Spectrascience New Stock Today

Performance

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Odds Of Distress

Over 68

 
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Spectrascience New has more than 68 % chance of experiencing financial distress in the next few years of operation. It also generated negative returns for investors over the last 90 days. Equity ratings for Spectrascience New are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 19th of February 2024 and ending today, the 19th of April 2024. Click here to learn more.
Business Domain
Health Care Equipment & Services
IPO Date
11th of September 1985
Classification
Health Care
SpectraScience, Inc. develops and markets a technology platform to instantly determine whether a tissue is normal, pre-cancerous, or cancerous without the need for a physical biopsy in the United States, Europe, and internationally. SpectraScience, Inc. The company has 4.92 B outstanding shares. More on Spectrascience New
Spectrascience New cannot be verified against its exchange. Apparently, Spectrascience New is not available for investing at the moment. Please verify the symbol is currently traded on OTCCE Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
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Spectrascience Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Spectrascience New's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Spectrascience New or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOMichael Oliver
Business ConcentrationHealth Care Equipment & Supplies, Health Care Equipment & Services, Health Care, Health Care, Health Care Equipment & Supplies, Medical Appliances & Equipment, Healthcare (View all Sectors)
Financial Strength
Based on the key measurements obtained from Spectrascience New's financial statements, Spectrascience New may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Spectrascience New is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.00320.0033
Notably Down
Slightly volatile
Total Current Liabilities13 M12.4 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total904.7 KM
Fairly Down
Slightly volatile
Total Assets1.5 M1.6 M
Notably Down
Slightly volatile
Total Current Assets510.5 K325.7 K
Way Up
Slightly volatile
Spectrascience New's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Spectrascience New's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Spectrascience New's financial leverage. It provides some insight into what part of Spectrascience New's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Spectrascience New's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Spectrascience New deploys its capital and how much of that capital is borrowed.
Liquidity
Spectrascience New cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 6.38 M in liabilities. Spectrascience New has a current ratio of 0.02, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Spectrascience New until it has trouble settling it off, either with new capital or with free cash flow. So, Spectrascience New's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Spectrascience New sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Spectrascience to invest in growth at high rates of return. When we think about Spectrascience New's use of debt, we should always consider it together with cash and equity.

Change To Account Receivables

5,224.91
Spectrascience New (SCIE) is traded on OTCCE Exchange in USA and employs 5 people. Spectrascience New is listed under Health Care Equipment & Supplies category by Fama And French industry classification. The company currently falls under 'Nano-Cap' category with a current market capitalization of 223. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Spectrascience New's market, we take the total number of its shares issued and multiply it by Spectrascience New's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Spectrascience New conducts business under Health Care Equipment & Supplies sector and is part of Health Care industry. The entity has 4.92 B outstanding shares. Spectrascience New currently holds about 27.88 K in cash with (1.51 M) of positive cash flow from operations.
Check Spectrascience New Probability Of Bankruptcy

Spectrascience Stock Against Markets

Picking the right benchmark for Spectrascience New stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Spectrascience New stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Spectrascience New is critical whether you are bullish or bearish towards Spectrascience New at a given time. Please also check how Spectrascience New's historical prices are related to one of the top price index indicators.

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Our tools can tell you how much better you can do entering a position in Spectrascience New without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Spectrascience New Corporate Directors

Spectrascience New corporate directors refer to members of a Spectrascience New board of directors. The board of directors generally takes responsibility for the Spectrascience New's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Spectrascience New's board members must vote for the resolution. The Spectrascience New board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Rand MulfordDirectorProfile
Stanley PappelbaumIndependent DirectorProfile
Sheldon MillerIndependent DirectorProfile
Duwaine TownsenIndependent DirectorProfile

How to buy Spectrascience Stock?

Before investing in Spectrascience New, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Spectrascience New. To buy Spectrascience New stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Spectrascience New. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Spectrascience New stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Spectrascience New stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Spectrascience New stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Spectrascience New, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Spectrascience Stock please use our How to Invest in Spectrascience New guide.

Already Invested in Spectrascience New?

The danger of trading Spectrascience New is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Spectrascience New is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Spectrascience New. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Spectrascience New is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Spectrascience New is a strong investment it is important to analyze Spectrascience New's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Spectrascience New's future performance. For an informed investment choice regarding Spectrascience Stock, refer to the following important reports:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spectrascience New. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
For information on how to trade Spectrascience Stock refer to our How to Trade Spectrascience Stock guide.
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Is Spectrascience New's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Spectrascience New. If investors know Spectrascience will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Spectrascience New listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.01)
Return On Assets
(0.92)
The market value of Spectrascience New is measured differently than its book value, which is the value of Spectrascience that is recorded on the company's balance sheet. Investors also form their own opinion of Spectrascience New's value that differs from its market value or its book value, called intrinsic value, which is Spectrascience New's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Spectrascience New's market value can be influenced by many factors that don't directly affect Spectrascience New's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Spectrascience New's value and its price as these two are different measures arrived at by different means. Investors typically determine if Spectrascience New is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spectrascience New's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.