Sprint probability of target price tool provides mechanism to make assumptions about upside and downside potential of Sprint Corporation performance during a given time horizon utilizing its historical volatility. Please specify Sprint time horizon, a valid symbol (red box) and a target price (blue box) you would like Sprint odds to be computed. Also please take a look at Sprint Backtesting, Sprint Valuation, Sprint Correlation, Sprint Hype Analysis, Sprint Volatility, Sprint History as well as Sprint Performance.
|Horizon||30 Days Login to change|
Sprint Target Price Odds to finish below 6.19
|Current Price||Horizon||Target Price||Odds to stay under $ 6.19 after 30 days|
|5.99||30 days||6.19||ABOUT 55.85%|
Based on normal probability distribution, the odds of Sprint to stay under $ 6.19 after 30 days from now is about 55.85% (This Sprint Corporation probability density function shows the probability of Sprint Stock to fall within a particular range of prices over 30 days) . Probability of Sprint price to stay between its current price of $ 5.99 and $ 6.19 at the end of the 30-day period is about 38.32%.Taking into account the 30 trading days horizon, the stock has beta coefficient of 1.1253 . This entails Sprint Corporation market returns are very sensitive to returns on the market. As the market benchmark goes up or down, Sprint is expected to follow. Additionally Sprint Corporation has an alpha of 0.0261 implying that it can potentially generate 0.0261% excess return over DOW after adjusting for the inherited market risk (beta).
Sprint Price Density
|Alpha over DOW||=||0.026055|
|Beta against DOW||=||1.13|
Sprint Technical Analysis
Sprint Predictive Forecast Models
|Sprint generates negative expected return over the last 30 days|
|Sprint has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its interest payments|
|SPRINT NXTEL CP has accumulated about 8.91B in cash with (1.16B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.19.|
|Shares Percent Shares Out||2.53%|
|Short Percent Of Float||18.54%|
|Shares Short Prior Month||96.11M|
|Average Daily Volume Last 10 Day||13.12M|
|Average Daily Volume In Three Month||12.78M|
|Date Short Interest||November 15, 2018|
Also please take a look at Sprint Backtesting, Sprint Valuation, Sprint Correlation, Sprint Hype Analysis, Sprint Volatility, Sprint History as well as Sprint Performance. Please also try Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.