Silk Road Medical Inc Q2 2024 Earnings Revenue Surpasses Estimates at 51. ...
| SILKDelisted Stock | USD 27.49 0.00 0.00% |
About 56% of Silk Road's investor base is looking to short. The analysis of current outlook of investing in Silk Road Medical suggests that many traders are alarmed regarding Silk Road's prospects. Silk Road's investing sentiment shows overall attitude of investors towards Silk Road Medical.
Silk |
Revenue 51.2 million, up by 13 percent year-over-year, surpassing estimates of 49.60 million.Gross Profit 38.5 million, an increase from 32.3 million in the sam
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Silk Road Fundamental Analysis
We analyze Silk Road's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Silk Road using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Silk Road 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.
Current Valuation
Current Valuation Comparative Analysis
Silk Road is currently under evaluation in current valuation category among its peers. Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Silk Road Medical 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 Silk Road stock to make a market-neutral strategy. Peer analysis of Silk Road could also be used in its relative valuation, which is a method of valuing Silk Road by comparing valuation metrics with similar companies.
Peers
Silk Road Related Equities
| FNA | Paragon 28 | 5.81 | ||||
| RXST | Rxsight | 4.25 | ||||
| TMDX | TransMedics | 3.89 | ||||
| NPCE | Neuropace | 3.40 | ||||
| SIBN | Si Bone | 2.44 | ||||
| LIVN | LivaNova PLC | 2.07 | ||||
| KIDS | Orthopediatrics Corp | 0.73 | ||||
| TMCI | Treace Medical | 0.38 | ||||
| OFIX | Orthofix Medical | 0.63 | ||||
| AXGN | Axogen | 2.25 | ||||
| NARI | Inari Medical | 2.51 | ||||
| SGHT | Sight Sciences | 2.51 | ||||
| LUNG | Pulmonx Corp | 3.53 |
Check out World Market Map 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 bureau of economic analysis. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Other Consideration for investing in Silk Stock
If you are still planning to invest in Silk Road Medical 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 Silk Road's history and understand the potential risks before investing.
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