Ikena Oncology Stock Probability of Future Stock Price Finishing Over 1.7
| IKNA Stock | USD 1.71 0.02 1.16% |
Ikena |
Ikena Oncology Target Price Odds to finish over 1.7
The tendency of Ikena 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 stay above $ 1.70 in 90 days |
| 1.71 | 90 days | 1.70 | about 64.1 |
Based on a normal probability distribution, the odds of Ikena Oncology to stay above $ 1.70 in 90 days from now is about 64.1 (This Ikena Oncology probability density function shows the probability of Ikena Stock to fall within a particular range of prices over 90 days) . Probability of Ikena Oncology price to stay between $ 1.70 and its current price of $1.71 at the end of the 90-day period is about 14.09 .
Given the investment horizon of 90 days Ikena Oncology has a beta of 0.52. This usually indicates as returns on the market go up, Ikena Oncology average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Ikena Oncology will be expected to be much smaller as well. Additionally Ikena Oncology has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Ikena Oncology Price Density |
| Price |
Predictive Modules for Ikena Oncology
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ikena Oncology. 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.Ikena Oncology Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Ikena Oncology is not an exception. The market had few large corrections towards the Ikena Oncology'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 Ikena Oncology, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Ikena Oncology within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.07 | |
β | Beta against Dow Jones | 0.52 | |
σ | Overall volatility | 0.03 | |
Ir | Information ratio | -0.07 |
Ikena Oncology 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 Ikena Oncology for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Ikena Oncology can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Ikena Oncology generated a negative expected return over the last 90 days | |
| Ikena Oncology may become a speculative penny stock | |
| Ikena Oncology has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 9.16 M. Net Loss for the year was (68.17 M) with loss before overhead, payroll, taxes, and interest of (48.7 M). | |
| Ikena Oncology currently holds about 192.81 M in cash with (79.74 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.32, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Ikena Oncology has a frail financial position based on the latest SEC disclosures | |
| Roughly 64.0% of the company shares are owned by institutional investors | |
| Latest headline from MacroaxisInsider: Acquisition by Dukes Iain D. of 23419 shares of Ikena Oncology at 14.92 subject to Rule 16b-3 |
Ikena Oncology 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 Ikena Stock often depends not only on the future outlook of the current and potential Ikena Oncology'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. Ikena Oncology's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 41.7 M | |
| Cash And Short Term Investments | 175.5 M |
Ikena Oncology Technical Analysis
Ikena Oncology's future price can be derived by breaking down and analyzing its technical indicators over time. Ikena Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Ikena Oncology. In general, you should focus on analyzing Ikena Stock price patterns and their correlations with different microeconomic environments and drivers.
Ikena Oncology Predictive Forecast Models
Ikena Oncology's time-series forecasting models is one of many Ikena Oncology'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 Ikena Oncology'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 Ikena Oncology
Checking the ongoing alerts about Ikena Oncology for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Ikena Oncology help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Ikena Oncology generated a negative expected return over the last 90 days | |
| Ikena Oncology may become a speculative penny stock | |
| Ikena Oncology has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 9.16 M. Net Loss for the year was (68.17 M) with loss before overhead, payroll, taxes, and interest of (48.7 M). | |
| Ikena Oncology currently holds about 192.81 M in cash with (79.74 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.32, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Ikena Oncology has a frail financial position based on the latest SEC disclosures | |
| Roughly 64.0% of the company shares are owned by institutional investors | |
| Latest headline from MacroaxisInsider: Acquisition by Dukes Iain D. of 23419 shares of Ikena Oncology at 14.92 subject to Rule 16b-3 |
Check out Ikena Oncology Backtesting, Ikena Oncology Valuation, Ikena Oncology Correlation, Ikena Oncology Hype Analysis, Ikena Oncology Volatility, Ikena Oncology History as well as Ikena Oncology Performance. For information on how to trade Ikena Stock refer to our How to Trade Ikena Stock guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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 Ikena Oncology. If investors know Ikena 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 Ikena Oncology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.23) | Revenue Per Share 0.014 | Quarterly Revenue Growth (0.88) | Return On Assets (0.22) | Return On Equity (0.37) |
The market value of Ikena Oncology is measured differently than its book value, which is the value of Ikena that is recorded on the company's balance sheet. Investors also form their own opinion of Ikena Oncology's value that differs from its market value or its book value, called intrinsic value, which is Ikena Oncology'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 Ikena Oncology's market value can be influenced by many factors that don't directly affect Ikena Oncology'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 Ikena Oncology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ikena Oncology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ikena Oncology'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.