Priority Technology Holdings Stock Probability of Future Stock Price Finishing Over 21.90
| PRTH Stock | USD 8.35 0.21 2.45% |
Priority |
Priority Technology Target Price Odds to finish over 21.90
The tendency of Priority 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 $ 21.90 or more in 90 days |
| 8.35 | 90 days | 21.90 | close to zero percent |
Based on a normal probability distribution, the odds of Priority Technology to move over $ 21.90 or more in 90 days from now is close to zero percent (This Priority Technology Holdings probability density function shows the probability of Priority Stock to fall within a particular range of prices over 90 days) . Probability of Priority Technology price to stay between its current price of $ 8.35 and $ 21.90 at the end of the 90-day period is about 1.55 .
Given the investment horizon of 90 days the stock has the beta coefficient of 3.43 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Priority Technology will likely underperform. Additionally Priority Technology Holdings has an alpha of 0.7069, implying that it can generate a 0.71 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Priority Technology Price Density |
| Price |
Predictive Modules for Priority Technology
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Priority Technology. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Priority Technology'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.
Priority Technology Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Priority Technology is not an exception. The market had few large corrections towards the Priority Technology'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 Priority Technology Holdings, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Priority Technology within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.71 | |
β | Beta against Dow Jones | 3.43 | |
σ | Overall volatility | 0.95 | |
Ir | Information ratio | 0.18 |
Priority Technology 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 Priority Technology for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Priority Technology can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Priority Technology is way too risky over 90 days horizon | |
| Priority Technology appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 755.61 M. Net Loss for the year was (1.31 M) with profit before overhead, payroll, taxes, and interest of 155.02 M. | |
| About 76.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from investing.com: Earnings call Priority Technology sees robust growth in Q3 2024 |
Priority Technology 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 Priority Stock often depends not only on the future outlook of the current and potential Priority Technology'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. Priority Technology's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 78.3 M | |
| Cash And Short Term Investments | 39.6 M |
Priority Technology Technical Analysis
Priority Technology's future price can be derived by breaking down and analyzing its technical indicators over time. Priority Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Priority Technology Holdings. In general, you should focus on analyzing Priority Stock price patterns and their correlations with different microeconomic environments and drivers.
Priority Technology Predictive Forecast Models
Priority Technology's time-series forecasting models is one of many Priority Technology'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 Priority Technology'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 Priority Technology
Checking the ongoing alerts about Priority Technology for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Priority Technology help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Priority Technology is way too risky over 90 days horizon | |
| Priority Technology appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 755.61 M. Net Loss for the year was (1.31 M) with profit before overhead, payroll, taxes, and interest of 155.02 M. | |
| About 76.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from investing.com: Earnings call Priority Technology sees robust growth in Q3 2024 |
Check out Priority Technology Backtesting, Priority Technology Valuation, Priority Technology Correlation, Priority Technology Hype Analysis, Priority Technology Volatility, Priority Technology History as well as Priority Technology Performance. 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 Transaction & Payment Processing 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 Priority Technology. If investors know Priority 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 Priority Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.42) | Revenue Per Share 10.913 | Quarterly Revenue Growth 0.201 | Return On Assets 0.0474 | Return On Equity 0.5639 |
The market value of Priority Technology is measured differently than its book value, which is the value of Priority that is recorded on the company's balance sheet. Investors also form their own opinion of Priority Technology's value that differs from its market value or its book value, called intrinsic value, which is Priority Technology'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 Priority Technology's market value can be influenced by many factors that don't directly affect Priority Technology'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 Priority Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Priority Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Priority Technology'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.