Sight Sciences Return On Equity vs. Gross Profit
| SGHT Stock | USD 3.80 0.06 1.55% |
Return On Equity | First Reported 2010-12-31 | Previous Quarter (0.46) | Current Value (0.44) | Quarterly Volatility 0.42071571 |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.61 | 0.8534 |
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For Sight Sciences profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Sight Sciences to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Sight Sciences utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Sight Sciences's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Sight Sciences over time as well as its relative position and ranking within its peers.
Sight |
Sight Sciences' Revenue Breakdown by Earning Segment
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Is Health Care Equipment & Supplies space 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 Sight Sciences. If investors know Sight 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 Sight Sciences listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.01) | Revenue Per Share 1.602 | Quarterly Revenue Growth 0.007 | Return On Assets (0.19) | Return On Equity (0.45) |
The market value of Sight Sciences is measured differently than its book value, which is the value of Sight that is recorded on the company's balance sheet. Investors also form their own opinion of Sight Sciences' value that differs from its market value or its book value, called intrinsic value, which is Sight Sciences' 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 Sight Sciences' market value can be influenced by many factors that don't directly affect Sight Sciences' 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 Sight Sciences' value and its price as these two are different measures arrived at by different means. Investors typically determine if Sight Sciences is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sight Sciences' 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.
Sight Sciences Gross Profit vs. Return On Equity Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Sight Sciences's current stock value. Our valuation model uses many indicators to compare Sight Sciences value to that of its competitors to determine the firm's financial worth. Sight Sciences is rated below average in return on equity category among its peers. It also is rated below average in gross profit category among its peers . At this time, Sight Sciences' Return On Equity is comparatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Sight Sciences by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Sight Gross Profit vs. Return On Equity
Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Sight Sciences |
| = | -0.45 |
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
Sight Sciences |
| = | 58.97 M |
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
Sight Gross Profit Comparison
Sight Sciences is currently under evaluation in gross profit category among its peers.
Sight Sciences Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Sight Sciences, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Sight Sciences will eventually generate negative long term returns. The profitability progress is the general direction of Sight Sciences' change in net profit over the period of time. It can combine multiple indicators of Sight Sciences, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Net Interest Income | -5.3 M | -5 M | |
| Operating Income | -57.3 M | -60.1 M | |
| Net Loss | -61.8 M | -64.9 M | |
| Income Before Tax | -55.4 M | -58.2 M | |
| Total Other Income Expense Net | 1.8 M | 1.9 M | |
| Net Loss | -77.6 M | -73.7 M | |
| Net Loss | -55.5 M | -58.3 M | |
| Income Tax Expense | 110 K | 74.8 K | |
| Non Operating Income Net Other | 2.6 M | 2.7 M | |
| Change To Netincome | 16.2 M | 17 M | |
| Net Loss | (1.14) | (1.20) | |
| Income Quality | 0.85 | 1.00 | |
| Net Income Per E B T | 1.00 | 0.80 |
Sight Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Sight Sciences. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Sight Sciences position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Sight Sciences' important profitability drivers and their relationship over time.
Use Sight Sciences in pair-trading
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 Sight Sciences 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 Sight Sciences will appreciate offsetting losses from the drop in the long position's value.Sight Sciences Pair Trading
Sight Sciences Pair Trading Analysis
The ability to find closely correlated positions to Sight Sciences could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sight Sciences 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 Sight Sciences - 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 Sight Sciences to buy it.
The correlation of Sight Sciences 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 Sight Sciences moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sight 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 Sight Sciences 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.Use Investing Themes to Complement your Sight Sciences position
In addition to having Sight Sciences in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Developed Markets Basket ETFs Theme or any other thematic opportunities.
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Additional Tools for Sight Stock Analysis
When running Sight Sciences' price analysis, check to measure Sight Sciences' 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 Sight Sciences is operating at the current time. Most of Sight Sciences' value examination focuses on studying past and present price action to predict the probability of Sight Sciences' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sight Sciences' price. Additionally, you may evaluate how the addition of Sight Sciences to your portfolios can decrease your overall portfolio volatility.