Renalytix Price To Sales Ratio vs Pb Ratio Analysis

RNLX Stock  USD 0.14  0.01  7.69%   
Renalytix financial indicator trend analysis is much more than just breaking down Renalytix AI prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Renalytix AI is a good investment. Please check the relationship between Renalytix Price To Sales Ratio and its Pb Ratio accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Renalytix AI. 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.

Price To Sales Ratio vs Pb Ratio

Price To Sales Ratio vs Pb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Renalytix AI Price To Sales Ratio account and Pb Ratio. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Renalytix's Price To Sales Ratio and Pb Ratio is -0.64. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Pb Ratio in the same time period over historical financial statements of Renalytix AI, assuming nothing else is changed. The correlation between historical values of Renalytix's Price To Sales Ratio and Pb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of Renalytix AI are associated (or correlated) with its Pb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pb Ratio has no effect on the direction of Price To Sales Ratio i.e., Renalytix's Price To Sales Ratio and Pb Ratio go up and down completely randomly.

Correlation Coefficient

-0.64
Relationship DirectionNegative 
Relationship StrengthWeak

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Renalytix AI stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Renalytix sales, a figure that is much harder to manipulate than other Renalytix AI multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.

Pb Ratio

Most indicators from Renalytix's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Renalytix AI 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Renalytix AI. 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.
At this time, Renalytix's Tax Provision is fairly stable compared to the past year. Issuance Of Capital Stock is likely to rise to about 21.7 M in 2024, whereas Selling General Administrative is likely to drop slightly above 18.7 M in 2024.
 2021 2022 2023 2024 (projected)
Total Operating Expenses58.3M43.1M29.0M33.2M
Cost Of Revenue2.1M2.7M2.1M1.4M

Renalytix fundamental ratios Correlations

0.340.560.960.94-0.960.040.980.980.770.70.150.40.590.510.880.180.980.910.30.430.640.890.53-0.060.83
0.340.930.090.17-0.14-0.70.380.350.690.670.680.990.850.960.490.920.370.370.990.750.670.50.770.730.05
0.560.930.320.42-0.37-0.680.580.560.860.810.720.920.950.990.710.870.580.590.930.860.750.580.870.590.33
0.960.090.320.95-0.980.270.930.940.610.54-0.040.150.370.270.78-0.080.940.850.040.230.50.820.32-0.280.85
0.940.170.420.95-0.970.030.950.960.760.60.190.20.520.350.870.10.960.960.150.380.440.810.41-0.090.94
-0.96-0.14-0.37-0.98-0.97-0.2-0.97-0.97-0.7-0.5-0.11-0.17-0.44-0.31-0.770.02-0.97-0.88-0.09-0.24-0.55-0.85-0.30.26-0.92
0.04-0.7-0.680.270.03-0.20.00.01-0.53-0.53-0.74-0.61-0.73-0.67-0.37-0.90.0-0.23-0.76-0.8-0.140.05-0.59-0.830.02
0.980.380.580.930.95-0.970.01.00.840.630.280.410.630.540.850.231.00.930.330.420.680.920.48-0.050.88
0.980.350.560.940.96-0.970.011.00.830.620.270.380.620.510.840.21.00.930.310.40.660.910.46-0.070.9
0.770.690.860.610.76-0.7-0.530.840.830.750.710.660.930.810.850.660.840.870.690.750.680.750.680.370.75
0.70.670.810.540.6-0.5-0.530.630.620.750.380.70.830.780.90.650.650.710.680.90.480.550.860.50.42
0.150.680.72-0.040.19-0.11-0.740.280.270.710.380.570.790.690.330.740.270.340.740.690.410.260.50.530.29
0.40.990.920.150.2-0.17-0.610.410.380.660.70.570.810.960.520.880.410.380.960.720.70.550.820.70.04
0.590.850.950.370.52-0.44-0.730.630.620.930.830.790.810.920.770.840.630.680.870.910.650.570.770.570.48
0.510.960.990.270.35-0.31-0.670.540.510.810.780.690.960.920.650.890.540.530.960.820.750.580.870.640.24
0.880.490.710.780.87-0.77-0.370.850.840.850.90.330.520.770.650.490.860.940.480.740.480.710.740.30.74
0.180.920.87-0.080.10.02-0.90.230.20.660.650.740.880.840.890.490.220.350.950.810.430.290.770.880.02
0.980.370.580.940.96-0.970.01.01.00.840.650.270.410.630.540.860.220.930.330.420.670.920.5-0.040.88
0.910.370.590.850.96-0.88-0.230.930.930.870.710.340.380.680.530.940.350.930.350.550.470.80.570.160.89
0.30.990.930.040.15-0.09-0.760.330.310.690.680.740.960.870.960.480.950.330.350.810.610.440.770.770.04
0.430.750.860.230.38-0.24-0.80.420.40.750.90.690.720.910.820.740.810.420.550.810.380.320.830.670.29
0.640.670.750.50.44-0.55-0.140.680.660.680.480.410.70.650.750.480.430.670.470.610.380.680.520.00.4
0.890.50.580.820.81-0.850.050.920.910.750.550.260.550.570.580.710.290.920.80.440.320.680.490.10.68
0.530.770.870.320.41-0.3-0.590.480.460.680.860.50.820.770.870.740.770.50.570.770.830.520.490.620.23
-0.060.730.59-0.28-0.090.26-0.83-0.05-0.070.370.50.530.70.570.640.30.88-0.040.160.770.670.00.10.62-0.22
0.830.050.330.850.94-0.920.020.880.90.750.420.290.040.480.240.740.020.880.890.040.290.40.680.23-0.22
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Renalytix Account Relationship Matchups

