Precipio Stock Odds of Future Stock Price Finishing Under 14.25
| PRPO Stock | USD 5.94 0.22 3.85% |
Precipio |
Precipio Target Price Odds to finish below 14.25
The tendency of Precipio 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 $ 14.25 after 90 days |
| 5.94 | 90 days | 14.25 | close to 99 |
Based on a normal probability distribution, the odds of Precipio to stay under $ 14.25 after 90 days from now is close to 99 (This Precipio probability density function shows the probability of Precipio Stock to fall within a particular range of prices over 90 days) . Probability of Precipio price to stay between its current price of $ 5.94 and $ 14.25 at the end of the 90-day period is under 95 .
Given the investment horizon of 90 days Precipio has a beta of 0.2 indicating as returns on the market go up, Precipio average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Precipio will be expected to be much smaller as well. Additionally Precipio 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. Precipio Price Density |
| Price |
Predictive Modules for Precipio
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Precipio. 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.Precipio Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Precipio is not an exception. The market had few large corrections towards the Precipio'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 Precipio, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Precipio within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.13 | |
β | Beta against Dow Jones | 0.20 | |
σ | Overall volatility | 0.28 | |
Ir | Information ratio | -0.08 |
Precipio 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 Precipio for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Precipio can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Precipio generated a negative expected return over the last 90 days | |
| Precipio has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 15.2 M. Net Loss for the year was (5.85 M) with profit before overhead, payroll, taxes, and interest of 2.39 M. | |
| Precipio currently holds about 7.47 M in cash with (3.56 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.33. | |
| Precipio has a frail financial position based on the latest SEC disclosures | |
| Roughly 13.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from zacks.com: Two Smaller Companies Worthy of Your Attention |
Precipio 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 Precipio Stock often depends not only on the future outlook of the current and potential Precipio'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. Precipio's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.3 M | |
| Cash And Short Term Investments | 1.5 M |
Precipio Technical Analysis
Precipio's future price can be derived by breaking down and analyzing its technical indicators over time. Precipio Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Precipio. In general, you should focus on analyzing Precipio Stock price patterns and their correlations with different microeconomic environments and drivers.
Precipio Predictive Forecast Models
Precipio's time-series forecasting models is one of many Precipio'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 Precipio'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 Precipio
Checking the ongoing alerts about Precipio for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Precipio help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Precipio generated a negative expected return over the last 90 days | |
| Precipio has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 15.2 M. Net Loss for the year was (5.85 M) with profit before overhead, payroll, taxes, and interest of 2.39 M. | |
| Precipio currently holds about 7.47 M in cash with (3.56 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.33. | |
| Precipio has a frail financial position based on the latest SEC disclosures | |
| Roughly 13.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from zacks.com: Two Smaller Companies Worthy of Your Attention |
Check out Precipio Backtesting, Precipio Valuation, Precipio Correlation, Precipio Hype Analysis, Precipio Volatility, Precipio History as well as Precipio Performance. To learn how to invest in Precipio Stock, please use our How to Invest in Precipio guide.You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Is Health Care Providers & Services 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 Precipio. If investors know Precipio 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 Precipio listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.81) | Revenue Per Share 11.73 | Quarterly Revenue Growth 0.257 | Return On Assets (0.19) | Return On Equity (0.29) |
The market value of Precipio is measured differently than its book value, which is the value of Precipio that is recorded on the company's balance sheet. Investors also form their own opinion of Precipio's value that differs from its market value or its book value, called intrinsic value, which is Precipio'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 Precipio's market value can be influenced by many factors that don't directly affect Precipio'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 Precipio's value and its price as these two are different measures arrived at by different means. Investors typically determine if Precipio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Precipio'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.