Nextgen Healthcare Current Valuation vs. Cash And Equivalents
| NXGNDelisted Stock | USD 16.53 0.05 0.30% |
For Nextgen Healthcare profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Nextgen Healthcare to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Nextgen Healthcare utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Nextgen Healthcare's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Nextgen Healthcare over time as well as its relative position and ranking within its peers.
Nextgen |
Nextgen Healthcare Cash And Equivalents vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Nextgen Healthcare's current stock value. Our valuation model uses many indicators to compare Nextgen Healthcare value to that of its competitors to determine the firm's financial worth. Nextgen Healthcare is regarded fourth in current valuation category among its peers. It is regarded fifth in cash and equivalents category among its peers creating about 0.04 of Cash And Equivalents per Current Valuation. The ratio of Current Valuation to Cash And Equivalents for Nextgen Healthcare is roughly 23.75 . 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 Nextgen Healthcare's earnings, one of the primary drivers of an investment's value.Nextgen Current Valuation vs. Competition
Nextgen Healthcare is regarded fourth in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Health Care industry is now estimated at about 18.96 Billion. Nextgen Healthcare holds roughly 1.68 Billion in current valuation claiming about 9% of equities under Health Care industry.
Nextgen Cash And Equivalents vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Nextgen Healthcare |
| = | 1.68 B |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
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.
Nextgen Healthcare |
| = | 70.73 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).
Nextgen Cash And Equivalents Comparison
Nextgen Healthcare is currently under evaluation in cash and equivalents category among its peers.
Nextgen Healthcare Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Nextgen Healthcare, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Nextgen Healthcare will eventually generate negative long term returns. The profitability progress is the general direction of Nextgen Healthcare's change in net profit over the period of time. It can combine multiple indicators of Nextgen Healthcare, 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.
NextGen Healthcare, Inc. provides healthcare technology solutions in the United States. NextGen Healthcare, Inc. was incorporated in 1974 and is headquartered in Atlanta, Georgia. Nextgen Healthcare operates under Health Information Services classification in the United States and is traded on NASDAQ Exchange. It employs 2655 people.
Nextgen Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Nextgen Healthcare. 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 Nextgen Healthcare 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 Nextgen Healthcare's important profitability drivers and their relationship over time.
Use Nextgen Healthcare 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 Nextgen Healthcare 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 Nextgen Healthcare will appreciate offsetting losses from the drop in the long position's value.Nextgen Healthcare Pair Trading
Nextgen Healthcare Pair Trading Analysis
The ability to find closely correlated positions to Nextgen Healthcare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nextgen Healthcare 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 Nextgen Healthcare - 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 Nextgen Healthcare to buy it.
The correlation of Nextgen Healthcare 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 Nextgen Healthcare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nextgen Healthcare 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 Nextgen Healthcare 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 Nextgen Healthcare position
In addition to having Nextgen Healthcare 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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Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Other Consideration for investing in Nextgen Stock
If you are still planning to invest in Nextgen Healthcare check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Nextgen Healthcare's history and understand the potential risks before investing.
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