Eargo Reports Second Quarter 2023 Financial Results
| EARDelisted Stock | USD 4.00 0.10 2.44% |
Slightly above 61% of Eargo,'s investor base is looking to short. The analysis of current outlook of investing in Eargo, Inc suggests that many traders are alarmed regarding Eargo,'s prospects. Eargo,'s investing sentiment overview a quick insight into current market opportunities from investing in Eargo, Inc. Many technical investors use Eargo, Inc stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Eargo, |
Recent Highlights Net revenues of 8.1 million in the second quarter of 2023, up 12 percent year-over-yearGross systems shipped of 5,098, up 14 percent year-over-yearGAAP total operating loss 25.8 million in the second quarter of 2023, compared to 31.4 million in the second quarter of 2022In connection with the implementation of the announced cost reduction plan, the Company expects to extend net operating cash runway into the second half of 2024 SAN JOSE, Calif., Aug. 10, 2023 Eargo, I
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Eargo, Fundamental Analysis
We analyze Eargo,'s financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Eargo, using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Eargo, 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.
Total Asset
Total Asset Comparative Analysis
Eargo, is currently under evaluation in total asset category among its peers. Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
Eargo, Inc 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 Eargo, stock to make a market-neutral strategy. Peer analysis of Eargo, could also be used in its relative valuation, which is a method of valuing Eargo, by comparing valuation metrics with similar companies.
Peers
Eargo, Related Equities
| APYX | Apyx Medical | 10.07 | ||||
| INGN | Inogen | 6.88 | ||||
| AXGN | Axogen | 4.86 | ||||
| AXDX | Accelerate Diagnostics | 4.67 | ||||
| ANIK | Anika Therapeutics | 2.68 | ||||
| KIDS | Orthopediatrics Corp | 2.37 | ||||
| CVRX | CVRx | 1.85 | ||||
| OFIX | Orthofix Medical | 1.12 | ||||
| SRDX | SurModics | 0.66 | ||||
| NPCE | Neuropace | 0.50 | ||||
| ELMD | Electromed | 0.38 | ||||
| LUCD | Lucid Diagnostics | 1.18 | ||||
| LUNG | Pulmonx Corp | 2.19 |
Check out Investing Opportunities 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 nation. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Other Consideration for investing in Eargo, Stock
If you are still planning to invest in Eargo, 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 Eargo,'s history and understand the potential risks before investing.
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