Shares Outstanding | 2.53 M | ||||
| Shares Owned By Insiders | 23.69 % | ||||
| Shares Owned By Institutions | 1.12 % | ||||
| Number Of Shares Shorted | 27.49 K | ||||
| Price To Book | 2.88 X | ||||
| Price To Sales | 11.63 X | ||||
| Revenue | 82 K | ||||
| Gross Profit | 35 K | ||||
| EBITDA | (8.12 M) | ||||
| Net Income | (7.81 M) | ||||
| Cash And Equivalents | 320 K | ||||
| Cash Per Share | 0.02 X | ||||
| Total Debt | 575 K | ||||
| Current Ratio | 0.32 X | ||||
| Book Value Per Share | 1.62 X | ||||
| Cash Flow From Operations | (8.43 M) | ||||
| Short Ratio | 0.38 X | ||||
| Earnings Per Share | (8.60) X | ||||
| Number Of Employees | 28 | ||||
| Beta | 2.92 | ||||
| Market Capitalization | 5.39 M | ||||
| Total Asset | 7.59 M | ||||
| Retained Earnings | (21.22 M) | ||||
| Working Capital | 4.96 M | ||||
| Net Asset | 7.59 M |
About Wearable Devices Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Wearable Devices's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Wearable Devices using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Wearable Devices 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.
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Additional Tools for Wearable Stock Analysis
When running Wearable Devices' price analysis, check to measure Wearable Devices' 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 Wearable Devices is operating at the current time. Most of Wearable Devices' value examination focuses on studying past and present price action to predict the probability of Wearable Devices' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wearable Devices' price. Additionally, you may evaluate how the addition of Wearable Devices to your portfolios can decrease your overall portfolio volatility.