Eastside Distilling Stock Probability of Future Stock Price Finishing Over 6.0
| EAST Stock | USD 0.93 0.01 1.09% |
Eastside |
Eastside Distilling Target Price Odds to finish over 6.0
The tendency of Eastside 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 move over $ 6.00 or more in 90 days |
| 0.93 | 90 days | 6.00 | close to zero percent |
Based on a normal probability distribution, the odds of Eastside Distilling to move over $ 6.00 or more in 90 days from now is close to zero percent (This Eastside Distilling probability density function shows the probability of Eastside Stock to fall within a particular range of prices over 90 days) . Probability of Eastside Distilling price to stay between its current price of $ 0.93 and $ 6.00 at the end of the 90-day period is about 91.37 .
Given the investment horizon of 90 days Eastside Distilling has a beta of -0.21 suggesting as returns on the benchmark increase, returns on holding Eastside Distilling are expected to decrease at a much lower rate. During a bear market, however, Eastside Distilling is likely to outperform the market. Additionally Eastside Distilling has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Eastside Distilling Price Density |
| Price |
Predictive Modules for Eastside Distilling
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Eastside Distilling. 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 Eastside Distilling'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.
Eastside Distilling Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Eastside Distilling is not an exception. The market had few large corrections towards the Eastside Distilling'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 Eastside Distilling, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Eastside Distilling within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.15 | |
β | Beta against NYSE Composite | -0.21 | |
σ | Overall volatility | 0.11 | |
Ir | Information ratio | -0.04 |
Eastside Distilling 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 Eastside Distilling for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Eastside Distilling can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Eastside Distilling generated a negative expected return over the last 90 days | |
| Eastside Distilling has high historical volatility and very poor performance | |
| Eastside Distilling has some characteristics of a very speculative penny stock | |
| Eastside Distilling has a very high chance of going through financial distress in the upcoming years | |
| The company currently holds 13.89 M in liabilities with Debt to Equity (D/E) ratio of 1.48, which is about average as compared to similar companies. Eastside Distilling has a current ratio of 0.81, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Eastside Distilling until it has trouble settling it off, either with new capital or with free cash flow. So, Eastside Distilling's 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 Eastside Distilling sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Eastside to invest in growth at high rates of return. When we think about Eastside Distilling's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 10.5 M. Net Loss for the year was (7.54 M) with profit before overhead, payroll, taxes, and interest of 2.91 M. | |
| Eastside Distilling currently holds about 1.02 M in cash with (1.84 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.07. | |
| Eastside Distilling has a frail financial position based on the latest SEC disclosures | |
| Latest headline from MacroaxisInsider: Discretionary transaction by Bigger Michael of 1838000 shares of Eastside Distilling at 3.05 subject to Rule 16b-3 |
Eastside Distilling 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 Eastside Stock often depends not only on the future outlook of the current and potential Eastside Distilling'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. Eastside Distilling's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.1 M | |
| Cash And Short Term Investments | 403 K |
Eastside Distilling Technical Analysis
Eastside Distilling's future price can be derived by breaking down and analyzing its technical indicators over time. Eastside Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Eastside Distilling. In general, you should focus on analyzing Eastside Stock price patterns and their correlations with different microeconomic environments and drivers.
Eastside Distilling Predictive Forecast Models
Eastside Distilling's time-series forecasting models is one of many Eastside Distilling'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 Eastside Distilling'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 Eastside Distilling
Checking the ongoing alerts about Eastside Distilling for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Eastside Distilling help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Eastside Distilling generated a negative expected return over the last 90 days | |
| Eastside Distilling has high historical volatility and very poor performance | |
| Eastside Distilling has some characteristics of a very speculative penny stock | |
| Eastside Distilling has a very high chance of going through financial distress in the upcoming years | |
| The company currently holds 13.89 M in liabilities with Debt to Equity (D/E) ratio of 1.48, which is about average as compared to similar companies. Eastside Distilling has a current ratio of 0.81, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Eastside Distilling until it has trouble settling it off, either with new capital or with free cash flow. So, Eastside Distilling's 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 Eastside Distilling sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Eastside to invest in growth at high rates of return. When we think about Eastside Distilling's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 10.5 M. Net Loss for the year was (7.54 M) with profit before overhead, payroll, taxes, and interest of 2.91 M. | |
| Eastside Distilling currently holds about 1.02 M in cash with (1.84 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.07. | |
| Eastside Distilling has a frail financial position based on the latest SEC disclosures | |
| Latest headline from MacroaxisInsider: Discretionary transaction by Bigger Michael of 1838000 shares of Eastside Distilling at 3.05 subject to Rule 16b-3 |
Check out Eastside Distilling Backtesting, Eastside Distilling Valuation, Eastside Distilling Correlation, Eastside Distilling Hype Analysis, Eastside Distilling Volatility, Eastside Distilling History as well as Eastside Distilling Performance. For more information on how to buy Eastside Stock please use our How to Invest in Eastside Distilling guide.You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for Eastside Stock analysis
When running Eastside Distilling's price analysis, check to measure Eastside Distilling'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 Eastside Distilling is operating at the current time. Most of Eastside Distilling's value examination focuses on studying past and present price action to predict the probability of Eastside Distilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eastside Distilling's price. Additionally, you may evaluate how the addition of Eastside Distilling to your portfolios can decrease your overall portfolio volatility.
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Is Eastside Distilling'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 Eastside Distilling. If investors know Eastside 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 Eastside Distilling listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (7.04) | Revenue Per Share 9.623 | Quarterly Revenue Growth (0.13) | Return On Assets (0.17) | Return On Equity (2.60) |
The market value of Eastside Distilling is measured differently than its book value, which is the value of Eastside that is recorded on the company's balance sheet. Investors also form their own opinion of Eastside Distilling's value that differs from its market value or its book value, called intrinsic value, which is Eastside Distilling'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 Eastside Distilling's market value can be influenced by many factors that don't directly affect Eastside Distilling'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 Eastside Distilling's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eastside Distilling is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eastside Distilling'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.