Sight Sciences Stock Probability of Future Stock Price Finishing Under 4.23
| SGHT Stock | USD 3.99 0.08 2.05% |
Sight |
Sight Sciences Target Price Odds to finish below 4.23
The tendency of Sight 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 $ 4.23 after 90 days |
| 3.99 | 90 days | 4.23 | about 9.24 |
Based on a normal probability distribution, the odds of Sight Sciences to stay under $ 4.23 after 90 days from now is about 9.24 (This Sight Sciences probability density function shows the probability of Sight Stock to fall within a particular range of prices over 90 days) . Probability of Sight Sciences price to stay between its current price of $ 3.99 and $ 4.23 at the end of the 90-day period is under 4.
Given the investment horizon of 90 days the stock has the beta coefficient of 3.25 . This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Sight Sciences will likely underperform. Additionally Sight Sciences 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. Sight Sciences Price Density |
| Price |
Predictive Modules for Sight Sciences
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sight Sciences. 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.Sight Sciences Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Sight Sciences is not an exception. The market had few large corrections towards the Sight Sciences' 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 Sight Sciences, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Sight Sciences within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -1.14 | |
β | Beta against Dow Jones | 3.25 | |
σ | Overall volatility | 1.02 | |
Ir | Information ratio | -0.22 |
Sight Sciences 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 Sight Sciences for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Sight Sciences can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Sight Sciences generated a negative expected return over the last 90 days | |
| Sight Sciences has high historical volatility and very poor performance | |
| Sight Sciences has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 81.06 M. Net Loss for the year was (55.55 M) with profit before overhead, payroll, taxes, and interest of 58.97 M. | |
| Sight Sciences currently holds about 220.1 M in cash with (47.18 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.6, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Sight Sciences has a frail financial position based on the latest SEC disclosures | |
| Roughly 20.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from MacroaxisInsider: Disposition of 2891 shares by Jesse Selnick of Sight Sciences at 12.379 subject to Rule 16b-3 |
Sight Sciences 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 Sight Stock often depends not only on the future outlook of the current and potential Sight Sciences' 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. Sight Sciences' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 48.6 M | |
| Cash And Short Term Investments | 138.1 M |
Sight Sciences Technical Analysis
Sight Sciences' future price can be derived by breaking down and analyzing its technical indicators over time. Sight Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Sight Sciences. In general, you should focus on analyzing Sight Stock price patterns and their correlations with different microeconomic environments and drivers.
Sight Sciences Predictive Forecast Models
Sight Sciences' time-series forecasting models is one of many Sight Sciences' 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 Sight Sciences' 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 Sight Sciences
Checking the ongoing alerts about Sight Sciences for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Sight Sciences help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Sight Sciences generated a negative expected return over the last 90 days | |
| Sight Sciences has high historical volatility and very poor performance | |
| Sight Sciences has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 81.06 M. Net Loss for the year was (55.55 M) with profit before overhead, payroll, taxes, and interest of 58.97 M. | |
| Sight Sciences currently holds about 220.1 M in cash with (47.18 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.6, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Sight Sciences has a frail financial position based on the latest SEC disclosures | |
| Roughly 20.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from MacroaxisInsider: Disposition of 2891 shares by Jesse Selnick of Sight Sciences at 12.379 subject to Rule 16b-3 |
Additional Tools for Sight Stock Analysis
When running Sight Sciences' price analysis, check to measure Sight Sciences' 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 Sight Sciences is operating at the current time. Most of Sight Sciences' value examination focuses on studying past and present price action to predict the probability of Sight Sciences' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sight Sciences' price. Additionally, you may evaluate how the addition of Sight Sciences to your portfolios can decrease your overall portfolio volatility.