Biotricity, Inc. Q2 2024 Earnings Call Transcript
Slightly above 67% of Biotricity's investor base is looking to short. The analysis of overall sentiment of trading Biotricity stock suggests that many investors are alarmed at this time. Biotricity's investing sentiment can be driven by a variety of factors including economic data, Biotricity's earnings reports, geopolitical events, and overall market trends.
Biotricity |
Biotricity, Inc. Q2 2024 Earnings Call Transcript November 14, 2023 Operator Good afternoon, and welcome to Biotricitys Second Quarter Fiscal 2024 Financial Results and Business Update Conference Call. Todays conference is being recorded. And at this time, I would like to turn the conference over to Debra Chen with Investor Relations. Please go ahead,
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Biotricity Fundamental Analysis
We analyze Biotricity's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Biotricity using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Biotricity 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.
Debt To Equity
Debt To Equity Comparative Analysis
Biotricity is currently under evaluation in debt to equity category among its peers. Debt to Equity is calculated by dividing the Total Debt of a company by its Equity. If the debt exceeds equity of a company, then the creditors have more stakes in a firm than the stockholders. In other words, Debt to Equity ratio provides analysts with insights about composition of both equity and debt, and its influence on the valuation of the company.
Biotricity Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Biotricity stock to make a market-neutral strategy. Peer analysis of Biotricity could also be used in its relative valuation, which is a method of valuing Biotricity by comparing valuation metrics with similar companies.
Peers
Biotricity Related Equities
HSCS | Heart Test | 4.23 | ||||
CVRX | CVRx | 1.30 | ||||
SRDX | SurModics | 0.46 | ||||
NSYS | Nortech Systems | 0.20 | ||||
BJDX | Bluejay Diagnostics | 0.78 | ||||
DCTH | Delcath Systems | 1.87 | ||||
AIMD | Ainos | 1.92 | ||||
MOVE | Movano | 1.99 | ||||
BBLG | Bone Biologics | 2.38 | ||||
PAVM | PAVmed | 2.60 | ||||
NVNO | EnVVeno Medical | 2.83 | ||||
MXCT | MaxCyte | 3.19 | ||||
MODD | Modular Medical | 3.51 | ||||
CLPT | Clearpoint Neuro | 3.62 | ||||
BSGM | BioSig Technologies, | 4.84 | ||||
BMRA | Biomerica | 6.45 | ||||
TELA | Tela Bio | 9.49 |
Check out Trending Equities 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 main economic indicators. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Other Consideration for investing in Biotricity Stock
If you are still planning to invest in Biotricity 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 Biotricity's history and understand the potential risks before investing.
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