Biolight Life Sciences Stock Price To Earning
| BOLT Stock | ILS 375.10 25.30 7.23% |
BioLight Life Sciences fundamentals help investors to digest information that contributes to BioLight Life's financial success or failures. It also enables traders to predict the movement of BioLight Stock. The fundamental analysis module provides a way to measure BioLight Life's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to BioLight Life stock.
BioLight |
BioLight Life Sciences Company Price To Earning Analysis
BioLight Life's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current BioLight Life Price To Earning | 82.18 X |
Most of BioLight Life's fundamental indicators, such as Price To Earning, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, BioLight Life Sciences is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
| Competition |
Based on the latest financial disclosure, BioLight Life Sciences has a Price To Earning of 82 times. This is 218.03% higher than that of the Life Sciences Tools & Services sector and notably higher than that of the Health Care industry. The price to earning for all Israel stocks is 186.14% lower than that of the firm.
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BioLight Fundamentals
| Return On Equity | -0.0911 | |||
| Return On Asset | -0.0925 | |||
| Current Valuation | 13.59 M | |||
| Shares Outstanding | 4.56 M | |||
| Shares Owned By Insiders | 56.36 % | |||
| Shares Owned By Institutions | 9.12 % | |||
| Price To Earning | 82.18 X | |||
| Price To Book | 0.61 X | |||
| Price To Sales | 4,937 X | |||
| Revenue | 3 K | |||
| Gross Profit | 3 K | |||
| EBITDA | (1.36 M) | |||
| Net Income | 382 K | |||
| Cash And Equivalents | 39.85 M | |||
| Cash Per Share | 8.77 X | |||
| Current Ratio | 15.24 X | |||
| Book Value Per Share | 13.87 X | |||
| Cash Flow From Operations | (10.03 M) | |||
| Earnings Per Share | 0.08 X | |||
| Target Price | 12.0 | |||
| Beta | 0.53 | |||
| Market Capitalization | 31.98 M | |||
| Total Asset | 64.17 M | |||
| Retained Earnings | (218 M) | |||
| Working Capital | 39 M | |||
| Current Asset | 45 M | |||
| Current Liabilities | 6 M | |||
| Z Score | -4.2 | |||
| Net Asset | 64.17 M |
About BioLight Life Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze BioLight Life Sciences's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of BioLight Life using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of BioLight Life Sciences based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with BioLight Life
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 BioLight Life 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 BioLight Life will appreciate offsetting losses from the drop in the long position's value.Moving against BioLight Stock
| 0.69 | PZOL | Paz Oil | PairCorr |
| 0.62 | HRON | Hiron Trade Investments | PairCorr |
| 0.49 | ILCO | Israel Corp | PairCorr |
The ability to find closely correlated positions to BioLight Life could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BioLight Life 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 BioLight Life - 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 BioLight Life Sciences to buy it.
The correlation of BioLight Life 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 BioLight Life moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BioLight Life Sciences 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 BioLight Life 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in BioLight Life Sciences. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for BioLight Stock analysis
When running BioLight Life's price analysis, check to measure BioLight Life'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 BioLight Life is operating at the current time. Most of BioLight Life's value examination focuses on studying past and present price action to predict the probability of BioLight Life's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BioLight Life's price. Additionally, you may evaluate how the addition of BioLight Life to your portfolios can decrease your overall portfolio volatility.
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