Innovative Eyewear Stock Probability of Future Stock Price Finishing Over 15.44
| LUCY Stock | USD 6.56 0.16 2.38% |
Innovative |
Innovative Eyewear Target Price Odds to finish over 15.44
The tendency of Innovative 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 $ 15.44 or more in 90 days |
| 6.56 | 90 days | 15.44 | near 1 |
Based on a normal probability distribution, the odds of Innovative Eyewear to move over $ 15.44 or more in 90 days from now is near 1 (This Innovative Eyewear probability density function shows the probability of Innovative Stock to fall within a particular range of prices over 90 days) . Probability of Innovative Eyewear price to stay between its current price of $ 6.56 and $ 15.44 at the end of the 90-day period is about 56.27 .
Given the investment horizon of 90 days the stock has the beta coefficient of 2.21 . This 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, Innovative Eyewear will likely underperform. Moreover Innovative Eyewear has an alpha of 1.1636, implying that it can generate a 1.16 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Innovative Eyewear Price Density |
| Price |
Predictive Modules for Innovative Eyewear
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Innovative Eyewear. 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 Innovative Eyewear'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.
Innovative Eyewear Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Innovative Eyewear is not an exception. The market had few large corrections towards the Innovative Eyewear'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 Innovative Eyewear, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Innovative Eyewear within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.16 | |
β | Beta against Dow Jones | 2.21 | |
σ | Overall volatility | 1.71 | |
Ir | Information ratio | 0.12 |
Innovative Eyewear 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 Innovative Eyewear for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Innovative Eyewear can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Innovative Eyewear is way too risky over 90 days horizon | |
| Innovative Eyewear appears to be risky and price may revert if volatility continues | |
| Innovative Eyewear currently holds 659.94 K in liabilities. Innovative Eyewear has a current ratio of 0.33, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Innovative Eyewear's use of debt, we should always consider it together with its cash and equity. | |
| The entity reported the previous year's revenue of 1.15 M. Net Loss for the year was (6.66 M) with profit before overhead, payroll, taxes, and interest of 148.25 K. | |
| Innovative Eyewear currently holds about 34.88 K in cash with (5.77 M) of positive cash flow from operations. | |
| Innovative Eyewear has a poor financial position based on the latest SEC disclosures | |
| Roughly 54.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from simplywall.st: Innovative Eyewear Third Quarter 2024 Earnings US0.99 loss per share |
Innovative Eyewear 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 Innovative Stock often depends not only on the future outlook of the current and potential Innovative Eyewear'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. Innovative Eyewear's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 525.8 K | |
| Cash And Short Term Investments | 4.3 M | |
| Shares Float | 734.7 K |
Innovative Eyewear Technical Analysis
Innovative Eyewear's future price can be derived by breaking down and analyzing its technical indicators over time. Innovative Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Innovative Eyewear. In general, you should focus on analyzing Innovative Stock price patterns and their correlations with different microeconomic environments and drivers.
Innovative Eyewear Predictive Forecast Models
Innovative Eyewear's time-series forecasting models is one of many Innovative Eyewear'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 Innovative Eyewear'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 Innovative Eyewear
Checking the ongoing alerts about Innovative Eyewear for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Innovative Eyewear help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Innovative Eyewear is way too risky over 90 days horizon | |
| Innovative Eyewear appears to be risky and price may revert if volatility continues | |
| Innovative Eyewear currently holds 659.94 K in liabilities. Innovative Eyewear has a current ratio of 0.33, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Innovative Eyewear's use of debt, we should always consider it together with its cash and equity. | |
| The entity reported the previous year's revenue of 1.15 M. Net Loss for the year was (6.66 M) with profit before overhead, payroll, taxes, and interest of 148.25 K. | |
| Innovative Eyewear currently holds about 34.88 K in cash with (5.77 M) of positive cash flow from operations. | |
| Innovative Eyewear has a poor financial position based on the latest SEC disclosures | |
| Roughly 54.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from simplywall.st: Innovative Eyewear Third Quarter 2024 Earnings US0.99 loss per share |
Additional Tools for Innovative Stock Analysis
When running Innovative Eyewear's price analysis, check to measure Innovative Eyewear's 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 Innovative Eyewear is operating at the current time. Most of Innovative Eyewear's value examination focuses on studying past and present price action to predict the probability of Innovative Eyewear's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Innovative Eyewear's price. Additionally, you may evaluate how the addition of Innovative Eyewear to your portfolios can decrease your overall portfolio volatility.