Paragon 28 Stock Price Prediction

FNA Stock  USD 9.86  0.18  1.79%   
The relative strength index (RSI) of Paragon 28's the stock price is about 68. This usually indicates that the stock is rather overbought by investors at this time. The main point of the Relative Strength Index (RSI) is to track how fast people are buying or selling Paragon, making its price go up or down.

Oversold Vs Overbought

68

 
Oversold
 
Overbought
The successful prediction of Paragon 28's future price could yield a significant profit. We analyze noise-free headlines and recent hype associated with Paragon 28, which may create opportunities for some arbitrage if properly timed. Below are the key fundamental drivers impacting Paragon 28's stock price prediction:
EPS Estimate Next Quarter
(0.12)
EPS Estimate Current Year
(0.65)
EPS Estimate Next Year
(0.48)
Wall Street Target Price
14.3333
EPS Estimate Current Quarter
(0.16)
Using Paragon 28 hype-based prediction, you can estimate the value of Paragon 28 from the perspective of Paragon 28 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 Paragon 28 to buy its stock at a price that has no basis in reality. In that case, they are not buying Paragon 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.

Paragon 28 after-hype prediction price

    
  USD 10.1  
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.
  
Check out Paragon 28 Basic Forecasting Models to cross-verify your projections.
For information on how to trade Paragon Stock refer to our How to Trade Paragon Stock guide.
Intrinsic
Valuation
LowRealHigh
6.7513.1419.53
Details
7 Analysts
Consensus
LowTargetHigh
23.1425.4328.23
Details
Earnings
Estimates (0)
LowProjected EPSHigh
-0.16-0.16-0.16
Details

Paragon 28 After-Hype Price Prediction Density Analysis

As far as predicting the price of Paragon 28 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 Paragon 28 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 Paragon 28, with the unreliable approximations that try to describe financial returns.
   Next price density   
       Expected price to next headline  

Paragon 28 Estimiated After-Hype Price Volatility

In the context of predicting Paragon 28's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Paragon 28's historical news coverage. Paragon 28's after-hype downside and upside margins for the prediction period are 3.71 and 16.49, respectively. We have considered Paragon 28'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
9.86
10.10
After-hype Price
16.49
Upside
Paragon 28 is slightly risky at this time. Analysis and calculation of next after-hype price of Paragon 28 is based on 3 months time horizon.

Paragon 28 Stock Price Prediction Analysis

Have you ever been surprised when a price of a Company such as Paragon 28 is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Paragon 28 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 Paragon 28, there might be something going there, and it might present an excellent short sale opportunity.
Expected ReturnPeriod VolatilityHype ElasticityRelated ElasticityNews DensityRelated DensityExpected Hype
  0.47 
6.39
  0.24 
  0.27 
6 Events / Month
13 Events / Month
In about 6 days
Latest traded priceExpected after-news pricePotential return on next major newsAverage after-hype volatility
9.86
10.10
2.43 
1,229  
Notes

Paragon 28 Hype Timeline

On the 26th of November Paragon 28 is traded for 9.86. The entity has historical hype elasticity of 0.24, and average elasticity to hype of competition of -0.27. Paragon is estimated to increase in value after the next headline, with the price projected to jump to 10.1 or above. The average volatility of media hype impact on the company the price is over 100%. The price jump on the next news is projected to be 2.43%, whereas the daily expected return is currently at 0.47%. The volatility of related hype on Paragon 28 is about 1092.31%, with the expected price after the next announcement by competition of 9.59. Paragon 28 has 112.03 M in debt with debt to equity (D/E) ratio of 0.24, which may show that the company is not taking advantage of profits from borrowing. Considering the 90-day investment horizon the next estimated press release will be in about 6 days.
Check out Paragon 28 Basic Forecasting Models to cross-verify your projections.
For information on how to trade Paragon Stock refer to our How to Trade Paragon Stock guide.

Paragon 28 Related Hype Analysis

Having access to credible news sources related to Paragon 28's direct competition is more important than ever and may enhance your ability to predict Paragon 28's future price movements. Getting to know how Paragon 28'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 Paragon 28 may potentially react to the hype associated with one of its peers.
Hype
Elasticity
News
Density
Semi
Deviation
Information
Ratio
Potential
Upside
Value
At Risk
Maximum
Drawdown
LUNGPulmonx Corp(0.05)7 per month 0.00 (0.05) 8.44 (6.89) 20.44 
IRMDIradimed Co(4.71)9 per month 1.70  0.06  3.26 (2.53) 11.03 
OFIXOrthofix Medical 0.15 8 per month 2.04  0.02  3.90 (3.85) 12.11 
NPCENeuropace 0.12 9 per month 3.01  0.09  9.73 (6.19) 35.38 
ITGRInteger Holdings Corp(2.86)9 per month 1.44  0.02  2.47 (2.16) 7.64 
GKOSGlaukos Corp 1.37 9 per month 1.68  0  3.30 (2.86) 13.23 
KIDSOrthopediatrics Corp(0.76)11 per month 0.00 (0.12) 4.85 (5.08) 16.62 
CNMDCONMED(1.05)10 per month 2.27  0.01  4.56 (3.83) 10.92 
LIVNLivaNova PLC 0.87 9 per month 1.42  0.03  3.73 (2.55) 8.68 
SGHTSight Sciences(0.22)9 per month 0.00 (0.21) 6.65 (7.84) 18.22 
SIBNSi Bone(0.13)10 per month 0.00 (0.12) 5.99 (4.54) 26.24 
VREXVarex Imaging Corp(0.1)9 per month 2.77  0.10  6.09 (3.64) 16.89 
NUVANuVasive 0.46 3 per month 0.00 (0.09) 3.31 (2.75) 7.19 
HSKAHeska 0.15 8 per month 0.00  0.17  3.63 (0.71) 21.36 
BRKRBruker(2.82)9 per month 0.00 (0.08) 4.74 (3.68) 10.80 
CVRXCVRx Inc 0.22 9 per month 3.55  0.15  12.31 (8.22) 41.08 

Paragon 28 Additional Predictive Modules

Most predictive techniques to examine Paragon price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Paragon using various technical indicators. When you analyze Paragon 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.

About Paragon 28 Predictive Indicators

The successful prediction of Paragon 28 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 Paragon 28, 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 Paragon 28 based on analysis of Paragon 28 hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Paragon 28's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Paragon 28's related companies.
 2021 2022 2023 2024 (projected)
Days Sales Outstanding66.4877.0864.2978.09
PTB Ratio7.0410.415.745.45

Story Coverage note for Paragon 28

The number of cover stories for Paragon 28 depends on current market conditions and Paragon 28's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Paragon 28 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 Paragon 28's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.

Paragon 28 Short Properties

Paragon 28's future price predictability will typically decrease when Paragon 28's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Paragon 28 often depends not only on the future outlook of the potential Paragon 28'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. Paragon 28's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding82.1 M
Cash And Short Term Investments75.6 M

Complementary Tools for Paragon Stock analysis

When running Paragon 28's price analysis, check to measure Paragon 28'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 Paragon 28 is operating at the current time. Most of Paragon 28's value examination focuses on studying past and present price action to predict the probability of Paragon 28's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Paragon 28's price. Additionally, you may evaluate how the addition of Paragon 28 to your portfolios can decrease your overall portfolio volatility.
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