Prokidney Corp Stock Short Ratio
| PROK Stock | USD 2.24 0.04 1.82% |
ProKidney Corp fundamentals help investors to digest information that contributes to ProKidney Corp's financial success or failures. It also enables traders to predict the movement of ProKidney Stock. The fundamental analysis module provides a way to measure ProKidney Corp'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 ProKidney Corp stock.
ProKidney | Short Ratio |
ProKidney Corp Company Short Ratio Analysis
ProKidney Corp's Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.
Current ProKidney Corp Short Ratio | 18.53 X |
Most of ProKidney Corp's fundamental indicators, such as Short Ratio, 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, ProKidney Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
ProKidney Short Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for ProKidney Corp is extremely important. It helps to project a fair market value of ProKidney Stock properly, considering its historical fundamentals such as Short Ratio. Since ProKidney Corp's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of ProKidney Corp's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of ProKidney Corp's interrelated accounts and indicators.
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The higher the Short Ratio, the longer it would take to buy back the borrowed shares. In theory, the more short positions are currently outstanding, the faster it will be to cover shorted positions.
| Competition |
Based on the latest financial disclosure, ProKidney Corp has a Short Ratio of 18.53 times. This is 375.13% higher than that of the Biotechnology sector and 150.07% higher than that of the Health Care industry. The short ratio for all United States stocks is notably lower than that of the firm.
ProKidney Short Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ProKidney Corp's direct or indirect competition against its Short Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of ProKidney Corp could also be used in its relative valuation, which is a method of valuing ProKidney Corp by comparing valuation metrics of similar companies.ProKidney Corp is currently under evaluation in short ratio category among related companies.
ProKidney Corp Institutional Holders
Institutional Holdings refers to the ownership stake in ProKidney Corp that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of ProKidney Corp's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing ProKidney Corp's value.| Shares | Charles Schwab Investment Management Inc | 2023-12-31 | 255.1 K | Squarepoint Ops Llc | 2023-12-31 | 207.7 K | Nuveen Asset Management, Llc | 2023-12-31 | 135.8 K | Bank Of New York Mellon Corp | 2023-12-31 | 128 K | Renaissance Technologies Corp | 2023-12-31 | 120 K | Federated Hermes Inc | 2023-12-31 | 113.3 K | Goldman Sachs Group Inc | 2023-12-31 | 75.3 K | Xtx Topco Ltd | 2023-12-31 | 73 K | Amundi | 2023-12-31 | 71.8 K | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 11.2 M | Suvretta Capital Management, Llc | 2023-12-31 | 3.9 M |
ProKidney Fundamentals
| Return On Equity | -0.3 | ||||
| Return On Asset | -0.2 | ||||
| Current Valuation | 1.27 B | ||||
| Shares Outstanding | 61.62 M | ||||
| Shares Owned By Insiders | 22.12 % | ||||
| Shares Owned By Institutions | 58.29 % | ||||
| Number Of Shares Shorted | 11.56 M | ||||
| Price To Book | 91.32 X | ||||
| EBITDA | (148.35 M) | ||||
| Net Income | (35.47 M) | ||||
| Cash And Equivalents | 21.88 M | ||||
| Cash Per Share | 0.36 X | ||||
| Total Debt | 4.41 M | ||||
| Debt To Equity | 5.66 % | ||||
| Current Ratio | 0.74 X | ||||
| Book Value Per Share | (18.43) X | ||||
| Cash Flow From Operations | (90.07 M) | ||||
| Short Ratio | 18.53 X | ||||
| Earnings Per Share | (0.57) X | ||||
| Target Price | 6.0 | ||||
| Number Of Employees | 163 | ||||
| Beta | 1.29 | ||||
| Market Capitalization | 1.8 B | ||||
| Total Asset | 420.55 M | ||||
| Retained Earnings | (1.14 B) | ||||
| Working Capital | 349.11 M | ||||
| Net Asset | 420.55 M |
About ProKidney Corp Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ProKidney Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ProKidney Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ProKidney Corp 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ProKidney Corp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ProKidney Corp's short interest history, or implied volatility extrapolated from ProKidney Corp options trading.
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Check out ProKidney Corp Piotroski F Score and ProKidney Corp Altman Z Score analysis. For more information on how to buy ProKidney Stock please use our How to buy in ProKidney Stock guide.You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary Tools for ProKidney Stock analysis
When running ProKidney Corp's price analysis, check to measure ProKidney Corp'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 ProKidney Corp is operating at the current time. Most of ProKidney Corp's value examination focuses on studying past and present price action to predict the probability of ProKidney Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ProKidney Corp's price. Additionally, you may evaluate how the addition of ProKidney Corp to your portfolios can decrease your overall portfolio volatility.
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Is ProKidney Corp'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 ProKidney Corp. If investors know ProKidney 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 ProKidney Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.57) | Return On Assets (0.20) | Return On Equity (0.30) |
The market value of ProKidney Corp is measured differently than its book value, which is the value of ProKidney that is recorded on the company's balance sheet. Investors also form their own opinion of ProKidney Corp's value that differs from its market value or its book value, called intrinsic value, which is ProKidney Corp'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 ProKidney Corp's market value can be influenced by many factors that don't directly affect ProKidney Corp'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 ProKidney Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProKidney Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProKidney Corp'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.