Precision Optics Reports Second Quarter Fiscal Year 2024 Financial Results

POCI Stock   5.01  0.14  2.72%   
Under 62% of Precision Optics,'s investor base is looking to short. The analysis of overall sentiment of trading Precision Optics, stock suggests that many investors are alarmed at this time. Precision Optics,'s investing sentiment shows overall attitude of investors towards Precision Optics,.
  
Precision Optics Corporation, Inc. , a leading designer and manufacturer of advanced optical instruments for the medical and defense industries, announced operating results on an unaudited basis for its second quarter fiscal year 2024 for the period ended December 31, 2023.

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Precision Optics, Fundamental Analysis

We analyze Precision Optics,'s financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Precision Optics, using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Precision Optics, 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.

Gross Profit

Gross Profit Comparative Analysis

Precision Optics, is currently under evaluation in gross profit category among its peers. Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.

Precision Optics, 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 Precision Optics, stock to make a market-neutral strategy. Peer analysis of Precision Optics, could also be used in its relative valuation, which is a method of valuing Precision Optics, by comparing valuation metrics with similar companies.

Peers

Precision Optics, Related Equities

RVPRetractable Technologies   3.23   
0%
70.0%
ESLOYEssilor International   0.62   
0%
13.0%
UTMDUtah Medical   0.50   
0%
10.0%
HOCPYHoya Corp   0.09   
0%
1.0%
CLPBFColoplast   0.00   
0%
0%
INFUInfuSystems Holdings   0.25   
5.0%
0%
KRMDRepro Med   0.50   
10.0%
0%
CLPBYColoplast   0.72   
15.0%
0%
ISRGIntuitive Surgical   0.73   
16.0%
0%
ESLOFEssilorLuxottica   0.73   
16.0%
0%
PDEXPro Dex   0.82   
18.0%
0%
MLSSMilestone Scientific   1.18   
25.0%
0%
SSMXYSysmex Corp   1.18   
25.0%
0%
FEMYFemasys   1.74   
38.0%
0%
SAUHYStraumann Holding   1.79   
39.0%
0%
BNGOBionano Genomics   4.55   
100.0%
0%

Complementary Tools for Precision Stock analysis

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