Patterson Stock Story


USD 30.48  0.05  0.16%   

Perkinelmer would recover faster from the current drop as its shares price went up 1.34% to Patterson Companies's 1.61%As many rational traders are trying to avoid healthcare space, it makes sense to outline Patterson Companies a little further and understand how it stands against Perkinelmer and other similar entities. We are going to inspect some of the competitive aspects of both Patterson and Perkinelmer.
Published over three months ago
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Patterson Companies Sentiment by News Outlets

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Patterson Companies Historical Investor Sentiment

Investor biases related to Patterson Companies' public news can be used to forecast risks associated with investment in Patterson. The trend in average sentiment can be used to explain how an investor holding Patterson can time the market purely based on public headlines and social activities around Patterson Companies. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Patterson Companies' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Patterson Companies' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Patterson Companies' news discussions. The higher the estimate score, the more favorable is the investor's outlook on Patterson Companies.

Patterson Companies Twitter Pulse

Investors have realized that leveraging social media to get the fastest information affecting stock prices isn't a theory anymore, it is a reality, and Twitter offers a platform that can outpace even the most trustworthy news aggregators. The influence of social media outlets on stock markets and stock prices of entities such as Patterson Companies has been proven in recent years. We extract public sentiment from Twitter posts that could be utilized to determine whether Patterson Companies' prices will increase or decrease.
Twitter's metrics such as likes, followers, and engagement can be good indicators of the reliance and probability of reaction to a specific tweet regarding Patterson Companies. Our Twitter sentiment analysis of Patterson Stock helps investors make informed decisions by leveraging the power of the community. It is a perfect supplementary tool for any beginner or an experienced trader.

Patterson Companies Maximum Pain Price across 2022-08-19 Option Contracts

Patterson Companies' options can also be used to analyze investors' bias and current market sentiment in the context of behavioral finance. For example, Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of Patterson Companies close to the expiration of its current option contract to expire worthlessly. According to most research, about 35% of options are not executed, with roughly 50% traded out before expiration. So, Max pain occurs when market makers reach a net favorable position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthlessly. Please continue to view the detailed analysis of Patterson Companies' options.

Will Patterson Companies (NASDAQ:PDCO) institutional investors shift to Perkinelmer (NYSE:PKI)?

By analyzing existing fundamental indicators between Patterson Companies and Perkinelmer, you can compare the effects of market volatilities on both companies' prices and check if they can diversify away market risk if combined in one of your portfolios. You can also utilize pair trading strategies for matching a long position in Perkinelmer with a short position in Patterson Companies. Check out our pair correlation module for more information.

Let's begin by analyzing the assets.
The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Patterson Companies has an asset utilization ratio of 181.21 percent. This suggests that the company is making $1.81 for each dollar of assets. An increasing asset utilization means that Patterson Companies is more efficient with each dollar of assets it utilizes for everyday operations.

How important is Patterson Companies's Liquidity

Patterson Companies financial leverage refers to using borrowed capital as a funding source to finance Patterson Companies ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Patterson Companies financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Patterson Companies's total debt and its cash.

How does Patterson utilize its cash?

To perform a cash flow analysis of Patterson Companies, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Patterson Companies is receiving and how much cash it distributes out in a given period. The Patterson Companies cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.
Patterson Companies Net Cash Flow from Operations is quite stable at the moment as compared to the past year. The company's current value of Net Cash Flow from Operations is estimated at (1.01 Billion)

Payment of 4156 shares by Les Korsh of Patterson Companies subject to Rule 16b-3

Legal trades by Patterson Companies insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:
Patterson insider trading alert for payment of common stock by Les Korsh, Chief Legal Officer, on 25th of July 2022. This event was filed by Patterson Companies Inc with SEC on 2022-07-06. Statement of changes in beneficial ownership - SEC Form 4. Les Korsh currently serves as vice president general counsel, secretary of Patterson Companies [view details]   
Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

Is Patterson Companies valued adequately by the market?

Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include product or services discounts, promotions, as well as early payments on invoices or services rendered in advance.

Revenue Breakdown

Let me take a closer look at Patterson Companies revenue. Based on the latest financial disclosure, Patterson Companies reported 6.38 B of revenue. This is 16.35% lower than that of the Healthcare sector and 92.0% lower than that of the Medical Distribution industry. The revenue for all United States stocks is 32.38% higher than that of the entity. As for Perkinelmer we see revenue of 5.06 B, which is 93.65% lower than that of the Medical Distribution

Patterson6.38 Billion
Sector7.63 Billion
Perkinelmer5.06 Billion
6.4 B
7.6 B
5.1 B

Another setback for Patterson Companies institutional investors

Latest standard deviation is at 1.95. Patterson Companies exhibits very low volatility with skewness of 0.63 and kurtosis of 1.64. However, we advise investors to further study Patterson Companies technical indicators to make sure all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Patterson Companies' stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Patterson Companies' 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.

Patterson Companies Implied Volatility

Patterson Companies' implied volatility exposes the market's sentiment of Patterson Companies stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Patterson Companies' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Patterson Companies stock will not fluctuate a lot when Patterson Companies' options are near their expiration.

Our Final Takeaway

When is the right time to buy or sell Patterson Companies? Buying stocks such as Patterson Companies isn't very hard. However, what challenging for most investors is doing it at the right time. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities, deliver winning trades and diversify portfolios on a daily basis.
While some institutional investors may not share our view we believe that the current risk-reward utility is not appealing enough to do any trading. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Patterson Companies.

Editorial Staff

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 Patterson Companies. Please refer to our Terms of Use for any information regarding our disclosure principles.

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