Neurocrine Biosciences Lags Q2 Earnings Estimates
PROF Stock | USD 7.55 0.16 2.08% |
Roughly 61% of Profound Medical's investor base is looking to short. The analysis of overall sentiment of trading Profound Medical Corp stock suggests that many investors are alarmed at this time. The current market sentiment, together with Profound Medical's historical and current headlines, can help investors time the market. In addition, many technical investors use Profound Medical Corp stock news signals to limit their universe of possible portfolio assets.
Profound |
Neurocrine delivered earnings and revenue surprises of -45.22 percent and 7.56, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock
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Profound Medical Fundamental Analysis
We analyze Profound Medical's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Profound Medical using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Profound Medical 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.
Market Capitalization
Market Capitalization Comparative Analysis
Profound Medical is currently under evaluation in market capitalization category among its peers. Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.
Profound Medical Corp 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 Profound Medical stock to make a market-neutral strategy. Peer analysis of Profound Medical could also be used in its relative valuation, which is a method of valuing Profound Medical by comparing valuation metrics with similar companies.
Peers
Profound Medical Related Equities
ITGR | Integer Holdings | 0.70 | ||||
AORT | Artivion | 0.30 | ||||
KIDS | Orthopediatrics Corp | 0.22 | ||||
SRDX | SurModics | 0.15 | ||||
LIVN | LivaNova PLC | 0.12 | ||||
CVRX | CVRx | 0.07 | ||||
OFIX | Orthofix Medical | 0.05 | ||||
IRMD | Iradimed | 0.20 | ||||
SGHT | Sight Sciences | 0.26 | ||||
FNA | Paragon 28 | 0.57 | ||||
NVRO | Nevro Corp | 0.69 | ||||
ELMD | Electromed | 0.96 | ||||
SIBN | Si Bone | 2.61 | ||||
LUNG | Pulmonx Corp | 2.89 | ||||
NPCE | Neuropace | 3.74 |
Complementary Tools for Profound Stock analysis
When running Profound Medical's price analysis, check to measure Profound Medical's 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 Profound Medical is operating at the current time. Most of Profound Medical's value examination focuses on studying past and present price action to predict the probability of Profound Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Profound Medical's price. Additionally, you may evaluate how the addition of Profound Medical to your portfolios can decrease your overall portfolio volatility.
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