First Hydrogen Price To Book vs. Shares Outstanding
| FHYD Stock | 0.36 0.01 2.86% |
For First Hydrogen profitability analysis, we use financial ratios and fundamental drivers that measure the ability of First Hydrogen to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well First Hydrogen Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between First Hydrogen's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of First Hydrogen Corp over time as well as its relative position and ranking within its peers.
First |
First Hydrogen Corp Shares Outstanding vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining First Hydrogen's current stock value. Our valuation model uses many indicators to compare First Hydrogen value to that of its competitors to determine the firm's financial worth. First Hydrogen Corp is one of the top stocks in price to book category among its peers. It also is one of the top stocks in shares outstanding category among its peers creating about 991,569 of Shares Outstanding per Price To Book. Common Stock Shares Outstanding is likely to drop to about 57.1 M in 2024. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the First Hydrogen's earnings, one of the primary drivers of an investment's value.First Shares Outstanding vs. Price To Book
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
First Hydrogen |
| = | 73.05 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
First Hydrogen |
| = | 72.43 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
First Shares Outstanding Comparison
First Hydrogen is currently under evaluation in shares outstanding category among its peers.
First Hydrogen Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in First Hydrogen, profitability is also one of the essential criteria for including it into their portfolios because, without profit, First Hydrogen will eventually generate negative long term returns. The profitability progress is the general direction of First Hydrogen's change in net profit over the period of time. It can combine multiple indicators of First Hydrogen, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Net Loss | -12.3 M | -11.7 M | |
| Operating Income | -10.5 M | -9.9 M | |
| Net Loss | -10.7 M | -10.2 M | |
| Income Before Tax | -10.7 M | -10.2 M | |
| Total Other Income Expense Net | -107.1 K | -112.5 K | |
| Net Loss | -10.9 M | -10.4 M | |
| Net Interest Income | -165.8 K | -174.1 K | |
| Change To Netincome | -728.6 K | -692.2 K | |
| Net Loss | (0.15) | (0.16) | |
| Income Quality | 0.82 | 0.95 | |
| Net Income Per E B T | 0.91 | 0.81 |
First Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on First Hydrogen. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of First Hydrogen position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the First Hydrogen's important profitability drivers and their relationship over time.
Use First Hydrogen in pair-trading
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 First Hydrogen 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 First Hydrogen will appreciate offsetting losses from the drop in the long position's value.First Hydrogen Pair Trading
First Hydrogen Corp Pair Trading Analysis
The ability to find closely correlated positions to First Hydrogen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Hydrogen 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 First Hydrogen - 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 First Hydrogen Corp to buy it.
The correlation of First Hydrogen 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 First Hydrogen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Hydrogen 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 First Hydrogen 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.Use Investing Themes to Complement your First Hydrogen position
In addition to having First Hydrogen in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Construction Materials Thematic Idea Now
Construction Materials
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Construction Materials theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Construction Materials Theme or any other thematic opportunities.
| View All Next | Launch |
Additional Tools for First Stock Analysis
When running First Hydrogen's price analysis, check to measure First Hydrogen'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 First Hydrogen is operating at the current time. Most of First Hydrogen's value examination focuses on studying past and present price action to predict the probability of First Hydrogen's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Hydrogen's price. Additionally, you may evaluate how the addition of First Hydrogen to your portfolios can decrease your overall portfolio volatility.