Newegg Commerce Stock Probability of Future Stock Price Finishing Under 0.56
| NEGG Stock | USD 0.57 0.02 3.39% |
Newegg |
Newegg Commerce Target Price Odds to finish below 0.56
The tendency of Newegg 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 $ 0.56 or more in 90 days |
| 0.57 | 90 days | 0.56 | roughly 2.52 |
Based on a normal probability distribution, the odds of Newegg Commerce to drop to $ 0.56 or more in 90 days from now is roughly 2.52 (This Newegg Commerce probability density function shows the probability of Newegg Stock to fall within a particular range of prices over 90 days) . Probability of Newegg Commerce price to stay between $ 0.56 and its current price of $0.57 at the end of the 90-day period is near 1 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.37 . 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, Newegg Commerce will likely underperform. Additionally Newegg Commerce 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. Newegg Commerce Price Density |
| Price |
Predictive Modules for Newegg Commerce
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Newegg Commerce. 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.Newegg Commerce Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Newegg Commerce is not an exception. The market had few large corrections towards the Newegg Commerce'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 Newegg Commerce, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Newegg Commerce within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.59 | |
β | Beta against Dow Jones | 1.37 | |
σ | Overall volatility | 0.08 | |
Ir | Information ratio | -0.15 |
Newegg Commerce 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 Newegg Commerce for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Newegg Commerce can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Newegg Commerce generated a negative expected return over the last 90 days | |
| Newegg Commerce has some characteristics of a very speculative penny stock | |
| Newegg Commerce has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 1.5 B. Net Loss for the year was (58.99 M) with profit before overhead, payroll, taxes, and interest of 216.63 M. | |
| Newegg Commerce currently holds about 70.07 M in cash with (3.84 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.19. | |
| Newegg Commerce has a frail financial position based on the latest SEC disclosures | |
| Roughly 94.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from finance.yahoo.com: Newegg Unveils Highly Anticipated Black Friday Sale Deals Start November 21 |
Newegg Commerce 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 Newegg Stock often depends not only on the future outlook of the current and potential Newegg Commerce'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. Newegg Commerce's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 378.6 M | |
| Cash And Short Term Investments | 106.5 M |
Newegg Commerce Technical Analysis
Newegg Commerce's future price can be derived by breaking down and analyzing its technical indicators over time. Newegg Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Newegg Commerce. In general, you should focus on analyzing Newegg Stock price patterns and their correlations with different microeconomic environments and drivers.
Newegg Commerce Predictive Forecast Models
Newegg Commerce's time-series forecasting models is one of many Newegg Commerce'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 Newegg Commerce'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 Newegg Commerce
Checking the ongoing alerts about Newegg Commerce for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Newegg Commerce help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Newegg Commerce generated a negative expected return over the last 90 days | |
| Newegg Commerce has some characteristics of a very speculative penny stock | |
| Newegg Commerce has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 1.5 B. Net Loss for the year was (58.99 M) with profit before overhead, payroll, taxes, and interest of 216.63 M. | |
| Newegg Commerce currently holds about 70.07 M in cash with (3.84 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.19. | |
| Newegg Commerce has a frail financial position based on the latest SEC disclosures | |
| Roughly 94.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from finance.yahoo.com: Newegg Unveils Highly Anticipated Black Friday Sale Deals Start November 21 |
Check out Newegg Commerce Backtesting, Newegg Commerce Valuation, Newegg Commerce Correlation, Newegg Commerce Hype Analysis, Newegg Commerce Volatility, Newegg Commerce History as well as Newegg Commerce Performance. For more detail on how to invest in Newegg Stock please use our How to Invest in Newegg Commerce guide.You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Is Computer & Electronics Retail 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 Newegg Commerce. If investors know Newegg 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 Newegg Commerce listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.41) | Earnings Share (0.15) | Revenue Per Share 3.588 | Quarterly Revenue Growth (0.14) | Return On Assets (0.10) |
The market value of Newegg Commerce is measured differently than its book value, which is the value of Newegg that is recorded on the company's balance sheet. Investors also form their own opinion of Newegg Commerce's value that differs from its market value or its book value, called intrinsic value, which is Newegg Commerce'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 Newegg Commerce's market value can be influenced by many factors that don't directly affect Newegg Commerce'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 Newegg Commerce's value and its price as these two are different measures arrived at by different means. Investors typically determine if Newegg Commerce is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Newegg Commerce'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.