Granite Ridge Resources Stock Price Prediction
| GRNT Stock | USD 6.45 0.07 1.10% |
Oversold Vs Overbought
59
Oversold | Overbought |
Granite Ridge Resources stock price prediction is an act of determining the future value of Granite Ridge shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation. The successful prediction of Granite Ridge's future price could yield a significant profit. Please, note that this module is not intended to be used solely to calculate an intrinsic value of Granite Ridge and does not consider all of the tangible or intangible factors available from Granite Ridge's fundamental data. We analyze noise-free headlines and recent hype associated with Granite Ridge Resources, which may create opportunities for some arbitrage if properly timed.
Below are the key fundamental drivers impacting Granite Ridge's stock price prediction:Quarterly Earnings Growth (0.69) | EPS Estimate Next Quarter 0.16 | EPS Estimate Current Year 0.61 | EPS Estimate Next Year 0.72 | Wall Street Target Price 8.5 |
It is a matter of debate whether stock price prediction based on information in financial news can generate a strong buy or sell signal. We use our internally-built news screening methodology to estimate the value of Granite Ridge based on different types of headlines from major news networks to social media. The Granite stock price prediction module provides an analysis of price elasticity to changes in media outlook on Granite Ridge over a specific investment horizon. Using Granite Ridge hype-based prediction, you can estimate the value of Granite Ridge Resources from the perspective of Granite Ridge response to recently generated media hype and the effects of current headlines on its competitors.
This module is based on analyzing investor sentiment around taking a position in Granite Ridge. This speculative approach is based exclusively on the idea that markets are driven by emotions such as investor fear and greed. The fear of missing out, i.e., FOMO, can cause potential investors in Granite Ridge to buy its stock at a price that has no basis in reality. In that case, they are not buying Granite because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
Granite Ridge after-hype prediction price | USD 6.45 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Granite |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Granite Ridge'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.
Granite Ridge After-Hype Price Prediction Density Analysis
As far as predicting the price of Granite Ridge at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Granite Ridge or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Granite Ridge, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Granite Ridge Estimiated After-Hype Price Volatility
In the context of predicting Granite Ridge's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Granite Ridge's historical news coverage. Granite Ridge's after-hype downside and upside margins for the prediction period are 4.42 and 8.48, respectively. We have considered Granite Ridge's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Granite Ridge is somewhat reliable at this time. Analysis and calculation of next after-hype price of Granite Ridge Resources is based on 3 months time horizon.
Granite Ridge Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Granite Ridge is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Granite Ridge backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Granite Ridge, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.35 | 2.03 | 0.01 | 0.04 | 10 Events / Month | 9 Events / Month | In about 10 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
6.45 | 6.45 | 0.00 |
|
Granite Ridge Hype Timeline
Granite Ridge Resources is currently traded for 6.45. The entity has historical hype elasticity of -0.01, and average elasticity to hype of competition of 0.04. Granite is estimated not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is over 100%. The immediate return on the next news is estimated to be very small, whereas the daily expected return is currently at 0.35%. %. The volatility of related hype on Granite Ridge is about 1798.73%, with the expected price after the next announcement by competition of 6.49. About 52.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 1.33. Some equities with similar Price to Book (P/B) outperform the market in the long run. Granite Ridge Resources has Price/Earnings (P/E) ratio of 459.5. The entity last dividend was issued on the 29th of February 2024. The firm had 2499:1000 split on the 26th of March 2021. Given the investment horizon of 90 days the next estimated press release will be in about 10 days. Check out Granite Ridge Basic Forecasting Models to cross-verify your projections.Granite Ridge Related Hype Analysis
Having access to credible news sources related to Granite Ridge's direct competition is more important than ever and may enhance your ability to predict Granite Ridge's future price movements. Getting to know how Granite Ridge's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Granite Ridge may potentially react to the hype associated with one of its peers.
Granite Ridge Additional Predictive Modules
Most predictive techniques to examine Granite price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Granite using various technical indicators. When you analyze Granite charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About Granite Ridge Predictive Indicators
The successful prediction of Granite Ridge stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Granite Ridge Resources, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Granite Ridge based on analysis of Granite Ridge hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Granite Ridge's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Granite Ridge's related companies. | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.008884 | 0.0731 | 0.0768 | Price To Sales Ratio | 2.55 | 2.03 | 1.93 |
Story Coverage note for Granite Ridge
The number of cover stories for Granite Ridge depends on current market conditions and Granite Ridge's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Granite Ridge is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Granite Ridge's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
Contributor Headline
Latest Perspective From Macroaxis
View All Premium Stories
Granite Ridge Short Properties
Granite Ridge's future price predictability will typically decrease when Granite Ridge's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Granite Ridge Resources often depends not only on the future outlook of the potential Granite Ridge'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. Granite Ridge's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 133.1 M | |
| Cash And Short Term Investments | 60.9 M |
Check out Granite Ridge Basic Forecasting Models to cross-verify your projections. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Complementary Tools for Granite Stock analysis
When running Granite Ridge's price analysis, check to measure Granite Ridge'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 Granite Ridge is operating at the current time. Most of Granite Ridge's value examination focuses on studying past and present price action to predict the probability of Granite Ridge's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Granite Ridge's price. Additionally, you may evaluate how the addition of Granite Ridge to your portfolios can decrease your overall portfolio volatility.
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Stocks Directory Find actively traded stocks across global markets | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges |
Is Granite Ridge'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 Granite Ridge. If investors know Granite 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 Granite Ridge 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 (0.69) | Dividend Share 0.44 | Earnings Share 0.61 | Revenue Per Share 2.774 | Quarterly Revenue Growth (0.09) |
The market value of Granite Ridge Resources is measured differently than its book value, which is the value of Granite that is recorded on the company's balance sheet. Investors also form their own opinion of Granite Ridge's value that differs from its market value or its book value, called intrinsic value, which is Granite Ridge'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 Granite Ridge's market value can be influenced by many factors that don't directly affect Granite Ridge'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 Granite Ridge's value and its price as these two are different measures arrived at by different means. Investors typically determine if Granite Ridge is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Granite Ridge'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.