PEDEVCO Corp Stock Forecast - Daily Balance Of Power

PED Stock  USD 0.87  0.02  2.25%   
PEDEVCO Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast PEDEVCO Corp stock prices and determine the direction of PEDEVCO Corp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of PEDEVCO Corp's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
At present, PEDEVCO Corp's Receivables Turnover is projected to slightly decrease based on the last few years of reporting. The current year's Asset Turnover is expected to grow to 0.30, whereas Payables Turnover is forecasted to decline to 2.99. . The current year's Common Stock Shares Outstanding is expected to grow to about 91.4 M. The current year's Net Income Applicable To Common Shares is expected to grow to about 3.4 M.
On December 29, 2022 PEDEVCO Corp had Daily Balance Of Power of 1.0. Balance of Power indicator (or BOP) measures the strength of PEDEVCO Corp market sensitivity to bulls and bears. It estimates the ability of PEDEVCO Corp buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring PEDEVCO Corp Balance of Power indicator one can determine a trend of the price direction.
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PEDEVCO Corp Trading Date Momentum

On December 30 2022 PEDEVCO Corp was traded for  1.10  at the closing time. Highest PEDEVCO Corp's price during the trading hours was 1.13  and the lowest price during the day was  1.09 . The net volume was 205.4 K. The overall trading history on the 30th of December contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 2.65% . The trading delta at closing time to current price is 0.88% .
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
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Other Forecasting Options for PEDEVCO Corp

For every potential investor in PEDEVCO, whether a beginner or expert, PEDEVCO Corp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. PEDEVCO Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in PEDEVCO. Basic forecasting techniques help filter out the noise by identifying PEDEVCO Corp's price trends.

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PEDEVCO Corp Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of PEDEVCO Corp's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of PEDEVCO Corp's current price.

PEDEVCO Corp Market Strength Events

Market strength indicators help investors to evaluate how PEDEVCO Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading PEDEVCO Corp shares will generate the highest return on investment. By undertsting and applying PEDEVCO Corp stock market strength indicators, traders can identify PEDEVCO Corp entry and exit signals to maximize returns.

PEDEVCO Corp Risk Indicators

The analysis of PEDEVCO Corp's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in PEDEVCO Corp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting pedevco stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether PEDEVCO Corp is a strong investment it is important to analyze PEDEVCO Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact PEDEVCO Corp's future performance. For an informed investment choice regarding PEDEVCO Stock, refer to the following important reports:
Check out Historical Fundamental Analysis of PEDEVCO Corp to cross-verify your projections.
For information on how to trade PEDEVCO Stock refer to our How to Trade PEDEVCO Stock guide.
You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Is Oil & Gas Exploration & Production 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 PEDEVCO Corp. If investors know PEDEVCO 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 PEDEVCO Corp 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
0.659
Earnings Share
0.02
Revenue Per Share
0.386
Quarterly Revenue Growth
0.382
Return On Assets
0.024
The market value of PEDEVCO Corp is measured differently than its book value, which is the value of PEDEVCO that is recorded on the company's balance sheet. Investors also form their own opinion of PEDEVCO Corp's value that differs from its market value or its book value, called intrinsic value, which is PEDEVCO Corp'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 PEDEVCO Corp's market value can be influenced by many factors that don't directly affect PEDEVCO Corp'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 PEDEVCO Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if PEDEVCO Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PEDEVCO Corp'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.