Goodrx HoldingsInc Stock Forecast - 20 Period Moving Average

GDRX Stock  USD 7.10  0.09  1.28%   
The 20 Period Moving Average forecasted value of Goodrx HoldingsInc on the next trading day is expected to be 7.17 with a mean absolute deviation of  0.35  and the sum of the absolute errors of 14.51. Goodrx Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Goodrx HoldingsInc stock prices and determine the direction of Goodrx HoldingsInc's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Goodrx HoldingsInc's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Goodrx HoldingsInc's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Goodrx HoldingsInc's systematic risk associated with finding meaningful patterns of Goodrx HoldingsInc fundamentals over time.
Check out Historical Fundamental Analysis of Goodrx HoldingsInc to cross-verify your projections.
For more information on how to buy Goodrx Stock please use our How to Invest in Goodrx HoldingsInc guide.
  
At this time, Goodrx HoldingsInc's Payables Turnover is fairly stable compared to the past year. Receivables Turnover is likely to rise to 7.19 in 2024, despite the fact that Inventory Turnover is likely to grow to (6.13). . Common Stock Shares Outstanding is likely to drop to about 409.4 M in 2024. Net Loss is likely to drop to about (31 M) in 2024.

Open Interest Against 2024-04-19 Goodrx Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Goodrx HoldingsInc's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Goodrx HoldingsInc's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Goodrx HoldingsInc stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Goodrx HoldingsInc's open interest, investors have to compare it to Goodrx HoldingsInc's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Goodrx HoldingsInc is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Goodrx. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Goodrx HoldingsInc cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Goodrx HoldingsInc's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Goodrx HoldingsInc's price structures and extracts relationships that further increase the generated results' accuracy.
A commonly used 20-period moving average forecast model for Goodrx HoldingsInc is based on a synthetically constructed Goodrx HoldingsIncdaily price series in which the value for a trading day is replaced by the mean of that value and the values for 20 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.

Goodrx HoldingsInc 20 Period Moving Average Price Forecast For the 29th of March

Given 90 days horizon, the 20 Period Moving Average forecasted value of Goodrx HoldingsInc on the next trading day is expected to be 7.17 with a mean absolute deviation of 0.35, mean absolute percentage error of 0.29, and the sum of the absolute errors of 14.51.
Please note that although there have been many attempts to predict Goodrx Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Goodrx HoldingsInc's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Goodrx HoldingsInc Stock Forecast Pattern

Backtest Goodrx HoldingsIncGoodrx HoldingsInc Price PredictionBuy or Sell Advice 

Goodrx HoldingsInc Forecasted Value

In the context of forecasting Goodrx HoldingsInc's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Goodrx HoldingsInc's downside and upside margins for the forecasting period are 2.43 and 11.91, respectively. We have considered Goodrx HoldingsInc's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Market Value
7.10
7.17
Expected Value
11.91
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 20 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Goodrx HoldingsInc stock data series using in forecasting. Note that when a statistical model is used to represent Goodrx HoldingsInc stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.
AICAkaike Information Criteria80.1115
BiasArithmetic mean of the errors -0.1495
MADMean absolute deviation0.354
MAPEMean absolute percentage error0.049
SAESum of the absolute errors14.5135
The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. Goodrx HoldingsInc 20-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for Goodrx HoldingsInc

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Goodrx HoldingsInc. 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 Goodrx HoldingsInc'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
2.216.9811.75
Details
Intrinsic
Valuation
LowRealHigh
2.507.2712.04
Details
20 Analysts
Consensus
LowTargetHigh
7.948.739.69
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.030.070.10
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Goodrx HoldingsInc. Your research has to be compared to or analyzed against Goodrx HoldingsInc's peers to derive any actionable benefits. When done correctly, Goodrx HoldingsInc'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 Goodrx HoldingsInc.

Other Forecasting Options for Goodrx HoldingsInc

For every potential investor in Goodrx, whether a beginner or expert, Goodrx HoldingsInc's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Goodrx Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Goodrx. Basic forecasting techniques help filter out the noise by identifying Goodrx HoldingsInc's price trends.

Goodrx HoldingsInc Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Goodrx HoldingsInc stock to make a market-neutral strategy. Peer analysis of Goodrx HoldingsInc could also be used in its relative valuation, which is a method of valuing Goodrx HoldingsInc by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Goodrx HoldingsInc Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Goodrx HoldingsInc's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Goodrx HoldingsInc's current price.

Goodrx HoldingsInc Market Strength Events

Market strength indicators help investors to evaluate how Goodrx HoldingsInc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Goodrx HoldingsInc shares will generate the highest return on investment. By undertsting and applying Goodrx HoldingsInc stock market strength indicators, traders can identify Goodrx HoldingsInc entry and exit signals to maximize returns.

Goodrx HoldingsInc Risk Indicators

The analysis of Goodrx HoldingsInc's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Goodrx HoldingsInc's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting goodrx stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Goodrx HoldingsInc Investors Sentiment

The influence of Goodrx HoldingsInc's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Goodrx. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Goodrx HoldingsInc's public news can be used to forecast risks associated with an investment in Goodrx. The trend in average sentiment can be used to explain how an investor holding Goodrx can time the market purely based on public headlines and social activities around Goodrx HoldingsInc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Goodrx HoldingsInc's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Goodrx HoldingsInc's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Goodrx HoldingsInc's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Goodrx HoldingsInc.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Goodrx HoldingsInc in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Goodrx HoldingsInc's short interest history, or implied volatility extrapolated from Goodrx HoldingsInc options trading.

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When determining whether Goodrx HoldingsInc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Goodrx HoldingsInc'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 Goodrx Holdingsinc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Goodrx Holdingsinc Stock:
Check out Historical Fundamental Analysis of Goodrx HoldingsInc to cross-verify your projections.
For more information on how to buy Goodrx Stock please use our How to Invest in Goodrx HoldingsInc guide.
You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.

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Is Goodrx HoldingsInc'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 Goodrx HoldingsInc. If investors know Goodrx 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 Goodrx HoldingsInc 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
6.635
Earnings Share
(0.02)
Revenue Per Share
1.829
Quarterly Revenue Growth
0.068
Return On Assets
0.0195
The market value of Goodrx HoldingsInc is measured differently than its book value, which is the value of Goodrx that is recorded on the company's balance sheet. Investors also form their own opinion of Goodrx HoldingsInc's value that differs from its market value or its book value, called intrinsic value, which is Goodrx HoldingsInc'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 Goodrx HoldingsInc's market value can be influenced by many factors that don't directly affect Goodrx HoldingsInc'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 Goodrx HoldingsInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Goodrx HoldingsInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Goodrx HoldingsInc'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.