Kits Eyecare Cash And Equivalents vs. Number Of Shares Shorted
| KITS Stock | CAD 8.30 0.11 1.34% |
For Kits Eyecare profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Kits Eyecare to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Kits Eyecare utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Kits Eyecare's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Kits Eyecare over time as well as its relative position and ranking within its peers.
Kits |
Kits Eyecare Number Of Shares Shorted vs. Cash And Equivalents Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Kits Eyecare's current stock value. Our valuation model uses many indicators to compare Kits Eyecare value to that of its competitors to determine the firm's financial worth. Kits Eyecare is currently regarded as number one stock in cash and equivalents category among its peers. It also is currently regarded as number one stock in number of shares shorted category among its peers . The ratio of Cash And Equivalents to Number Of Shares Shorted for Kits Eyecare is about 2,572 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Kits Eyecare by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Kits Eyecare's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Kits Number Of Shares Shorted vs. Cash And Equivalents
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Kits Eyecare |
| = | 18.79 M |
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.
Kits Eyecare |
| = | 7.31 K |
If a large number of investors decide to short sell an equity instrument within a small period of time, their combined action can significantly affect the price of the stock.
Kits Number Of Shares Shorted Comparison
Kits Eyecare is currently under evaluation in number of shares shorted category among its peers.
Kits Eyecare Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Kits Eyecare, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Kits Eyecare will eventually generate negative long term returns. The profitability progress is the general direction of Kits Eyecare's change in net profit over the period of time. It can combine multiple indicators of Kits Eyecare, 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.
Kits Eyecare Ltd. operates a digital eyecare platform for eyes in the United States and Canada. The company was incorporated in 2018 and is headquartered in Vancouver, Canada. KITS EYECARE operates under Specialty Retail classification in Canada and is traded on Toronto Stock Exchange. It employs 95 people.
Kits Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Kits Eyecare. 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 Kits Eyecare 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 Kits Eyecare's important profitability drivers and their relationship over time.
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Use Investing Themes to Complement your Kits Eyecare position
In addition to having Kits Eyecare 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?
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Asset Management
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Asset Management theme has 7 constituents at this time.
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Other Information on Investing in Kits Stock
To fully project Kits Eyecare's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Kits Eyecare at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Kits Eyecare's income statement, its balance sheet, and the statement of cash flows.