Glycomimetics Stock Probability of Future Stock Price Finishing Over 0.32
| GLYC Stock | USD 0.32 0.03 10.34% |
GlycoMimetics |
GlycoMimetics Target Price Odds to finish over 0.32
The tendency of GlycoMimetics Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move above the current price in 90 days |
| 0.32 | 90 days | 0.32 | about 20.66 |
Based on a normal probability distribution, the odds of GlycoMimetics to move above the current price in 90 days from now is about 20.66 (This GlycoMimetics probability density function shows the probability of GlycoMimetics Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days GlycoMimetics has a beta of -2.36. This usually indicates as returns on its benchmark rise, returns on holding GlycoMimetics are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, GlycoMimetics is expected to outperform its benchmark. In addition to that GlycoMimetics has an alpha of 2.2924, implying that it can generate a 2.29 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). GlycoMimetics Price Density |
| Price |
Predictive Modules for GlycoMimetics
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as GlycoMimetics. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of GlycoMimetics' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
GlycoMimetics Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. GlycoMimetics is not an exception. The market had few large corrections towards the GlycoMimetics' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold GlycoMimetics, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of GlycoMimetics within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 2.29 | |
β | Beta against Dow Jones | -2.36 | |
σ | Overall volatility | 0.11 | |
Ir | Information ratio | 0.08 |
GlycoMimetics Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of GlycoMimetics for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for GlycoMimetics can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| GlycoMimetics is way too risky over 90 days horizon | |
| GlycoMimetics has some characteristics of a very speculative penny stock | |
| GlycoMimetics appears to be risky and price may revert if volatility continues | |
| GlycoMimetics has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 10 K. Net Loss for the year was (36.9 M) with profit before overhead, payroll, taxes, and interest of 75 K. | |
| GlycoMimetics currently holds about 60.24 M in cash with (34.88 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.15, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Latest headline from finance.yahoo.com: GlycoMimetics Q3 Earnings Snapshot |
GlycoMimetics Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of GlycoMimetics Stock often depends not only on the future outlook of the current and potential GlycoMimetics' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. GlycoMimetics' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 63.3 M | |
| Cash And Short Term Investments | 41.8 M |
GlycoMimetics Technical Analysis
GlycoMimetics' future price can be derived by breaking down and analyzing its technical indicators over time. GlycoMimetics Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of GlycoMimetics. In general, you should focus on analyzing GlycoMimetics Stock price patterns and their correlations with different microeconomic environments and drivers.
GlycoMimetics Predictive Forecast Models
GlycoMimetics' time-series forecasting models is one of many GlycoMimetics' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary GlycoMimetics' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about GlycoMimetics
Checking the ongoing alerts about GlycoMimetics for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for GlycoMimetics help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| GlycoMimetics is way too risky over 90 days horizon | |
| GlycoMimetics has some characteristics of a very speculative penny stock | |
| GlycoMimetics appears to be risky and price may revert if volatility continues | |
| GlycoMimetics has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 10 K. Net Loss for the year was (36.9 M) with profit before overhead, payroll, taxes, and interest of 75 K. | |
| GlycoMimetics currently holds about 60.24 M in cash with (34.88 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.15, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Latest headline from finance.yahoo.com: GlycoMimetics Q3 Earnings Snapshot |
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Is Biotechnology 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 GlycoMimetics. If investors know GlycoMimetics 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 GlycoMimetics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.62) | Quarterly Revenue Growth (1.00) | Return On Assets (0.59) | Return On Equity (1.04) |
The market value of GlycoMimetics is measured differently than its book value, which is the value of GlycoMimetics that is recorded on the company's balance sheet. Investors also form their own opinion of GlycoMimetics' value that differs from its market value or its book value, called intrinsic value, which is GlycoMimetics' 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 GlycoMimetics' market value can be influenced by many factors that don't directly affect GlycoMimetics' 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 GlycoMimetics' value and its price as these two are different measures arrived at by different means. Investors typically determine if GlycoMimetics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GlycoMimetics' 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.