Mitesco Stock Odds of Future Pink Sheet Price Finishing Over 106.90
| MITI Stock | USD 0.27 0.07 20.59% |
Mitesco |
Mitesco Target Price Odds to finish over 106.90
The tendency of Mitesco Pink Sheet 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 $ 106.90 or more in 90 days |
| 0.27 | 90 days | 106.90 | close to zero percent |
Based on a normal probability distribution, the odds of Mitesco to move over $ 106.90 or more in 90 days from now is close to zero percent (This Mitesco probability density function shows the probability of Mitesco Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Mitesco price to stay between its current price of $ 0.27 and $ 106.90 at the end of the 90-day period is about 87.35 .
Given the investment horizon of 90 days the pink sheet has the beta coefficient of 13.43 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Mitesco will likely underperform. In addition to that Mitesco has an alpha of 3.7858, implying that it can generate a 3.79 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Mitesco Price Density |
| Price |
Predictive Modules for Mitesco
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Mitesco. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mitesco's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Mitesco Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Mitesco is not an exception. The market had few large corrections towards the Mitesco'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 Mitesco, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Mitesco within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 3.79 | |
β | Beta against Dow Jones | 13.43 | |
σ | Overall volatility | 0.14 | |
Ir | Information ratio | 0.14 |
Mitesco 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 Mitesco for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Mitesco can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Mitesco is way too risky over 90 days horizon | |
| Mitesco has some characteristics of a very speculative penny stock | |
| Mitesco appears to be risky and price may revert if volatility continues | |
| Mitesco has high likelihood to experience some financial distress in the next 2 years | |
| Mitesco currently holds 8.17 M in liabilities with Debt to Equity (D/E) ratio of 4.62, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Mitesco has a current ratio of 0.03, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Mitesco until it has trouble settling it off, either with new capital or with free cash flow. So, Mitesco's 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 Mitesco sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Mitesco to invest in growth at high rates of return. When we think about Mitesco's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 115.99 K. Net Loss for the year was (7.92 M) with loss before overhead, payroll, taxes, and interest of (339.59 K). | |
| Mitesco currently holds about 35.82 K in cash with (5 M) of positive cash flow from operations. |
Mitesco 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 Mitesco Pink Sheet often depends not only on the future outlook of the current and potential Mitesco'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. Mitesco's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 105.2 M | |
| Cash And Short Term Investments | 1.2 M |
Mitesco Technical Analysis
Mitesco's future price can be derived by breaking down and analyzing its technical indicators over time. Mitesco Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Mitesco. In general, you should focus on analyzing Mitesco Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Mitesco Predictive Forecast Models
Mitesco's time-series forecasting models is one of many Mitesco's 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 Mitesco'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 pink sheet market movement and maximize returns from investment trading.
Things to note about Mitesco
Checking the ongoing alerts about Mitesco for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Mitesco help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Mitesco is way too risky over 90 days horizon | |
| Mitesco has some characteristics of a very speculative penny stock | |
| Mitesco appears to be risky and price may revert if volatility continues | |
| Mitesco has high likelihood to experience some financial distress in the next 2 years | |
| Mitesco currently holds 8.17 M in liabilities with Debt to Equity (D/E) ratio of 4.62, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Mitesco has a current ratio of 0.03, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Mitesco until it has trouble settling it off, either with new capital or with free cash flow. So, Mitesco's 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 Mitesco sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Mitesco to invest in growth at high rates of return. When we think about Mitesco's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 115.99 K. Net Loss for the year was (7.92 M) with loss before overhead, payroll, taxes, and interest of (339.59 K). | |
| Mitesco currently holds about 35.82 K in cash with (5 M) of positive cash flow from operations. |
Other Information on Investing in Mitesco Pink Sheet
Mitesco financial ratios help investors to determine whether Mitesco Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Mitesco with respect to the benefits of owning Mitesco security.