Sp Plus Corp Stock Odds of Future Stock Price Finishing Over 36.7
| SP Stock | USD 51.21 0.31 0.60% |
Closest to current price SP Plus long CALL Option Payoff at Expiration
SP Plus |
SP Plus Target Price Odds to finish over 36.7
The tendency of SP Plus 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 $ 36.70 in 90 days |
| 51.21 | 90 days | 36.70 | close to 99 |
Based on a normal probability distribution, the odds of SP Plus to stay above $ 36.70 in 90 days from now is close to 99 (This SP Plus Corp probability density function shows the probability of SP Plus Stock to fall within a particular range of prices over 90 days) . Probability of SP Plus Corp price to stay between $ 36.70 and its current price of $51.21 at the end of the 90-day period is about 5.57 .
Allowing for the 90-day total investment horizon SP Plus has a beta of 0.13. This usually implies as returns on the market go up, SP Plus average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding SP Plus Corp will be expected to be much smaller as well. Additionally SP Plus Corp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. SP Plus Price Density |
| Price |
Predictive Modules for SP Plus
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as SP Plus Corp. 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 SP Plus' 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.
SP Plus Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. SP Plus is not an exception. The market had few large corrections towards the SP Plus' 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 SP Plus Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of SP Plus within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.02 | |
β | Beta against NYSE Composite | 0.13 | |
σ | Overall volatility | 0.29 | |
Ir | Information ratio | -0.22 |
SP Plus 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 SP Plus for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for SP Plus Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| SP Plus Corp generated a negative expected return over the last 90 days | |
| The company reports 566.3 M of total liabilities with total debt to equity ratio (D/E) of 2.21, which may imply that the company relies heavily on debt financing. SP Plus Corp has a current ratio of 0.6, implying that it has not enough working capital to pay out debt commitments in time. Debt can assist SP Plus until it has trouble settling it off, either with new capital or with free cash flow. So, SP Plus' 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 SP Plus Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for SP Plus to invest in growth at high rates of return. When we think about SP Plus' use of debt, we should always consider it together with cash and equity. | |
| SP Plus Corp has a strong financial position based on the latest SEC filings | |
| Over 95.0% of SP Plus shares are owned by institutional investors | |
| Latest headline from prnewswire.com: Redaptive Secures 225M Warehouse Financing from ATLAS SP Partners, Launching Equipment Financing Solution |
SP Plus 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 SP Plus Stock often depends not only on the future outlook of the current and potential SP Plus' 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. SP Plus' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 19.8 M | |
| Cash And Short Term Investments | 19.1 M |
SP Plus Technical Analysis
SP Plus' future price can be derived by breaking down and analyzing its technical indicators over time. SP Plus Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of SP Plus Corp. In general, you should focus on analyzing SP Plus Stock price patterns and their correlations with different microeconomic environments and drivers.
SP Plus Predictive Forecast Models
SP Plus' time-series forecasting models is one of many SP Plus' 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 SP Plus' 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 SP Plus Corp
Checking the ongoing alerts about SP Plus for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for SP Plus Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| SP Plus Corp generated a negative expected return over the last 90 days | |
| The company reports 566.3 M of total liabilities with total debt to equity ratio (D/E) of 2.21, which may imply that the company relies heavily on debt financing. SP Plus Corp has a current ratio of 0.6, implying that it has not enough working capital to pay out debt commitments in time. Debt can assist SP Plus until it has trouble settling it off, either with new capital or with free cash flow. So, SP Plus' 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 SP Plus Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for SP Plus to invest in growth at high rates of return. When we think about SP Plus' use of debt, we should always consider it together with cash and equity. | |
| SP Plus Corp has a strong financial position based on the latest SEC filings | |
| Over 95.0% of SP Plus shares are owned by institutional investors | |
| Latest headline from prnewswire.com: Redaptive Secures 225M Warehouse Financing from ATLAS SP Partners, Launching Equipment Financing Solution |
Check out SP Plus Backtesting, SP Plus Valuation, SP Plus Correlation, SP Plus Hype Analysis, SP Plus Volatility, SP Plus History as well as SP Plus Performance. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for SP Plus Stock analysis
When running SP Plus' price analysis, check to measure SP Plus' 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 SP Plus is operating at the current time. Most of SP Plus' value examination focuses on studying past and present price action to predict the probability of SP Plus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SP Plus' price. Additionally, you may evaluate how the addition of SP Plus to your portfolios can decrease your overall portfolio volatility.
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Is SP Plus' 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 SP Plus. If investors know SP Plus 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 SP Plus 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 (0.74) | Earnings Share 1.57 | Revenue Per Share 44.899 | Quarterly Revenue Growth 0.052 | Return On Assets 0.0505 |
The market value of SP Plus Corp is measured differently than its book value, which is the value of SP Plus that is recorded on the company's balance sheet. Investors also form their own opinion of SP Plus' value that differs from its market value or its book value, called intrinsic value, which is SP Plus' 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 SP Plus' market value can be influenced by many factors that don't directly affect SP Plus' 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 SP Plus' value and its price as these two are different measures arrived at by different means. Investors typically determine if SP Plus is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SP Plus' 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.