The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Second Sight has an asset utilization ratio of 1.76 percent. This connotes that the company is making $0.0176 for each dollar of assets. An increasing asset utilization means that Second Sight is more efficient with each dollar of assets it utilizes for everyday operations.
The successful prediction of Second Sight
stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published
stock prices of traded companies, such as Second Sight Medical, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at
the intrinsic value of Second Sight based on Second Sight hews, social hype, general headline patterns, and widely used
predictive technical indicators. We also calculate exposure to Second Sight's
market risk, different
technical and
fundamental indicators, relevant financial multiples and ratios, and then
comparing them to Second Sight's related companies.
Use Technical Analysis to project Second expected Price
Second Sight technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, delisted stock market cycles, or different charting patterns.
A focus of Second Sight technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Second Sight trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions.
More Info...What is driving Second Sight Investor Appetite?
This firm reported the previous year's revenue of 497
K. Net Loss for the year was (21.46
M) with profit before overhead, payroll, taxes, and interest of 1.23
M.
Deferred Revenue Breakdown
Second Sight Deferred Revenue yearly trend continues to be relatively stable with very little volatility. Deferred Revenue is likely to grow to about 309.4
K this year. Deferred Revenue usually refers to a component of Total Liabilities representing the carrying amount of consideration received or receivable on potential earnings that were not recognized as revenue; including sales; license fees; and royalties; but excluding interest income. Second Sight Deferred Revenue is relatively stable at the moment as compared to the past year. Second Sight reported last year Deferred Revenue of 301,500
| 2014 | 4.67 Million |
| 2015 | 2.52 Million |
| 2016 | 189,000 |
| 2017 | 48,000 |
| 2018 | 167,000 |
| 2019 | 335,000 |
| 2020 | 301,500 |
| 2021 | 309,434 |
Our take on today Second Sight spike
Kurtosis is down to 6.07. It may connote a possible volatility fall. Second Sight is displaying above-average volatility over the selected time horizon. Investors should scrutinize Second Sight independently to ensure intended market timing strategies are aligned with expectations about Second Sight volatility. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Second Sight's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Second Sight's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.
Our Conclusion on Second Sight
While few other entities within the medical devices industry are still a little expensive, even after the recent corrections, Second Sight may offer a potential longer-term growth to retail investors. To conclude, as of the 5th of March 2021, our analysis shows that Second Sight slowly supersedes the market. The enterprise is
overvalued and projects
high odds of distress for the next 2 years. Our concluding 30 days buy-sell recommendation on the enterprise is
Cautious Hold.
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Raphi Shpitalnik is a Junior Member of Macroaxis Editorial Board. Raphael is a young entrepreneur who joined Macroaxis on a part-time basis at the beginning of the pandemic and eventually acquired a real taste for investing and fintech. He likes to analyze different equity instruments across a wide range of industries, focusing primarily on consumer products, sports, fintech, cannabis, and AI.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of Second Sight Medical. Please refer to our
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