Cytek Capital Expenditures vs Sale Purchase Of Stock Analysis

CTKB Stock  USD 6.58  0.37  5.96%   
Cytek Biosciences financial indicator trend analysis is way more than just evaluating Cytek Biosciences prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cytek Biosciences is a good investment. Please check the relationship between Cytek Biosciences Capital Expenditures and its Sale Purchase Of Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cytek Biosciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.
For information on how to trade Cytek Stock refer to our How to Trade Cytek Stock guide.

Capital Expenditures vs Sale Purchase Of Stock

Capital Expenditures vs Sale Purchase Of Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cytek Biosciences Capital Expenditures account and Sale Purchase Of Stock. At this time, the significance of the direction appears to have pay attention.
The correlation between Cytek Biosciences' Capital Expenditures and Sale Purchase Of Stock is -0.79. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Sale Purchase Of Stock in the same time period over historical financial statements of Cytek Biosciences, assuming nothing else is changed. The correlation between historical values of Cytek Biosciences' Capital Expenditures and Sale Purchase Of Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Cytek Biosciences are associated (or correlated) with its Sale Purchase Of Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Sale Purchase Of Stock has no effect on the direction of Capital Expenditures i.e., Cytek Biosciences' Capital Expenditures and Sale Purchase Of Stock go up and down completely randomly.

Correlation Coefficient

-0.79
Relationship DirectionNegative 
Relationship StrengthWeak

Capital Expenditures

Capital Expenditures are funds used by Cytek Biosciences to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Cytek Biosciences operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Sale Purchase Of Stock

Most indicators from Cytek Biosciences' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cytek Biosciences current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cytek Biosciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.
For information on how to trade Cytek Stock refer to our How to Trade Cytek Stock guide.The current year's Enterprise Value is expected to grow to about 1.9 B, whereas Tax Provision is forecasted to decline to (1.9 M).
 2021 2022 2023 2024 (projected)
Depreciation And Amortization1.2M5.7M9.2M9.7M
Interest Income49K4.6M7.6M8.0M

Cytek Biosciences fundamental ratios Correlations

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0.980.970.940.930.940.90.84-0.830.870.870.870.890.950.610.940.940.930.940.6-0.390.950.950.89-0.150.95
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0.960.940.920.960.920.910.9-0.80.760.790.860.940.910.450.920.920.950.940.72-0.60.920.870.94-0.40.96
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0.80.840.90.770.840.90.96-0.50.510.650.590.990.770.130.710.880.850.780.81-0.430.90.790.75-0.240.77
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0.970.950.880.920.840.910.780.77-0.890.910.750.920.820.550.960.840.90.910.52-0.310.870.810.84-0.080.92
0.630.610.460.610.450.450.350.13-0.770.820.820.740.240.550.690.440.40.540.15-0.150.410.660.55-0.010.61
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0.970.940.930.990.980.940.830.78-0.830.790.760.840.840.910.540.920.940.990.47-0.640.940.90.98-0.420.99
0.570.60.580.540.480.720.80.81-0.390.390.640.510.810.520.150.550.560.50.47-0.30.560.580.5-0.210.54
-0.48-0.39-0.46-0.63-0.63-0.6-0.47-0.430.37-0.17-0.32-0.39-0.45-0.31-0.15-0.43-0.55-0.62-0.64-0.3-0.49-0.47-0.750.96-0.63
0.920.951.00.910.980.920.930.9-0.660.70.760.710.930.870.410.830.990.960.940.56-0.490.930.89-0.250.91
0.910.950.950.90.920.870.920.79-0.710.760.930.750.850.810.660.840.950.870.90.58-0.470.930.87-0.230.9
0.930.890.880.980.950.940.810.75-0.820.740.760.840.80.840.550.90.90.950.980.5-0.750.890.87-0.570.98
-0.25-0.15-0.21-0.43-0.4-0.4-0.26-0.240.210.03-0.12-0.22-0.25-0.08-0.01-0.23-0.31-0.4-0.42-0.210.96-0.25-0.23-0.57-0.42
0.980.950.911.00.940.960.830.77-0.890.840.810.910.830.920.610.960.910.960.990.54-0.630.910.90.98-0.42
Click cells to compare fundamentals

Cytek Biosciences Account Relationship Matchups

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When determining whether Cytek Biosciences offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cytek Biosciences' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cytek Biosciences Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cytek Biosciences Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cytek Biosciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.
For information on how to trade Cytek Stock refer to our How to Trade Cytek Stock guide.
You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cytek Biosciences. If investors know Cytek will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cytek Biosciences listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.658
Earnings Share
(0.08)
Revenue Per Share
1.527
Quarterly Revenue Growth
0.073
Return On Assets
(0.03)
The market value of Cytek Biosciences is measured differently than its book value, which is the value of Cytek that is recorded on the company's balance sheet. Investors also form their own opinion of Cytek Biosciences' value that differs from its market value or its book value, called intrinsic value, which is Cytek Biosciences' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cytek Biosciences' market value can be influenced by many factors that don't directly affect Cytek Biosciences' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cytek Biosciences' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cytek Biosciences is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cytek Biosciences' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.