Scworx Corp Stock Probability of Future Stock Price Finishing Under 1.14
| WORX Stock | USD 2.38 0.20 7.75% |
Scworx |
Scworx Corp Target Price Odds to finish below 1.14
The tendency of Scworx 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 $ 1.14 or more in 90 days |
| 2.38 | 90 days | 1.14 | about 35.91 |
Based on a normal probability distribution, the odds of Scworx Corp to drop to $ 1.14 or more in 90 days from now is about 35.91 (This Scworx Corp probability density function shows the probability of Scworx Stock to fall within a particular range of prices over 90 days) . Probability of Scworx Corp price to stay between $ 1.14 and its current price of $2.38 at the end of the 90-day period is about 63.78 .
Given the investment horizon of 90 days the stock has the beta coefficient of 6.0 . This entails as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Scworx Corp will likely underperform. Moreover Scworx Corp has an alpha of 1.2381, implying that it can generate a 1.24 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Scworx Corp Price Density |
| Price |
Predictive Modules for Scworx Corp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Scworx 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.Scworx Corp Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Scworx Corp is not an exception. The market had few large corrections towards the Scworx Corp'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 Scworx Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Scworx Corp within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.24 | |
β | Beta against Dow Jones | 6.00 | |
σ | Overall volatility | 0.39 | |
Ir | Information ratio | 0.11 |
Scworx Corp 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 Scworx Corp for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Scworx 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.| Scworx Corp is way too risky over 90 days horizon | |
| Scworx Corp appears to be risky and price may revert if volatility continues | |
| Scworx Corp has high likelihood to experience some financial distress in the next 2 years | |
| Scworx Corp currently holds 2.42 M in liabilities with Debt to Equity (D/E) ratio of 0.07, which may suggest the company is not taking enough advantage from borrowing. Scworx Corp has a current ratio of 0.26, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Scworx Corp's use of debt, we should always consider it together with its cash and equity. | |
| The entity reported the previous year's revenue of 3.8 M. Net Loss for the year was (3.98 M) with profit before overhead, payroll, taxes, and interest of 1.41 M. | |
| Scworx Corp currently holds about 23.49 K in cash with (806.16 K) of positive cash flow from operations. | |
| Scworx Corp has a frail financial position based on the latest SEC disclosures | |
| Latest headline from benzinga.com: Why SCWorx Stock Is Up 66 percent Today |
Scworx Corp 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 Scworx Stock often depends not only on the future outlook of the current and potential Scworx Corp'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. Scworx Corp's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.2 M |
Scworx Corp Technical Analysis
Scworx Corp's future price can be derived by breaking down and analyzing its technical indicators over time. Scworx Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Scworx Corp. In general, you should focus on analyzing Scworx Stock price patterns and their correlations with different microeconomic environments and drivers.
Scworx Corp Predictive Forecast Models
Scworx Corp's time-series forecasting models is one of many Scworx Corp'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 Scworx Corp'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 Scworx Corp
Checking the ongoing alerts about Scworx Corp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Scworx Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Scworx Corp is way too risky over 90 days horizon | |
| Scworx Corp appears to be risky and price may revert if volatility continues | |
| Scworx Corp has high likelihood to experience some financial distress in the next 2 years | |
| Scworx Corp currently holds 2.42 M in liabilities with Debt to Equity (D/E) ratio of 0.07, which may suggest the company is not taking enough advantage from borrowing. Scworx Corp has a current ratio of 0.26, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Scworx Corp's use of debt, we should always consider it together with its cash and equity. | |
| The entity reported the previous year's revenue of 3.8 M. Net Loss for the year was (3.98 M) with profit before overhead, payroll, taxes, and interest of 1.41 M. | |
| Scworx Corp currently holds about 23.49 K in cash with (806.16 K) of positive cash flow from operations. | |
| Scworx Corp has a frail financial position based on the latest SEC disclosures | |
| Latest headline from benzinga.com: Why SCWorx Stock Is Up 66 percent Today |
Additional Tools for Scworx Stock Analysis
When running Scworx Corp's price analysis, check to measure Scworx Corp'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 Scworx Corp is operating at the current time. Most of Scworx Corp's value examination focuses on studying past and present price action to predict the probability of Scworx Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Scworx Corp's price. Additionally, you may evaluate how the addition of Scworx Corp to your portfolios can decrease your overall portfolio volatility.