Short Interest in Precipio, Inc. Increases By 91.1
PRPO Stock | USD 5.94 0.22 3.85% |
About 55% of Precipio's investors are presently thinking to get in. The analysis of overall sentiment of trading Precipio stock suggests that some investors are interested at this time. Precipio's investing sentiment overview a quick insight into current market opportunities from investing in Precipio. Many technical investors use Precipio stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Precipio |
Precipio, Inc. saw a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 8,600 shares, a growth of 91.1 percent from the September 15th total of 4,500 shares. Based on an average trading volume of 10,800 shares, the short-interest ratio is
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Precipio Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards Precipio 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.
Precipio Fundamental Analysis
We analyze Precipio's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Precipio using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Precipio 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.
Book Value Per Share
Book Value Per Share Comparative Analysis
Precipio is currently under evaluation in book value per share category among its peers. Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
Precipio 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 Precipio stock to make a market-neutral strategy. Peer analysis of Precipio could also be used in its relative valuation, which is a method of valuing Precipio by comparing valuation metrics with similar companies.
Peers
Precipio Related Equities
BNR | Burning Rock | 16.01 | ||||
BIAF | BioAffinity Technologies, | 4.27 | ||||
XGN | Exagen | 3.39 | ||||
MDXH | MDxHealth | 2.04 | ||||
SERA | Sera Prognostics | 1.81 | ||||
TWST | Twist Bioscience | 1.78 | ||||
BDSX | Biodesix | 0.70 | ||||
GENE | Genetic Technologies | 0.00 | ||||
NTRA | Natera | 0.40 | ||||
PMD | Psychemedics | 0.43 | ||||
CSTL | Castle Biosciences | 0.53 | ||||
CDNA | Caredx | 1.49 | ||||
STRR | Star Equity | 3.29 | ||||
APDN | Applied DNA | 6.25 |
Check out Precipio Hype Analysis, Precipio Correlation and Precipio Performance. To learn how to invest in Precipio Stock, please use our How to Invest in Precipio guide.You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Is Health Care Providers & Services 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 Precipio. If investors know Precipio 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 Precipio listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.81) | Revenue Per Share 11.73 | Quarterly Revenue Growth 0.257 | Return On Assets (0.19) | Return On Equity (0.29) |
The market value of Precipio is measured differently than its book value, which is the value of Precipio that is recorded on the company's balance sheet. Investors also form their own opinion of Precipio's value that differs from its market value or its book value, called intrinsic value, which is Precipio'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 Precipio's market value can be influenced by many factors that don't directly affect Precipio'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 Precipio's value and its price as these two are different measures arrived at by different means. Investors typically determine if Precipio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Precipio'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.