Greenidge Generation Holdings Stock Probability of Future Stock Price Finishing Over 5.5
| GREE Stock | USD 2.20 0.11 4.76% |
Greenidge |
Greenidge Generation Target Price Odds to finish over 5.5
The tendency of Greenidge 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 over $ 5.50 or more in 90 days |
| 2.20 | 90 days | 5.50 | close to zero percent |
Based on a normal probability distribution, the odds of Greenidge Generation to move over $ 5.50 or more in 90 days from now is close to zero percent (This Greenidge Generation Holdings probability density function shows the probability of Greenidge Stock to fall within a particular range of prices over 90 days) . Probability of Greenidge Generation price to stay between its current price of $ 2.20 and $ 5.50 at the end of the 90-day period is about 47.25 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.66 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Greenidge Generation will likely underperform. Additionally Greenidge Generation Holdings has an alpha of 0.2231, implying that it can generate a 0.22 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Greenidge Generation Price Density |
| Price |
Predictive Modules for Greenidge Generation
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Greenidge Generation. 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 Greenidge Generation's 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.
Greenidge Generation Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Greenidge Generation is not an exception. The market had few large corrections towards the Greenidge Generation's 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 Greenidge Generation Holdings, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Greenidge Generation within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.22 | |
β | Beta against Dow Jones | 1.66 | |
σ | Overall volatility | 0.29 | |
Ir | Information ratio | 0.05 |
Greenidge Generation 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 Greenidge Generation for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Greenidge Generation can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Greenidge Generation is way too risky over 90 days horizon | |
| Greenidge Generation appears to be risky and price may revert if volatility continues | |
| Greenidge Generation has a very high chance of going through financial distress in the upcoming years | |
| Greenidge Generation Holdings currently holds 68.71 M in liabilities with Debt to Equity (D/E) ratio of 1.6, which is about average as compared to similar companies. Greenidge Generation has a current ratio of 0.85, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Greenidge Generation's use of debt, we should always consider it together with its cash and equity. | |
| The entity reported the previous year's revenue of 70.39 M. Net Loss for the year was (29.04 M) with profit before overhead, payroll, taxes, and interest of 73.46 M. | |
| Greenidge Generation Holdings currently holds about 66.38 M in cash with (12.15 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.58. | |
| Latest headline from MacroaxisInsider: Disposition of 12991 shares by Jordan Kovler of Greenidge Generation at 2.2798 subject to Rule 16b-3 |
Greenidge Generation 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 Greenidge Stock often depends not only on the future outlook of the current and potential Greenidge Generation's 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. Greenidge Generation's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 6.7 M | |
| Cash And Short Term Investments | 13.3 M |
Greenidge Generation Technical Analysis
Greenidge Generation's future price can be derived by breaking down and analyzing its technical indicators over time. Greenidge Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Greenidge Generation Holdings. In general, you should focus on analyzing Greenidge Stock price patterns and their correlations with different microeconomic environments and drivers.
Greenidge Generation Predictive Forecast Models
Greenidge Generation's time-series forecasting models is one of many Greenidge Generation's 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 Greenidge Generation's 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 Greenidge Generation
Checking the ongoing alerts about Greenidge Generation for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Greenidge Generation help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Greenidge Generation is way too risky over 90 days horizon | |
| Greenidge Generation appears to be risky and price may revert if volatility continues | |
| Greenidge Generation has a very high chance of going through financial distress in the upcoming years | |
| Greenidge Generation Holdings currently holds 68.71 M in liabilities with Debt to Equity (D/E) ratio of 1.6, which is about average as compared to similar companies. Greenidge Generation has a current ratio of 0.85, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Greenidge Generation's use of debt, we should always consider it together with its cash and equity. | |
| The entity reported the previous year's revenue of 70.39 M. Net Loss for the year was (29.04 M) with profit before overhead, payroll, taxes, and interest of 73.46 M. | |
| Greenidge Generation Holdings currently holds about 66.38 M in cash with (12.15 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.58. | |
| Latest headline from MacroaxisInsider: Disposition of 12991 shares by Jordan Kovler of Greenidge Generation at 2.2798 subject to Rule 16b-3 |
Check out Greenidge Generation Backtesting, Greenidge Generation Valuation, Greenidge Generation Correlation, Greenidge Generation Hype Analysis, Greenidge Generation Volatility, Greenidge Generation History as well as Greenidge Generation Performance. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Is Asset Management & Custody Banks 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 Greenidge Generation. If investors know Greenidge 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 Greenidge Generation listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.17) | Revenue Per Share 8.49 | Quarterly Revenue Growth (0.11) | Return On Assets (0.09) | Return On Equity (13.71) |
The market value of Greenidge Generation is measured differently than its book value, which is the value of Greenidge that is recorded on the company's balance sheet. Investors also form their own opinion of Greenidge Generation's value that differs from its market value or its book value, called intrinsic value, which is Greenidge Generation'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 Greenidge Generation's market value can be influenced by many factors that don't directly affect Greenidge Generation'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 Greenidge Generation's value and its price as these two are different measures arrived at by different means. Investors typically determine if Greenidge Generation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Greenidge Generation'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.