Nexttrip Stock Odds of Future Stock Price Finishing Over 32.85
| NTRP Stock | USD 3.82 0.82 27.33% |
NextTrip |
NextTrip Target Price Odds to finish over 32.85
The tendency of NextTrip 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 $ 32.85 or more in 90 days |
| 3.82 | 90 days | 32.85 | close to zero percent |
Based on a normal probability distribution, the odds of NextTrip to move over $ 32.85 or more in 90 days from now is close to zero percent (This NextTrip probability density function shows the probability of NextTrip Stock to fall within a particular range of prices over 90 days) . Probability of NextTrip price to stay between its current price of $ 3.82 and $ 32.85 at the end of the 90-day period is near 1 .
Given the investment horizon of 90 days NextTrip has a beta of 0.63. This indicates as returns on the market go up, NextTrip average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding NextTrip will be expected to be much smaller as well. Additionally NextTrip has an alpha of 0.7141, implying that it can generate a 0.71 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). NextTrip Price Density |
| Price |
Predictive Modules for NextTrip
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NextTrip. 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.NextTrip Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. NextTrip is not an exception. The market had few large corrections towards the NextTrip'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 NextTrip, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NextTrip within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.71 | |
β | Beta against Dow Jones | 0.63 | |
σ | Overall volatility | 0.50 | |
Ir | Information ratio | 0.06 |
NextTrip 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 NextTrip for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for NextTrip can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| NextTrip is way too risky over 90 days horizon | |
| NextTrip appears to be risky and price may revert if volatility continues | |
| NextTrip has high likelihood to experience some financial distress in the next 2 years | |
| NextTrip was previously known as Sigma Labs and was traded on NASDAQ Exchange under the symbol SASI. | |
| The company reported the previous year's revenue of 458.75 K. Net Loss for the year was (7.33 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| NextTrip currently holds about 27 M in cash with (5.73 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.13. | |
| Roughly 24.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: NextTrip Shares Financial Updates and Projections - TipRanks |
NextTrip 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 NextTrip Stock often depends not only on the future outlook of the current and potential NextTrip'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. NextTrip's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 936.4 K |
NextTrip Technical Analysis
NextTrip's future price can be derived by breaking down and analyzing its technical indicators over time. NextTrip Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NextTrip. In general, you should focus on analyzing NextTrip Stock price patterns and their correlations with different microeconomic environments and drivers.
NextTrip Predictive Forecast Models
NextTrip's time-series forecasting models is one of many NextTrip'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 NextTrip'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 NextTrip
Checking the ongoing alerts about NextTrip for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for NextTrip help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| NextTrip is way too risky over 90 days horizon | |
| NextTrip appears to be risky and price may revert if volatility continues | |
| NextTrip has high likelihood to experience some financial distress in the next 2 years | |
| NextTrip was previously known as Sigma Labs and was traded on NASDAQ Exchange under the symbol SASI. | |
| The company reported the previous year's revenue of 458.75 K. Net Loss for the year was (7.33 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| NextTrip currently holds about 27 M in cash with (5.73 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.13. | |
| Roughly 24.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: NextTrip Shares Financial Updates and Projections - TipRanks |
Additional Tools for NextTrip Stock Analysis
When running NextTrip's price analysis, check to measure NextTrip'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 NextTrip is operating at the current time. Most of NextTrip's value examination focuses on studying past and present price action to predict the probability of NextTrip's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NextTrip's price. Additionally, you may evaluate how the addition of NextTrip to your portfolios can decrease your overall portfolio volatility.