Trubridge Stock Probability of Future Stock Price Finishing Under 12.25
| TBRG Stock | USD 16.93 0.39 2.36% |
TruBridge |
TruBridge Target Price Odds to finish below 12.25
The tendency of TruBridge 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 drop to $ 12.25 or more in 90 days |
| 16.93 | 90 days | 12.25 | about 27.79 |
Based on a normal probability distribution, the odds of TruBridge to drop to $ 12.25 or more in 90 days from now is about 27.79 (This TruBridge probability density function shows the probability of TruBridge Stock to fall within a particular range of prices over 90 days) . Probability of TruBridge price to stay between $ 12.25 and its current price of $16.93 at the end of the 90-day period is about 71.8 .
Given the investment horizon of 90 days TruBridge has a beta of 0.17. This usually implies as returns on the market go up, TruBridge average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding TruBridge will be expected to be much smaller as well. Additionally TruBridge has an alpha of 0.4896, implying that it can generate a 0.49 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). TruBridge Price Density |
| Price |
Predictive Modules for TruBridge
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as TruBridge. 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.TruBridge Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. TruBridge is not an exception. The market had few large corrections towards the TruBridge'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 TruBridge, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of TruBridge within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.49 | |
β | Beta against Dow Jones | 0.17 | |
σ | Overall volatility | 1.40 | |
Ir | Information ratio | 0.18 |
TruBridge 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 TruBridge for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for TruBridge can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| TruBridge was previously known as CPSI Old and was traded on NASDAQ Exchange under the symbol CPSI. | |
| TruBridge currently holds 203.29 M in liabilities with Debt to Equity (D/E) ratio of 6.3, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. TruBridge has a current ratio of 0.19, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about TruBridge's use of debt, we should always consider it together with its cash and equity. | |
| The entity reported the previous year's revenue of 339.44 M. Net Loss for the year was (45.79 M) with profit before overhead, payroll, taxes, and interest of 154.44 M. | |
| About 72.0% of TruBridge shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Acquisition by Anquillare Mark V of 2500 shares of TruBridge at 16.81 subject to Rule 16b-3 |
TruBridge 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 TruBridge Stock often depends not only on the future outlook of the current and potential TruBridge'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. TruBridge's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 14.2 M | |
| Cash And Short Term Investments | 3.8 M |
TruBridge Technical Analysis
TruBridge's future price can be derived by breaking down and analyzing its technical indicators over time. TruBridge Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of TruBridge. In general, you should focus on analyzing TruBridge Stock price patterns and their correlations with different microeconomic environments and drivers.
TruBridge Predictive Forecast Models
TruBridge's time-series forecasting models is one of many TruBridge'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 TruBridge'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 TruBridge
Checking the ongoing alerts about TruBridge for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for TruBridge help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| TruBridge was previously known as CPSI Old and was traded on NASDAQ Exchange under the symbol CPSI. | |
| TruBridge currently holds 203.29 M in liabilities with Debt to Equity (D/E) ratio of 6.3, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. TruBridge has a current ratio of 0.19, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about TruBridge's use of debt, we should always consider it together with its cash and equity. | |
| The entity reported the previous year's revenue of 339.44 M. Net Loss for the year was (45.79 M) with profit before overhead, payroll, taxes, and interest of 154.44 M. | |
| About 72.0% of TruBridge shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Acquisition by Anquillare Mark V of 2500 shares of TruBridge at 16.81 subject to Rule 16b-3 |
Check out TruBridge Backtesting, TruBridge Valuation, TruBridge Correlation, TruBridge Hype Analysis, TruBridge Volatility, TruBridge History as well as TruBridge Performance. For more detail on how to invest in TruBridge Stock please use our How to Invest in TruBridge guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Health Care Technology 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 TruBridge. If investors know TruBridge 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 TruBridge 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 (0.62) | Earnings Share (4.09) | Revenue Per Share 23.665 | Quarterly Revenue Growth 0.014 | Return On Assets (0.01) |
The market value of TruBridge is measured differently than its book value, which is the value of TruBridge that is recorded on the company's balance sheet. Investors also form their own opinion of TruBridge's value that differs from its market value or its book value, called intrinsic value, which is TruBridge'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 TruBridge's market value can be influenced by many factors that don't directly affect TruBridge'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 TruBridge's value and its price as these two are different measures arrived at by different means. Investors typically determine if TruBridge is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TruBridge'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.