EnVVeno Historical Cash Flow
| NVNO Stock | USD 2.79 0.07 2.45% |
Analysis of EnVVeno Medical cash flow over time is an excellent tool to project enVVeno Medical Corp future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Change To Account Receivables of 0.0 or Total Cash From Financing Activities of 15 M as it is a great indicator of EnVVeno Medical ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining enVVeno Medical Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether enVVeno Medical Corp is a good buy for the upcoming year.
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About EnVVeno Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in EnVVeno balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which EnVVeno's non-liquid assets can be easily converted into cash.
EnVVeno Medical Cash Flow Chart
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Change To Inventory
The increase or decrease in the amount of inventory a company has over a certain period.Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.Change In Working Capital
The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.Most accounts from EnVVeno Medical's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into enVVeno Medical Corp current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in enVVeno Medical Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, EnVVeno Medical's Investments are very stable compared to the past year. As of the 19th of December 2024, Change To Netincome is likely to grow to about 10.9 M, though Change To Inventory is likely to grow to (185.6 K).
EnVVeno Medical cash flow statement Correlations
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EnVVeno Medical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
EnVVeno Medical cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (623.4K) | 7.2M | 45.4M | (50.2M) | (935K) | (888.3K) | |
| Free Cash Flow | (6.3M) | (7.9M) | (12.2M) | (15.7M) | (18.9M) | (17.9M) | |
| Change In Working Capital | 66.8K | 665.8K | (1.1M) | (130K) | (616K) | (585.2K) | |
| Begin Period Cash Flow | 2.7M | 2.1M | 9.3M | 54.7M | 4.6M | 4.3M | |
| Other Cashflows From Financing Activities | 5.6K | 16.1M | 244.9K | (34.6M) | (7.9M) | (7.5M) | |
| Depreciation | 396.7K | 384.0K | 452.9K | 525K | 546K | 348.8K | |
| Other Non Cash Items | (265.2K) | (288.7K) | (312.6K) | (339K) | (468K) | (444.6K) | |
| Capital Expenditures | 363.9K | 180.3K | 367.9K | 115K | 33K | 31.4K | |
| Total Cash From Operating Activities | (5.9M) | (7.7M) | (11.8M) | (15.6M) | (18.9M) | (17.9M) | |
| Net Income | (7.6M) | (9.1M) | (16.5M) | (24.7M) | (23.5M) | (22.3M) | |
| Total Cash From Financing Activities | 5.6M | 15.1M | 57.6M | (4.1K) | 25.8M | 15.0M | |
| End Period Cash Flow | 2.1M | 9.3M | 54.7M | 4.6M | 3.6M | 3.4M | |
| Stock Based Compensation | 942.0K | 881.2K | 6.0M | 9.0M | 5.2M | 3.6M | |
| Investments | (363.9K) | (180.3K) | (367.9K) | (34.4M) | 19.8M | 20.8M | |
| Total Cashflows From Investing Activities | (363.9K) | (180.3K) | (367.9K) | (34.6M) | (31.1M) | (29.5M) | |
| Change To Operating Activities | (374.5K) | 207.9K | (624.7K) | (508K) | (457.2K) | (434.3K) | |
| Change To Netincome | 1.5M | 697.2K | 5.7M | 9.1M | 10.4M | 10.9M | |
| Change To Liabilities | 144.1K | 169.2K | (832.7K) | 88K | 79.2K | 83.2K | |
| Issuance Of Capital Stock | 5.6M | 11.8M | 57.4M | (9.4K) | 25.8M | 19.8M |
Pair Trading with EnVVeno Medical
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if EnVVeno Medical position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in EnVVeno Medical will appreciate offsetting losses from the drop in the long position's value.Moving against EnVVeno Stock
| 0.57 | ECOR | Electrocore LLC Upward Rally | PairCorr |
| 0.55 | MD | Mednax Inc | PairCorr |
| 0.49 | VREX | Varex Imaging Corp | PairCorr |
| 0.48 | OM | Outset Medical | PairCorr |
| 0.44 | DOCS | Doximity | PairCorr |
The ability to find closely correlated positions to EnVVeno Medical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EnVVeno Medical when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back EnVVeno Medical - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling enVVeno Medical Corp to buy it.
The correlation of EnVVeno Medical is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as EnVVeno Medical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if enVVeno Medical Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for EnVVeno Medical can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in enVVeno Medical Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
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 EnVVeno Medical. If investors know EnVVeno 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 EnVVeno Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.29) | Return On Assets (0.37) | Return On Equity (0.59) |
The market value of enVVeno Medical Corp is measured differently than its book value, which is the value of EnVVeno that is recorded on the company's balance sheet. Investors also form their own opinion of EnVVeno Medical's value that differs from its market value or its book value, called intrinsic value, which is EnVVeno Medical's 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 EnVVeno Medical's market value can be influenced by many factors that don't directly affect EnVVeno Medical's 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 EnVVeno Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if EnVVeno Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EnVVeno Medical's 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.