SoundThinking Responds to New York City Comptroller Audit Report Refutes Misleading Conclusions
SSTI Stock | USD 12.98 0.46 3.42% |
Under 67% of Shotspotter's investor base is looking to short. The analysis of the overall prospects from investing in Shotspotter suggests that many traders are, at the present time, alarmed. Shotspotter's investing sentiment shows overall attitude of investors towards Shotspotter.
Shotspotter |
Relating to ShotSpotter Gunshot Detection EfficacyFREMONT, Calif., July 17, 2024 -- SoundThinking, Inc. , a leading public safety technology company, today announced that it issued a formal reply to the New York City Comptrollers June 20, 2024 audit report on ShotSpotters accuracy and effectiveness. The 47-page response letterwhich incorporates findings, independent studies, and success stories and testimonials from a broad array of law enforcemen
Read at finance.yahoo.com
Shotspotter Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards Shotspotter 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.
Shotspotter Fundamental Analysis
We analyze Shotspotter's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Shotspotter using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Shotspotter 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.
Current Valuation
Current Valuation Comparative Analysis
Shotspotter is currently under evaluation in current valuation category among its peers. Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Shotspotter 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 Shotspotter stock to make a market-neutral strategy. Peer analysis of Shotspotter could also be used in its relative valuation, which is a method of valuing Shotspotter by comparing valuation metrics with similar companies.
Peers
Shotspotter Related Equities
EGAN | EGain | 3.90 | ||||
MLNK | Meridianlink | 1.88 | ||||
RSSS | Research Solutions | 1.46 | ||||
ONTF | ON24 | 0.46 | ||||
ISDR | Issuer Direct | 0.20 | ||||
BLKB | Blackbaud | 0.34 | ||||
PYCR | Paycor HCM | 0.39 | ||||
PRO | PROS Holdings | 0.43 | ||||
ENFN | Enfusion | 0.80 | ||||
ETWO | E2open Parent | 0.98 |
Complementary Tools for Shotspotter Stock analysis
When running Shotspotter's price analysis, check to measure Shotspotter'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 Shotspotter is operating at the current time. Most of Shotspotter's value examination focuses on studying past and present price action to predict the probability of Shotspotter's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shotspotter's price. Additionally, you may evaluate how the addition of Shotspotter to your portfolios can decrease your overall portfolio volatility.
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