Bynd Cannasoft Enterprises Stock Price Prediction
| BCAN Stock | USD 8.00 0.20 2.44% |
Oversold Vs Overbought
44
Oversold | Overbought |
Quarterly Revenue Growth 0.617 |
Using BYND Cannasoft hype-based prediction, you can estimate the value of BYND Cannasoft Enterprises from the perspective of BYND Cannasoft response to recently generated media hype and the effects of current headlines on its competitors.
The fear of missing out, i.e., FOMO, can cause potential investors in BYND Cannasoft to buy its stock at a price that has no basis in reality. In that case, they are not buying BYND because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
BYND Cannasoft after-hype prediction price | USD 8.0 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
BYND |
BYND Cannasoft After-Hype Price Prediction Density Analysis
As far as predicting the price of BYND Cannasoft at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in BYND Cannasoft or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of BYND Cannasoft, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
BYND Cannasoft Estimiated After-Hype Price Volatility
In the context of predicting BYND Cannasoft's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on BYND Cannasoft's historical news coverage. BYND Cannasoft's after-hype downside and upside margins for the prediction period are 6.69 and 9.31, respectively. We have considered BYND Cannasoft's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
BYND Cannasoft is not too volatile at this time. Analysis and calculation of next after-hype price of BYND Cannasoft Enter is based on 3 months time horizon.
BYND Cannasoft Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as BYND Cannasoft is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading BYND Cannasoft backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with BYND Cannasoft, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.03 | 1.31 | 0.00 | 0.00 | 5 Events / Month | 0 Events / Month | In about 5 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
8.00 | 8.00 | 0.00 |
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BYND Cannasoft Hype Timeline
BYND Cannasoft Enter is currently traded for 8.00. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. BYND is forecasted not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is over 100%. The immediate return on the next news is forecasted to be very small, whereas the daily expected return is currently at -0.03%. %. The volatility of related hype on BYND Cannasoft is about 9825.0%, with the expected price after the next announcement by competition of 8.00. About 30.0% of the company shares are held by company insiders. The book value of BYND Cannasoft was currently reported as 2643.56. The company has Price/Earnings (P/E) ratio of 146.5. BYND Cannasoft Enter recorded a loss per share of 971.9. The entity had not issued any dividends in recent years. The firm had 1:17 split on the 26th of August 2024. Given the investment horizon of 90 days the next forecasted press release will be in about 5 days. Check out BYND Cannasoft Basic Forecasting Models to cross-verify your projections.BYND Cannasoft Related Hype Analysis
Having access to credible news sources related to BYND Cannasoft's direct competition is more important than ever and may enhance your ability to predict BYND Cannasoft's future price movements. Getting to know how BYND Cannasoft's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how BYND Cannasoft may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| OLB | OLB Group | 0.04 | 4 per month | 0.00 | (0.03) | 14.45 | (12.03) | 43.35 | |
| FDBL | Friendable | 0.00 | 0 per month | 0.00 | 0.05 | 0.00 | 0.00 | 150.00 | |
| KWIK | KwikClick | 0.00 | 0 per month | 0.00 | (0.04) | 25.00 | (20.00) | 107.87 |
BYND Cannasoft Additional Predictive Modules
Most predictive techniques to examine BYND price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for BYND using various technical indicators. When you analyze BYND charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About BYND Cannasoft Predictive Indicators
The successful prediction of BYND Cannasoft stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as BYND Cannasoft Enterprises, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of BYND Cannasoft based on analysis of BYND Cannasoft hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to BYND Cannasoft's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to BYND Cannasoft's related companies. | 2023 | 2024 (projected) | Dividend Yield | 2.18E-4 | 2.29E-4 | Price To Sales Ratio | 16.21 | 15.4 |
Story Coverage note for BYND Cannasoft
The number of cover stories for BYND Cannasoft depends on current market conditions and BYND Cannasoft's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that BYND Cannasoft is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about BYND Cannasoft's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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BYND Cannasoft Short Properties
BYND Cannasoft's future price predictability will typically decrease when BYND Cannasoft's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of BYND Cannasoft Enterprises often depends not only on the future outlook of the potential BYND Cannasoft'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. BYND Cannasoft's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 12 K | |
| Cash And Short Term Investments | 3.1 M |
Check out BYND Cannasoft Basic Forecasting Models to cross-verify your projections. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Is Application Software 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 BYND Cannasoft. If investors know BYND 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 BYND Cannasoft listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (971.90) | Revenue Per Share 7.624 | Quarterly Revenue Growth 0.617 | Return On Assets (0.14) | Return On Equity (1.69) |
The market value of BYND Cannasoft Enter is measured differently than its book value, which is the value of BYND that is recorded on the company's balance sheet. Investors also form their own opinion of BYND Cannasoft's value that differs from its market value or its book value, called intrinsic value, which is BYND Cannasoft'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 BYND Cannasoft's market value can be influenced by many factors that don't directly affect BYND Cannasoft'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 BYND Cannasoft's value and its price as these two are different measures arrived at by different means. Investors typically determine if BYND Cannasoft is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BYND Cannasoft'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.