Wearable Devices Stock Current Ratio
| WLDSW Stock | USD 1.40 0.30 17.65% |
Fundamental analysis of Wearable Devices allows traders to better anticipate movements in Wearable Devices' stock price by examining its financial health and performance throughout various phases of its business cycle.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools. Wearable Devices Company Current Ratio Analysis
Wearable Devices' Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Current Wearable Devices Current Ratio | 2.20 X |
Most of Wearable Devices' fundamental indicators, such as Current 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, Wearable Devices is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
| Competition |
In accordance with the recently published financial statements, Wearable Devices has a Current Ratio of 2.2 times. This is 22.26% lower than that of the Textiles, Apparel & Luxury Goods sector and 47.37% lower than that of the Consumer Discretionary industry. The current ratio for all United States stocks is 1.85% lower than that of the firm.
Wearable Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Wearable Devices' direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Wearable Devices could also be used in its relative valuation, which is a method of valuing Wearable Devices by comparing valuation metrics of similar companies.Wearable Devices is currently under evaluation in current ratio category among its peers.
Wearable Fundamentals
| Return On Equity | -1.68 | ||||
| Return On Asset | -0.72 | ||||
| Operating Margin | (28.12) % | ||||
| Number Of Shares Shorted | 8.34 K | ||||
| Revenue | 522 K | ||||
| Gross Profit | 85 K | ||||
| EBITDA | (7.71 M) | ||||
| Net Income | (7.88 M) | ||||
| Cash And Equivalents | 1.27 M | ||||
| Cash Per Share | 0.11 X | ||||
| Total Debt | 1.08 M | ||||
| Current Ratio | 2.20 X | ||||
| Book Value Per Share | 5.46 X | ||||
| Cash Flow From Operations | (7.61 M) | ||||
| Number Of Employees | 25 | ||||
| Beta | 2.4 | ||||
| Total Asset | 5.98 M | ||||
| Retained Earnings | (29.1 M) | ||||
| Working Capital | 3.42 M | ||||
| Net Asset | 5.98 M |
About Wearable Devices Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Wearable Devices's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Wearable Devices using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Wearable Devices 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.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Wearable Stock Analysis
When running Wearable Devices' price analysis, check to measure Wearable Devices' 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 Wearable Devices is operating at the current time. Most of Wearable Devices' value examination focuses on studying past and present price action to predict the probability of Wearable Devices' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wearable Devices' price. Additionally, you may evaluate how the addition of Wearable Devices to your portfolios can decrease your overall portfolio volatility.