Endra Life Sciences Stock Probability of Future Stock Price Finishing Under 1.85
| NDRA Stock | USD 5.09 0.18 3.42% |
ENDRA |
ENDRA Life Target Price Odds to finish below 1.85
The tendency of ENDRA 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 drop to $ 1.85 or more in 90 days |
| 5.09 | 90 days | 1.85 | about 1.89 |
Based on a normal probability distribution, the odds of ENDRA Life to drop to $ 1.85 or more in 90 days from now is about 1.89 (This ENDRA Life Sciences probability density function shows the probability of ENDRA Stock to fall within a particular range of prices over 90 days) . Probability of ENDRA Life Sciences price to stay between $ 1.85 and its current price of $5.09 at the end of the 90-day period is about 11.62 .
Given the investment horizon of 90 days ENDRA Life has a beta of 0.19. This indicates as returns on the market go up, ENDRA Life average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding ENDRA Life Sciences will be expected to be much smaller as well. Additionally ENDRA Life Sciences 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. ENDRA Life Price Density |
| Price |
Predictive Modules for ENDRA Life
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ENDRA Life Sciences. 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.ENDRA Life Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ENDRA Life is not an exception. The market had few large corrections towards the ENDRA Life'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 ENDRA Life Sciences, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ENDRA Life within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.76 | |
β | Beta against Dow Jones | 0.19 | |
σ | Overall volatility | 3.33 | |
Ir | Information ratio | -0.05 |
ENDRA Life 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 ENDRA Life for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ENDRA Life Sciences can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| ENDRA Life Sciences generated a negative expected return over the last 90 days | |
| ENDRA Life Sciences has high historical volatility and very poor performance | |
| ENDRA Life Sciences has a very high chance of going through financial distress in the upcoming years | |
| ENDRA Life Scienceshas 841,047 shares shorted by ENDRA Life investors is about 100% of outstending shares | |
| Net Loss for the year was (10.06 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| ENDRA Life Sciences currently holds about 11.28 M in cash with (9.55 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.18. | |
| ENDRA Life Sciences has a poor financial position based on the latest SEC disclosures | |
| Latest headline from gurufocus.com: Burning Rock Biotech Stock Surges Over 13 percent Amid Impressive November Gains |
ENDRA Life 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 ENDRA Stock often depends not only on the future outlook of the current and potential ENDRA Life'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. ENDRA Life's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 9 M | |
| Dividends Paid | 840.00 | |
| Cash And Short Term Investments | 2.8 M |
ENDRA Life Technical Analysis
ENDRA Life's future price can be derived by breaking down and analyzing its technical indicators over time. ENDRA Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ENDRA Life Sciences. In general, you should focus on analyzing ENDRA Stock price patterns and their correlations with different microeconomic environments and drivers.
ENDRA Life Predictive Forecast Models
ENDRA Life's time-series forecasting models is one of many ENDRA Life'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 ENDRA Life'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 ENDRA Life Sciences
Checking the ongoing alerts about ENDRA Life for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for ENDRA Life Sciences help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| ENDRA Life Sciences generated a negative expected return over the last 90 days | |
| ENDRA Life Sciences has high historical volatility and very poor performance | |
| ENDRA Life Sciences has a very high chance of going through financial distress in the upcoming years | |
| ENDRA Life Scienceshas 841,047 shares shorted by ENDRA Life investors is about 100% of outstending shares | |
| Net Loss for the year was (10.06 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| ENDRA Life Sciences currently holds about 11.28 M in cash with (9.55 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.18. | |
| ENDRA Life Sciences has a poor financial position based on the latest SEC disclosures | |
| Latest headline from gurufocus.com: Burning Rock Biotech Stock Surges Over 13 percent Amid Impressive November Gains |
Check out ENDRA Life Backtesting, ENDRA Life Valuation, ENDRA Life Correlation, ENDRA Life Hype Analysis, ENDRA Life Volatility, ENDRA Life History as well as ENDRA Life Performance. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Is Health Care Equipment & Supplies 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 ENDRA Life. If investors know ENDRA 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 ENDRA Life listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share -3 K | Return On Assets (0.61) | Return On Equity (1.20) |
The market value of ENDRA Life Sciences is measured differently than its book value, which is the value of ENDRA that is recorded on the company's balance sheet. Investors also form their own opinion of ENDRA Life's value that differs from its market value or its book value, called intrinsic value, which is ENDRA Life'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 ENDRA Life's market value can be influenced by many factors that don't directly affect ENDRA Life'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 ENDRA Life's value and its price as these two are different measures arrived at by different means. Investors typically determine if ENDRA Life is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ENDRA Life'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.