Prenetics Global Stock Probability of Future Stock Price Finishing Over 20.39
| PRE Stock | USD 4.48 0.05 1.13% |
Prenetics |
Prenetics Global Target Price Odds to finish over 20.39
The tendency of Prenetics 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 $ 20.39 or more in 90 days |
| 4.48 | 90 days | 20.39 | close to zero percent |
Based on a normal probability distribution, the odds of Prenetics Global to move over $ 20.39 or more in 90 days from now is close to zero percent (This Prenetics Global probability density function shows the probability of Prenetics Stock to fall within a particular range of prices over 90 days) . Probability of Prenetics Global price to stay between its current price of $ 4.48 and $ 20.39 at the end of the 90-day period is about 58.48 .
Considering the 90-day investment horizon Prenetics Global has a beta of -1.63 indicating as returns on its benchmark rise, returns on holding Prenetics Global are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Prenetics Global is expected to outperform its benchmark. Additionally Prenetics Global has an alpha of 0.3184, implying that it can generate a 0.32 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Prenetics Global Price Density |
| Price |
Predictive Modules for Prenetics Global
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Prenetics Global. 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.Prenetics Global Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Prenetics Global is not an exception. The market had few large corrections towards the Prenetics Global'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 Prenetics Global, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Prenetics Global within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.32 | |
β | Beta against Dow Jones | -1.63 | |
σ | Overall volatility | 0.28 | |
Ir | Information ratio | -0.0031 |
Prenetics Global 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 Prenetics Global for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Prenetics Global can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Prenetics Global generated a negative expected return over the last 90 days | |
| Prenetics Global has high historical volatility and very poor performance | |
| The company reported the last year's revenue of 21.74 M. Reported Net Loss for the year was (64.78 M) with profit before taxes, overhead, and interest of 131.55 M. | |
| Prenetics Global has about 176.27 M in cash with (13.76 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.59. | |
| Prenetics Global has a frail financial position based on the latest SEC disclosures | |
| Roughly 21.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from gurufocus.com: Prenetics Announces Third Quarter 2024 Financial Results |
Prenetics Global 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 Prenetics Stock often depends not only on the future outlook of the current and potential Prenetics Global'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. Prenetics Global's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 11.2 M | |
| Cash And Short Term Investments | 72.7 M |
Prenetics Global Technical Analysis
Prenetics Global's future price can be derived by breaking down and analyzing its technical indicators over time. Prenetics Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Prenetics Global. In general, you should focus on analyzing Prenetics Stock price patterns and their correlations with different microeconomic environments and drivers.
Prenetics Global Predictive Forecast Models
Prenetics Global's time-series forecasting models is one of many Prenetics Global'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 Prenetics Global'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 Prenetics Global
Checking the ongoing alerts about Prenetics Global for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Prenetics Global help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Prenetics Global generated a negative expected return over the last 90 days | |
| Prenetics Global has high historical volatility and very poor performance | |
| The company reported the last year's revenue of 21.74 M. Reported Net Loss for the year was (64.78 M) with profit before taxes, overhead, and interest of 131.55 M. | |
| Prenetics Global has about 176.27 M in cash with (13.76 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.59. | |
| Prenetics Global has a frail financial position based on the latest SEC disclosures | |
| Roughly 21.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from gurufocus.com: Prenetics Announces Third Quarter 2024 Financial Results |
Check out Prenetics Global Backtesting, Prenetics Global Valuation, Prenetics Global Correlation, Prenetics Global Hype Analysis, Prenetics Global Volatility, Prenetics Global History as well as Prenetics Global Performance. For information on how to trade Prenetics Stock refer to our How to Trade Prenetics Stock guide.You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Is Reinsurance 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 Prenetics Global. If investors know Prenetics 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 Prenetics Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.73) | Revenue Per Share 1.878 | Quarterly Revenue Growth 0.043 | Return On Assets (0.10) | Return On Equity (0.22) |
The market value of Prenetics Global is measured differently than its book value, which is the value of Prenetics that is recorded on the company's balance sheet. Investors also form their own opinion of Prenetics Global's value that differs from its market value or its book value, called intrinsic value, which is Prenetics Global'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 Prenetics Global's market value can be influenced by many factors that don't directly affect Prenetics Global'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 Prenetics Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Prenetics Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Prenetics Global'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.