Sono Tek Corp Stock Odds of Future Stock Price Finishing Over 5.4
| SOTK Stock | USD 4.62 0.13 2.90% |
Sono |
Sono Tek Target Price Odds to finish over 5.4
The tendency of Sono 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 $ 5.40 or more in 90 days |
| 4.62 | 90 days | 5.40 | near 1 |
Based on a normal probability distribution, the odds of Sono Tek to move over $ 5.40 or more in 90 days from now is near 1 (This Sono Tek Corp probability density function shows the probability of Sono Stock to fall within a particular range of prices over 90 days) . Probability of Sono Tek Corp price to stay between its current price of $ 4.62 and $ 5.40 at the end of the 90-day period is roughly 2.28 .
Given the investment horizon of 90 days Sono Tek Corp has a beta of -0.59. This usually implies as returns on the benchmark increase, returns on holding Sono Tek are expected to decrease at a much lower rate. During a bear market, however, Sono Tek Corp is likely to outperform the market. Additionally Sono Tek Corp has an alpha of 0.2618, implying that it can generate a 0.26 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Sono Tek Price Density |
| Price |
Predictive Modules for Sono Tek
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sono Tek Corp. 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 Sono Tek'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.
Sono Tek Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Sono Tek is not an exception. The market had few large corrections towards the Sono Tek'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 Sono Tek Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Sono Tek within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.26 | |
β | Beta against Dow Jones | -0.59 | |
σ | Overall volatility | 0.18 | |
Ir | Information ratio | 0.03 |
Sono Tek 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 Sono Tek for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Sono Tek Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| About 16.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from MacroaxisInsider: Disposition of 1000 shares by Strasburg Philip A of Sono Tek at 5.61 subject to Rule 16b-3 |
Sono Tek 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 Sono Stock often depends not only on the future outlook of the current and potential Sono Tek'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. Sono Tek's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 15.8 M | |
| Cash And Short Term Investments | 11.8 M |
Sono Tek Technical Analysis
Sono Tek's future price can be derived by breaking down and analyzing its technical indicators over time. Sono Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Sono Tek Corp. In general, you should focus on analyzing Sono Stock price patterns and their correlations with different microeconomic environments and drivers.
Sono Tek Predictive Forecast Models
Sono Tek's time-series forecasting models is one of many Sono Tek'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 Sono Tek'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 Sono Tek Corp
Checking the ongoing alerts about Sono Tek for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Sono Tek Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| About 16.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from MacroaxisInsider: Disposition of 1000 shares by Strasburg Philip A of Sono Tek at 5.61 subject to Rule 16b-3 |
Check out Sono Tek Backtesting, Sono Tek Valuation, Sono Tek Correlation, Sono Tek Hype Analysis, Sono Tek Volatility, Sono Tek History as well as Sono Tek Performance. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Is Electronic Equipment, Instruments & Components 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 Sono Tek. If investors know Sono 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 Sono Tek listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.33) | Earnings Share 0.09 | Revenue Per Share 1.311 | Quarterly Revenue Growth (0.09) | Return On Assets 0.0346 |
The market value of Sono Tek Corp is measured differently than its book value, which is the value of Sono that is recorded on the company's balance sheet. Investors also form their own opinion of Sono Tek's value that differs from its market value or its book value, called intrinsic value, which is Sono Tek'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 Sono Tek's market value can be influenced by many factors that don't directly affect Sono Tek'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 Sono Tek's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sono Tek is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sono Tek'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.