Neurometrix Stock Probability of Future Stock Price Finishing Over 3.89
| NURO Stock | USD 3.90 0.06 1.56% |
NeuroMetrix |
NeuroMetrix Target Price Odds to finish over 3.89
The tendency of NeuroMetrix 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 stay above $ 3.89 in 90 days |
| 3.90 | 90 days | 3.89 | about 75.67 |
Based on a normal probability distribution, the odds of NeuroMetrix to stay above $ 3.89 in 90 days from now is about 75.67 (This NeuroMetrix probability density function shows the probability of NeuroMetrix Stock to fall within a particular range of prices over 90 days) . Probability of NeuroMetrix price to stay between $ 3.89 and its current price of $3.9 at the end of the 90-day period is about 1.38 .
Given the investment horizon of 90 days NeuroMetrix has a beta of -0.25. This indicates as returns on the benchmark increase, returns on holding NeuroMetrix are expected to decrease at a much lower rate. During a bear market, however, NeuroMetrix is likely to outperform the market. Additionally NeuroMetrix has an alpha of 0.0823, implying that it can generate a 0.0823 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). NeuroMetrix Price Density |
| Price |
Predictive Modules for NeuroMetrix
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NeuroMetrix. 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.NeuroMetrix Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. NeuroMetrix is not an exception. The market had few large corrections towards the NeuroMetrix'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 NeuroMetrix, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NeuroMetrix within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.08 | |
β | Beta against Dow Jones | -0.25 | |
σ | Overall volatility | 0.23 | |
Ir | Information ratio | 0.02 |
NeuroMetrix 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 NeuroMetrix for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for NeuroMetrix can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| NeuroMetrix had very high historical volatility over the last 90 days | |
| The company reported the previous year's revenue of 5.9 M. Net Loss for the year was (6.53 M) with profit before overhead, payroll, taxes, and interest of 5.75 M. | |
| NeuroMetrix currently holds about 20.83 M in cash with (6.08 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.68. | |
| NeuroMetrix has a frail financial position based on the latest SEC disclosures | |
| Roughly 22.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from gurufocus.com: SHAREHOLDER INVESTIGATION Halper Sadeh LLC Investigates NURO, CARA, ARCH on Behalf of Shareholders |
NeuroMetrix 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 NeuroMetrix Stock often depends not only on the future outlook of the current and potential NeuroMetrix'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. NeuroMetrix's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1 M | |
| Cash And Short Term Investments | 18 M |
NeuroMetrix Technical Analysis
NeuroMetrix's future price can be derived by breaking down and analyzing its technical indicators over time. NeuroMetrix Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NeuroMetrix. In general, you should focus on analyzing NeuroMetrix Stock price patterns and their correlations with different microeconomic environments and drivers.
NeuroMetrix Predictive Forecast Models
NeuroMetrix's time-series forecasting models is one of many NeuroMetrix'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 NeuroMetrix'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 NeuroMetrix
Checking the ongoing alerts about NeuroMetrix for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for NeuroMetrix help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| NeuroMetrix had very high historical volatility over the last 90 days | |
| The company reported the previous year's revenue of 5.9 M. Net Loss for the year was (6.53 M) with profit before overhead, payroll, taxes, and interest of 5.75 M. | |
| NeuroMetrix currently holds about 20.83 M in cash with (6.08 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.68. | |
| NeuroMetrix has a frail financial position based on the latest SEC disclosures | |
| Roughly 22.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from gurufocus.com: SHAREHOLDER INVESTIGATION Halper Sadeh LLC Investigates NURO, CARA, ARCH on Behalf of Shareholders |
Check out NeuroMetrix Backtesting, NeuroMetrix Valuation, NeuroMetrix Correlation, NeuroMetrix Hype Analysis, NeuroMetrix Volatility, NeuroMetrix History as well as NeuroMetrix Performance. To learn how to invest in NeuroMetrix Stock, please use our How to Invest in NeuroMetrix guide.You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Is Health Care Equipment & Supplies 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 NeuroMetrix. If investors know NeuroMetrix 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 NeuroMetrix listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (4.51) | Revenue Per Share 2.157 | Quarterly Revenue Growth (0.51) | Return On Assets (0.28) | Return On Equity (0.43) |
The market value of NeuroMetrix is measured differently than its book value, which is the value of NeuroMetrix that is recorded on the company's balance sheet. Investors also form their own opinion of NeuroMetrix's value that differs from its market value or its book value, called intrinsic value, which is NeuroMetrix'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 NeuroMetrix's market value can be influenced by many factors that don't directly affect NeuroMetrix'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 NeuroMetrix's value and its price as these two are different measures arrived at by different means. Investors typically determine if NeuroMetrix is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NeuroMetrix'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.