Elray Resources Stock Probability of Future Pink Sheet Price Finishing Over 4.38E-4
Elray Resources' future price is the expected price of Elray Resources instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Elray Resources performance during a given time horizon utilizing its historical volatility. Check out Investing Opportunities 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 metropolitan statistical area.
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Elray Resources 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 Elray Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Elray Resources can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Elray Resources is not yet fully synchronised with the market data | |
| Elray Resources is way too risky over 90 days horizon | |
| Elray Resources has some characteristics of a very speculative penny stock | |
| Elray Resources appears to be risky and price may revert if volatility continues | |
| Elray Resources has a very high chance of going through financial distress in the upcoming years | |
| Elray Resources currently holds 4.95 M in liabilities. Elray Resources has a current ratio of 0.01, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Elray Resources until it has trouble settling it off, either with new capital or with free cash flow. So, Elray Resources' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Elray Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Elray to invest in growth at high rates of return. When we think about Elray Resources' use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 484.11 K. Net Loss for the year was (1.09 M) with profit before overhead, payroll, taxes, and interest of 632 K. |
Elray Resources Technical Analysis
Elray Resources' future price can be derived by breaking down and analyzing its technical indicators over time. Elray Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Elray Resources. In general, you should focus on analyzing Elray Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Elray Resources Predictive Forecast Models
Elray Resources' time-series forecasting models is one of many Elray Resources' pink sheet 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 Elray Resources' 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 pink sheet market movement and maximize returns from investment trading.
Things to note about Elray Resources
Checking the ongoing alerts about Elray Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Elray Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Elray Resources is not yet fully synchronised with the market data | |
| Elray Resources is way too risky over 90 days horizon | |
| Elray Resources has some characteristics of a very speculative penny stock | |
| Elray Resources appears to be risky and price may revert if volatility continues | |
| Elray Resources has a very high chance of going through financial distress in the upcoming years | |
| Elray Resources currently holds 4.95 M in liabilities. Elray Resources has a current ratio of 0.01, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Elray Resources until it has trouble settling it off, either with new capital or with free cash flow. So, Elray Resources' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Elray Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Elray to invest in growth at high rates of return. When we think about Elray Resources' use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 484.11 K. Net Loss for the year was (1.09 M) with profit before overhead, payroll, taxes, and interest of 632 K. |
Check out Investing Opportunities 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 metropolitan statistical area. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Other Tools for Elray Pink Sheet
When running Elray Resources' price analysis, check to measure Elray Resources' 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 Elray Resources is operating at the current time. Most of Elray Resources' value examination focuses on studying past and present price action to predict the probability of Elray Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elray Resources' price. Additionally, you may evaluate how the addition of Elray Resources to your portfolios can decrease your overall portfolio volatility.
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