Renalytix fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets41.3M102.6M63.3M42.1M8.0M7.6M
Total Current Liabilities3.4M7.3M12.2M16.1M11.5M8.1M
Total Stockholder Equity36.0M95.1M43.2M18.5M(7.9M)(7.5M)
Net Tangible Assets18.8M71.5M30.6M7.0M8.0M7.6M
Net Debt(12.7M)(64.8M)(28.6M)(12.5M)3.9M4.0M
Retained Earnings34.9M3.8M(53.0M)(99.2M)(211.8M)(201.2M)
Cash13.3M65.2M41.3M24.7M4.7M4.4M
Non Current Assets Total22.4M26.6M15.8M13.8M1.9M1.8M
Cash And Short Term Investments14.3M74.5M44.1M26.1M4.7M4.4M
Net Receivables18K1.2M901K776K722K573.3K
Common Stock Shares Outstanding29.5M71.5M73.8M82.2M108.2M69.2M
Liabilities And Stockholders Equity41.3M102.6M63.3M42.1M8.0M7.6M
Non Current Liabilities Total2.0M213K7.9M7.5M4.3M3.6M
Other Stockholder Equity2.8M150.4M164.0M186.5M204.9M116.8M
Total Liab5.3M7.5M20.1M23.7M15.8M11.5M
Net Invested Capital36.2M71.5M42.9M30.4M35.0M38.4M
Short Long Term Debt121K53K4.7M4.5M5.1M5.4M
Total Current Assets18.9M76.0M47.4M28.3M6.1M5.8M
Net Working Capital15.5M59.7M33.0M12.2M14.0M23.7M
Common Stock192K233K241K299K478K265.2K
Other Current Liab271K4.1M4.5M8.6M178K169.1K
Property Plant And Equipment Net945K2.5M3.1M1.2M216K205.2K
Accounts Payable2.9M1.8M2.5M2.9M2.6M2.5M
Non Currrent Assets Other83K(1.1M)1.5M51K1.6M1.7M
Other Assets2.4M7.2M1.2M1.1M1.3M1.2M
Short Term Investments982K9.3M2.7M1.5M1.7M1.6M
Inventory326K353K1.2M718K825.7K562.5K
Other Current Assets4.3M1.2M2.3M1.4M716K1.3M
Property Plant And Equipment Gross945K2.7M3.6M1.2M1.4M1.9M
Accumulated Other Comprehensive Income(1.9M)8.3M(915K)(1.5M)(1.4M)(1.4M)
Capital Stock192K233K228K299K343.9K247.9K
Property Plant Equipment945K2.5M2.6M1.2M1.4M1.6M

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Additional Tools for Renalytix Stock Analysis

When running Renalytix's price analysis, check to measure Renalytix'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 Renalytix is operating at the current time. Most of Renalytix's value examination focuses on studying past and present price action to predict the probability of Renalytix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Renalytix's price. Additionally, you may evaluate how the addition of Renalytix to your portfolios can decrease your overall portfolio volatility.