Nrgene Technologies (Israel) Probability of Future Stock Price Finishing Under 397.0
| NRGN Stock | ILA 302.40 5.40 1.75% |
Nrgene |
Nrgene Technologies Target Price Odds to finish below 397.0
The tendency of Nrgene 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 under 397.00 after 90 days |
| 302.40 | 90 days | 397.00 | roughly 97.0 |
Based on a normal probability distribution, the odds of Nrgene Technologies to stay under 397.00 after 90 days from now is roughly 97.0 (This Nrgene Technologies probability density function shows the probability of Nrgene Stock to fall within a particular range of prices over 90 days) . Probability of Nrgene Technologies price to stay between its current price of 302.40 and 397.00 at the end of the 90-day period is about 81.17 .
Assuming the 90 days trading horizon Nrgene Technologies has a beta of -0.45. This indicates as returns on the benchmark increase, returns on holding Nrgene Technologies are expected to decrease at a much lower rate. During a bear market, however, Nrgene Technologies is likely to outperform the market. Additionally Nrgene Technologies 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. Nrgene Technologies Price Density |
| Price |
Predictive Modules for Nrgene Technologies
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nrgene Technologies. 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.Nrgene Technologies Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nrgene Technologies is not an exception. The market had few large corrections towards the Nrgene Technologies' 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 Nrgene Technologies, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nrgene Technologies within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.27 | |
β | Beta against Dow Jones | -0.45 | |
σ | Overall volatility | 33.33 | |
Ir | Information ratio | -0.12 |
Nrgene Technologies 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 Nrgene Technologies for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nrgene Technologies can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Nrgene Technologies generated a negative expected return over the last 90 days | |
| Nrgene Technologies has high historical volatility and very poor performance | |
| Nrgene Technologies has accumulated 5.08 M in total debt. Nrgene Technologies has a current ratio of 0.4, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Nrgene Technologies until it has trouble settling it off, either with new capital or with free cash flow. So, Nrgene Technologies' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Nrgene Technologies sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Nrgene to invest in growth at high rates of return. When we think about Nrgene Technologies' use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 3.8 M. Net Loss for the year was (3.15 M) with profit before overhead, payroll, taxes, and interest of 2.46 M. | |
| Nrgene Technologies has accumulated about 1.48 M in cash with (1.42 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.12. | |
| Roughly 39.0% of the company outstanding shares are owned by corporate insiders |
Nrgene Technologies Technical Analysis
Nrgene Technologies' future price can be derived by breaking down and analyzing its technical indicators over time. Nrgene Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nrgene Technologies. In general, you should focus on analyzing Nrgene Stock price patterns and their correlations with different microeconomic environments and drivers.
Nrgene Technologies Predictive Forecast Models
Nrgene Technologies' time-series forecasting models is one of many Nrgene Technologies' 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 Nrgene Technologies' 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 Nrgene Technologies
Checking the ongoing alerts about Nrgene Technologies for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nrgene Technologies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Nrgene Technologies generated a negative expected return over the last 90 days | |
| Nrgene Technologies has high historical volatility and very poor performance | |
| Nrgene Technologies has accumulated 5.08 M in total debt. Nrgene Technologies has a current ratio of 0.4, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Nrgene Technologies until it has trouble settling it off, either with new capital or with free cash flow. So, Nrgene Technologies' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Nrgene Technologies sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Nrgene to invest in growth at high rates of return. When we think about Nrgene Technologies' use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 3.8 M. Net Loss for the year was (3.15 M) with profit before overhead, payroll, taxes, and interest of 2.46 M. | |
| Nrgene Technologies has accumulated about 1.48 M in cash with (1.42 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.12. | |
| Roughly 39.0% of the company outstanding shares are owned by corporate insiders |
Other Information on Investing in Nrgene Stock
Nrgene Technologies financial ratios help investors to determine whether Nrgene Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Nrgene with respect to the benefits of owning Nrgene Technologies security.