BIOLASE Odds of Future Stock Price Finishing Over 1.1
| BIOLDelisted Stock | USD 0.05 0.02 27.46% |
BIOLASE |
BIOLASE Target Price Odds to finish over 1.1
The tendency of BIOLASE Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 1.10 or more in 90 days |
| 0.05 | 90 days | 1.10 | close to zero percent |
Based on a normal probability distribution, the odds of BIOLASE to move over $ 1.10 or more in 90 days from now is close to zero percent (This BIOLASE probability density function shows the probability of BIOLASE Stock to fall within a particular range of prices over 90 days) . Probability of BIOLASE price to stay between its current price of $ 0.05 and $ 1.10 at the end of the 90-day period is close to 99 .
Given the investment horizon of 90 days BIOLASE has a beta of 0.49 suggesting as returns on the market go up, BIOLASE average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding BIOLASE will be expected to be much smaller as well. Additionally BIOLASE has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. BIOLASE Price Density |
| Price |
Predictive Modules for BIOLASE
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as BIOLASE. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.BIOLASE Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. BIOLASE is not an exception. The market had few large corrections towards the BIOLASE's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold BIOLASE, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of BIOLASE within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -1.07 | |
β | Beta against Dow Jones | 0.49 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | -0.1 |
BIOLASE Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of BIOLASE for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for BIOLASE can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| BIOLASE is not yet fully synchronised with the market data | |
| BIOLASE has some characteristics of a very speculative penny stock | |
| BIOLASE has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 49.16 M. Net Loss for the year was (20.63 M) with profit before overhead, payroll, taxes, and interest of 16.53 M. | |
| BIOLASE currently holds about 9.96 M in cash with (14.09 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.39, which can makes it an attractive takeover target, given it will continue generating positive cash flow. |
BIOLASE Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of BIOLASE Stock often depends not only on the future outlook of the current and potential BIOLASE'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. BIOLASE's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.3 M | |
| Cash And Short Term Investments | 6.6 M |
BIOLASE Technical Analysis
BIOLASE's future price can be derived by breaking down and analyzing its technical indicators over time. BIOLASE Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of BIOLASE. In general, you should focus on analyzing BIOLASE Stock price patterns and their correlations with different microeconomic environments and drivers.
BIOLASE Predictive Forecast Models
BIOLASE's time-series forecasting models is one of many BIOLASE's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary BIOLASE's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about BIOLASE
Checking the ongoing alerts about BIOLASE for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for BIOLASE help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| BIOLASE is not yet fully synchronised with the market data | |
| BIOLASE has some characteristics of a very speculative penny stock | |
| BIOLASE has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 49.16 M. Net Loss for the year was (20.63 M) with profit before overhead, payroll, taxes, and interest of 16.53 M. | |
| BIOLASE currently holds about 9.96 M in cash with (14.09 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.39, which can makes it an attractive takeover target, given it will continue generating positive cash flow. |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Other Consideration for investing in BIOLASE Stock
If you are still planning to invest in BIOLASE check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the BIOLASE's history and understand the potential risks before investing.
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