Procyon Stock Odds of Future Pink Sheet Price Finishing Under 0.01
| PCYN Stock | USD 0.20 0.00 0.00% |
Procyon |
Procyon Target Price Odds to finish below 0.01
The tendency of Procyon Pink Sheet 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 $ 0.01 or more in 90 days |
| 0.20 | 90 days | 0.01 | near 1 |
Based on a normal probability distribution, the odds of Procyon to drop to $ 0.01 or more in 90 days from now is near 1 (This Procyon probability density function shows the probability of Procyon Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Procyon price to stay between $ 0.01 and its current price of $0.2 at the end of the 90-day period is about 36.66 .
Given the investment horizon of 90 days Procyon has a beta of 0.23 indicating as returns on the market go up, Procyon average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Procyon will be expected to be much smaller as well. Additionally Procyon has an alpha of 0.4399, implying that it can generate a 0.44 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Procyon Price Density |
| Price |
Predictive Modules for Procyon
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Procyon. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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 Procyon'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.
Procyon Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Procyon is not an exception. The market had few large corrections towards the Procyon'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 Procyon, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Procyon within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.44 | |
β | Beta against Dow Jones | 0.23 | |
σ | Overall volatility | 0.03 | |
Ir | Information ratio | 0.04 |
Procyon 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 Procyon for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Procyon can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Procyon had very high historical volatility over the last 90 days | |
| Procyon has some characteristics of a very speculative penny stock | |
| The company reported the previous year's revenue of 4.84 M. Net Loss for the year was (209.79 K) with profit before overhead, payroll, taxes, and interest of 3.49 M. | |
| Procyon currently holds about 1.04 M in cash with (229.46 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.13. | |
| Roughly 65.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from gurufocus.com: Cumberland Pharmaceuticals Inc Reports Q3 2024 Revenue of 9.1 Million and EPS Loss of 0.11 |
Procyon 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 Procyon Pink Sheet often depends not only on the future outlook of the current and potential Procyon'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. Procyon's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 8.1 M | |
| Cash And Short Term Investments | 1 M |
Procyon Technical Analysis
Procyon's future price can be derived by breaking down and analyzing its technical indicators over time. Procyon Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Procyon. In general, you should focus on analyzing Procyon Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Procyon Predictive Forecast Models
Procyon's time-series forecasting models is one of many Procyon's pink sheet 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 Procyon'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 pink sheet market movement and maximize returns from investment trading.
Things to note about Procyon
Checking the ongoing alerts about Procyon for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Procyon help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Procyon had very high historical volatility over the last 90 days | |
| Procyon has some characteristics of a very speculative penny stock | |
| The company reported the previous year's revenue of 4.84 M. Net Loss for the year was (209.79 K) with profit before overhead, payroll, taxes, and interest of 3.49 M. | |
| Procyon currently holds about 1.04 M in cash with (229.46 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.13. | |
| Roughly 65.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from gurufocus.com: Cumberland Pharmaceuticals Inc Reports Q3 2024 Revenue of 9.1 Million and EPS Loss of 0.11 |
Other Information on Investing in Procyon Pink Sheet
Procyon financial ratios help investors to determine whether Procyon Pink Sheet 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 Procyon with respect to the benefits of owning Procyon security.