Journey Medical Corp Stock Price on September 30, 2023
| DERM Stock | USD 3.69 0.36 10.81% |
If you're considering investing in Journey Stock, it is important to understand the factors that can impact its price. As of today, the current price of Journey Medical stands at 3.69, as last reported on the 1st of May, with the highest price reaching 3.72 and the lowest price hitting 3.34 during the day. Journey Medical Corp holds Efficiency (Sharpe) Ratio of -0.0053, which attests that the entity had a -0.0053% return per unit of risk over the last 3 months. Journey Medical Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Journey Medical's Standard Deviation of 7.57, risk adjusted performance of (0.01), and Market Risk Adjusted Performance of 0.2842 to validate the risk estimate we provide.
As of the 1st of May 2024, Common Stock Shares Outstanding is likely to grow to about 18.8 M, while Total Stockholder Equity is likely to drop about 19.3 M. . At this time, Journey Medical's Price Earnings To Growth Ratio is very stable compared to the past year. As of the 1st of May 2024, Price To Operating Cash Flows Ratio is likely to grow to 21.04, though Price Earnings Ratio is likely to grow to (25.89). Journey Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Journey |
Sharpe Ratio = -0.0053
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| Negative Returns | DERM |
Estimated Market Risk
| 7.74 actual daily | 68 68% of assets are less volatile |
Expected Return
| -0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Journey Medical is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Journey Medical by adding Journey Medical to a well-diversified portfolio.
Price Book 4.3293 | Enterprise Value Ebitda 39.2461 | Price Sales 1.1127 | Shares Float 8.2 M | Wall Street Target Price 7.83 |
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Journey Medical Valuation on September 30, 2023
It is possible to determine the worth of Journey Medical on a given historical date. On September 30, 2023 Journey was worth 2.76 at the beginning of the trading date compared to the closed value of 2.74. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Journey Medical stock. Still, in general, we apply an absolute valuation method to find Journey Medical's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Journey Medical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Journey Medical's related companies.
| Open | High | Low | Close | Volume | |
| 2.70 | 2.90 | 2.61 | 2.70 | 54,000 | |
09/29/2023 | 2.76 | 2.84 | 2.69 | 2.74 | 22,104 |
| 2.82 | 2.91 | 2.66 | 2.75 | 19,055 |
| Backtest Journey Medical | | | Journey Medical History | | | Journey Medical Valuation | Previous | Next |
Journey Medical Trading Date Momentum on September 30, 2023
| On October 02 2023 Journey Medical Corp was traded for 2.75 at the closing time. The top price for the day was 2.91 and the lowest listed price was 2.66 . The trading volume for the day was 19.1 K. The trading history from October 2, 2023 was a factor to the next trading day price boost. The overall trading delta against the next closing price was 0.36% . The trading delta at closing time against the current closing price is 8.03% . |
Journey Medical Corp Fundamentals Correlations and Trends
By evaluating Journey Medical's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Journey Medical's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Journey financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Journey Medical Stock history
Journey Medical investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Journey is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Journey Medical Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Journey Medical stock prices may prove useful in developing a viable investing in Journey Medical
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 18.2 M | 18.8 M | |
| Net Loss | -26.7 M | -25.3 M |
Journey Medical Stock Technical Analysis
Journey Medical technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Journey Medical Period Price Range
Low | September 29, 2023
| High |
2.76 | 2.74 |
Journey Medical May 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Journey Medical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Journey Medical shares will generate the highest return on investment. By undertsting and applying Journey Medical stock market strength indicators, traders can identify Journey Medical Corp entry and exit signals to maximize returns
Journey Medical Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Journey Medical's price direction in advance. Along with the technical and fundamental analysis of Journey Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Journey to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.79) | |||
| Treynor Ratio | 0.2742 |
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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Journey Medical Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for Journey Stock analysis
When running Journey Medical's price analysis, check to measure Journey Medical'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 Journey Medical is operating at the current time. Most of Journey Medical's value examination focuses on studying past and present price action to predict the probability of Journey Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Journey Medical's price. Additionally, you may evaluate how the addition of Journey Medical to your portfolios can decrease your overall portfolio volatility.
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Is Journey Medical's industry 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 Journey Medical. If investors know Journey 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 Journey Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.21) | Revenue Per Share 4.343 | Quarterly Revenue Growth (0.04) | Return On Assets 0.0074 | Return On Equity (0.21) |
The market value of Journey Medical Corp is measured differently than its book value, which is the value of Journey that is recorded on the company's balance sheet. Investors also form their own opinion of Journey Medical's value that differs from its market value or its book value, called intrinsic value, which is Journey Medical'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 Journey Medical's market value can be influenced by many factors that don't directly affect Journey Medical'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 Journey Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Journey Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Journey Medical'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.