Cantor Fitzgerald Cuts Prenetics Global Price Target to 4.00
PRE Stock | USD 4.48 0.05 1.13% |
About 50% of Prenetics Global's shareholders are presently thinking to get in. The analysis of the overall prospects from investing in Prenetics Global suggests that some traders are, at the present time, interested. The current market sentiment, together with Prenetics Global's historical and current headlines, can help investors time the market. In addition, many technical investors use Prenetics Global stock news signals to limit their universe of possible portfolio assets.
Prenetics |
Prenetics Global had its price target reduced by Cantor Fitzgerald from 6.00 to 4.00 in a research report report published on Tuesday morning, MarketBeat reports. They currently have an overweight rating on the stock. Prenetics Global Price Performance NASDAQ PRE opened at 0.47 on Tuesday. The stock has a market capitalization
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Prenetics Global Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards Prenetics Global can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Prenetics Global Fundamental Analysis
We analyze Prenetics Global's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Prenetics Global using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Prenetics Global based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Probability Of Bankruptcy
Probability Of Bankruptcy Comparative Analysis
Prenetics Global is currently under evaluation in probability of bankruptcy category among its peers. Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
Prenetics Global Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Prenetics Global stock to make a market-neutral strategy. Peer analysis of Prenetics Global could also be used in its relative valuation, which is a method of valuing Prenetics Global by comparing valuation metrics with similar companies.
Peers
Prenetics Global Related Equities
BNR | Burning Rock | 16.01 | ||||
DRIO | DarioHealth Corp | 9.72 | ||||
ACRS | Aclaris Therapeutics | 6.54 | ||||
XGN | Exagen | 3.39 | ||||
NOTV | Inotiv | 3.39 | ||||
MDXH | MDxHealth | 2.04 | ||||
SERA | Sera Prognostics | 1.81 | ||||
BDSX | Biodesix | 0.70 | ||||
FONR | Fonar | 0.49 | ||||
NEOG | Neogen | 0.28 | ||||
CSTL | Castle Biosciences | 0.53 | ||||
QGEN | Qiagen NV | 0.73 |
Complementary Tools for Prenetics Stock analysis
When running Prenetics Global's price analysis, check to measure Prenetics Global'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 Prenetics Global is operating at the current time. Most of Prenetics Global's value examination focuses on studying past and present price action to predict the probability of Prenetics Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Prenetics Global's price. Additionally, you may evaluate how the addition of Prenetics Global to your portfolios can decrease your overall portfolio volatility.
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