Gold Resource Stock Probability of Future Stock Price Finishing Over 3.5

GORO Stock  USD 0.40  0.05  14.29%   
Gold Resource's implied volatility is one of the determining factors in the pricing options written on Gold Resource. Implied volatility approximates the future value of Gold Resource based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in Gold Resource over a specific time period. For example, 2024-04-19 PUT at $2.5 is a PUT option contract on Gold Resource's common stock with a strick price of 2.5 expiring on 2024-04-19. The contract was last traded on 2024-03-18 at 10:23:54 for $2.2 and, as of today, has 22 days remaining before the expiration. The option is currently trading at a bid price of $1.95, and an ask price of $2.3. The implied volatility as of the 28th of March is 905.0. View All Gold options

Closest to current price Gold long PUT Option Payoff at Expiration

Gold Resource's future price is the expected price of Gold Resource 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 Gold Resource performance during a given time horizon utilizing its historical volatility. Check out Gold Resource Backtesting, Gold Resource Valuation, Gold Resource Correlation, Gold Resource Hype Analysis, Gold Resource Volatility, Gold Resource History as well as Gold Resource Performance.
To learn how to invest in Gold Stock, please use our How to Invest in Gold Resource guide.
  
At this time, Gold Resource's Price To Operating Cash Flows Ratio is very stable compared to the past year. As of the 28th of March 2024, Price Cash Flow Ratio is likely to grow to 9.03, though Price Earnings Ratio is likely to grow to (1.98). Please specify Gold Resource's target price for which you would like Gold Resource odds to be computed.

Gold Resource Target Price Odds to finish over 3.5

The tendency of Gold 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 PriceHorizonTarget PriceOdds to move over $ 3.50  or more in 90 days
 0.40 90 days 3.50 
close to zero percent
Based on a normal probability distribution, the odds of Gold Resource to move over $ 3.50  or more in 90 days from now is close to zero percent (This Gold Resource probability density function shows the probability of Gold Stock to fall within a particular range of prices over 90 days) . Probability of Gold Resource price to stay between its current price of $ 0.40  and $ 3.50  at the end of the 90-day period is nearly 4.69 .
Given the investment horizon of 90 days the stock has the beta coefficient of 3.48 . This usually 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, Gold Resource will likely underperform. Additionally Gold Resource has an alpha of 0.0768, implying that it can generate a 0.0768 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
   Gold Resource Price Density   
       Price  

Predictive Modules for Gold Resource

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Gold Resource. 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.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gold Resource'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.
Hype
Prediction
LowEstimatedHigh
0.020.417.52
Details
Intrinsic
Valuation
LowRealHigh
0.050.938.04
Details
Naive
Forecast
LowNextHigh
0.010.367.47
Details
2 Analysts
Consensus
LowTargetHigh
2.392.632.92
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Gold Resource. Your research has to be compared to or analyzed against Gold Resource's peers to derive any actionable benefits. When done correctly, Gold Resource's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Gold Resource.

Gold Resource Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Gold Resource is not an exception. The market had few large corrections towards the Gold Resource'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 Gold Resource, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Gold Resource within the framework of very fundamental risk indicators.
α
Alpha over NYSE Composite
0.08
β
Beta against NYSE Composite3.48
σ
Overall volatility
0.05
Ir
Information ratio 0.06

Gold Resource 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 Gold Resource for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Gold Resource can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Gold Resource had very high historical volatility over the last 90 days
Gold Resource has some characteristics of a very speculative penny stock
The company reported the previous year's revenue of 97.7 M. Net Loss for the year was (16.24 M) with profit before overhead, payroll, taxes, and interest of 56.97 M.
Gold Resource currently holds about 33.34 M in cash with (759 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.38.
Gold Resource has a poor financial position based on the latest SEC disclosures
Latest headline from news.google.com: Torex Gold Resources Stock Price Crosses Above 200 Day Moving Average of 14.47 - MarketBeat

Gold Resource 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 Gold Stock often depends not only on the future outlook of the current and potential Gold Resource'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. Gold Resource's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding88.9 M

Gold Resource Technical Analysis

Gold Resource's future price can be derived by breaking down and analyzing its technical indicators over time. Gold Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Gold Resource. In general, you should focus on analyzing Gold Stock price patterns and their correlations with different microeconomic environments and drivers.

Gold Resource Predictive Forecast Models

Gold Resource's time-series forecasting models is one of many Gold Resource'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 Gold Resource'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 Gold Resource

Checking the ongoing alerts about Gold Resource for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Gold Resource help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Gold Resource had very high historical volatility over the last 90 days
Gold Resource has some characteristics of a very speculative penny stock
The company reported the previous year's revenue of 97.7 M. Net Loss for the year was (16.24 M) with profit before overhead, payroll, taxes, and interest of 56.97 M.
Gold Resource currently holds about 33.34 M in cash with (759 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.38.
Gold Resource has a poor financial position based on the latest SEC disclosures
Latest headline from news.google.com: Torex Gold Resources Stock Price Crosses Above 200 Day Moving Average of 14.47 - MarketBeat
When determining whether Gold Resource offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Gold Resource's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Gold Resource Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Gold Resource Stock:
Check out Gold Resource Backtesting, Gold Resource Valuation, Gold Resource Correlation, Gold Resource Hype Analysis, Gold Resource Volatility, Gold Resource History as well as Gold Resource Performance.
To learn how to invest in Gold Stock, please use our How to Invest in Gold Resource guide.
You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

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When running Gold Resource's price analysis, check to measure Gold Resource'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 Gold Resource is operating at the current time. Most of Gold Resource's value examination focuses on studying past and present price action to predict the probability of Gold Resource's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gold Resource's price. Additionally, you may evaluate how the addition of Gold Resource to your portfolios can decrease your overall portfolio volatility.
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Is Gold Resource'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 Gold Resource. If investors know Gold 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 Gold Resource listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.742
Earnings Share
(0.19)
Revenue Per Share
1.232
Quarterly Revenue Growth
(0.14)
Return On Assets
(0.05)
The market value of Gold Resource is measured differently than its book value, which is the value of Gold that is recorded on the company's balance sheet. Investors also form their own opinion of Gold Resource's value that differs from its market value or its book value, called intrinsic value, which is Gold Resource'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 Gold Resource's market value can be influenced by many factors that don't directly affect Gold Resource'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 Gold Resource's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gold Resource is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gold Resource'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.