Sharplink Gaming Stock Probability of Future Stock Price Finishing Over 0.66
| SBET Stock | USD 0.64 0.02 3.03% |
Sharplink |
Sharplink Gaming Target Price Odds to finish over 0.66
The tendency of Sharplink 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 $ 0.66 or more in 90 days |
| 0.64 | 90 days | 0.66 | about 80.12 |
Based on a normal probability distribution, the odds of Sharplink Gaming to move over $ 0.66 or more in 90 days from now is about 80.12 (This Sharplink Gaming probability density function shows the probability of Sharplink Stock to fall within a particular range of prices over 90 days) . Probability of Sharplink Gaming price to stay between its current price of $ 0.64 and $ 0.66 at the end of the 90-day period is about 8.06 .
Given the investment horizon of 90 days Sharplink Gaming has a beta of 0.26. This usually implies as returns on the market go up, Sharplink Gaming average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Sharplink Gaming will be expected to be much smaller as well. Additionally Sharplink Gaming 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. Sharplink Gaming Price Density |
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Predictive Modules for Sharplink Gaming
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sharplink Gaming. 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 Sharplink Gaming'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.
Sharplink Gaming Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Sharplink Gaming is not an exception. The market had few large corrections towards the Sharplink Gaming'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 Sharplink Gaming, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Sharplink Gaming within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.06 | |
β | Beta against Dow Jones | 0.26 | |
σ | Overall volatility | 0.06 | |
Ir | Information ratio | -0.02 |
Sharplink Gaming 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 Sharplink Gaming for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Sharplink Gaming can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Sharplink Gaming generated a negative expected return over the last 90 days | |
| Sharplink Gaming has high historical volatility and very poor performance | |
| Sharplink Gaming has some characteristics of a very speculative penny stock | |
| Sharplink Gaming has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 4.95 M. Net Loss for the year was (14.24 M) with profit before overhead, payroll, taxes, and interest of 282.5 K. | |
| Sharplink Gaming currently holds about 5.02 M in cash with (57.37 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.22. | |
| Roughly 16.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from gurufocus.com: SharpLink Gaming Announces 2024 Annual General Meeting of Stockholders |
Sharplink Gaming 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 Sharplink Stock often depends not only on the future outlook of the current and potential Sharplink Gaming'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. Sharplink Gaming's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 2.8 M | |
| Cash And Short Term Investments | 2.5 M |
Sharplink Gaming Technical Analysis
Sharplink Gaming's future price can be derived by breaking down and analyzing its technical indicators over time. Sharplink Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Sharplink Gaming. In general, you should focus on analyzing Sharplink Stock price patterns and their correlations with different microeconomic environments and drivers.
Sharplink Gaming Predictive Forecast Models
Sharplink Gaming's time-series forecasting models is one of many Sharplink Gaming'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 Sharplink Gaming'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 Sharplink Gaming
Checking the ongoing alerts about Sharplink Gaming for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Sharplink Gaming help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Sharplink Gaming generated a negative expected return over the last 90 days | |
| Sharplink Gaming has high historical volatility and very poor performance | |
| Sharplink Gaming has some characteristics of a very speculative penny stock | |
| Sharplink Gaming has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 4.95 M. Net Loss for the year was (14.24 M) with profit before overhead, payroll, taxes, and interest of 282.5 K. | |
| Sharplink Gaming currently holds about 5.02 M in cash with (57.37 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.22. | |
| Roughly 16.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from gurufocus.com: SharpLink Gaming Announces 2024 Annual General Meeting of Stockholders |
Additional Tools for Sharplink Stock Analysis
When running Sharplink Gaming's price analysis, check to measure Sharplink Gaming'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 Sharplink Gaming is operating at the current time. Most of Sharplink Gaming's value examination focuses on studying past and present price action to predict the probability of Sharplink Gaming's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sharplink Gaming's price. Additionally, you may evaluate how the addition of Sharplink Gaming to your portfolios can decrease your overall portfolio volatility.