Electrocore Llc Stock Probability of Future Stock Price Finishing Over 0.9024

ECOR Stock  USD 5.87  0.29  4.71%   
Electrocore LLC's future price is the expected price of Electrocore LLC instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Electrocore LLC performance during a given time horizon utilizing its historical volatility. Check out Electrocore LLC Backtesting, Electrocore LLC Valuation, Electrocore LLC Correlation, Electrocore LLC Hype Analysis, Electrocore LLC Volatility, Electrocore LLC History as well as Electrocore LLC Performance.
To learn how to invest in Electrocore Stock, please use our How to Invest in Electrocore LLC guide.
  
At this time, Electrocore LLC's Price Book Value Ratio is relatively stable compared to the past year. As of 03/28/2024, Price To Book Ratio is likely to grow to 4.63, while Price To Sales Ratio is likely to drop 1.94. Please specify Electrocore LLC's target price for which you would like Electrocore LLC odds to be computed.

Electrocore LLC Target Price Odds to finish over 0.9024

The tendency of Electrocore 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 PriceHorizonTarget PriceOdds to stay above $ 0.90  in 90 days
 5.87 90 days 0.90 
close to 99
Based on a normal probability distribution, the odds of Electrocore LLC to stay above $ 0.90  in 90 days from now is close to 99 (This Electrocore LLC probability density function shows the probability of Electrocore Stock to fall within a particular range of prices over 90 days) . Probability of Electrocore LLC price to stay between $ 0.90  and its current price of $5.87 at the end of the 90-day period is about 8.37 .
Given the investment horizon of 90 days Electrocore LLC has a beta of -0.38 suggesting as returns on benchmark increase, returns on holding Electrocore LLC are expected to decrease at a much lower rate. During the bear market, however, Electrocore LLC is likely to outperform the market. Additionally Electrocore LLC has an alpha of 0.1801, implying that it can generate a 0.18 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
   Electrocore LLC Price Density   
       Price  

Predictive Modules for Electrocore LLC

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Electrocore LLC. 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 Electrocore LLC'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
2.795.868.93
Details
Intrinsic
Valuation
LowRealHigh
5.289.5312.60
Details
Naive
Forecast
LowNextHigh
2.325.398.47
Details
5 Analysts
Consensus
LowTargetHigh
19.2021.1023.42
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Electrocore LLC. Your research has to be compared to or analyzed against Electrocore LLC's peers to derive any actionable benefits. When done correctly, Electrocore LLC'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 Electrocore LLC.

Electrocore LLC Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Electrocore LLC is not an exception. The market had few large corrections towards the Electrocore LLC'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 Electrocore LLC, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Electrocore LLC within the framework of very fundamental risk indicators.
α
Alpha over NYSE Composite
0.18
β
Beta against NYSE Composite-0.38
σ
Overall volatility
0.58
Ir
Information ratio 0

Electrocore LLC 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 Electrocore LLC for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Electrocore LLC can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Electrocore LLC had very high historical volatility over the last 90 days
The company reported the previous year's revenue of 16.03 M. Net Loss for the year was (18.83 M) with profit before overhead, payroll, taxes, and interest of 7.21 M.
Electrocore LLC currently holds about 26.33 M in cash with (14.67 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.37.
Electrocore LLC has a frail financial position based on the latest SEC disclosures
Roughly 27.0% of the company shares are held by company insiders
Latest headline from news.google.com: electroCore Posts Quarterly Earnings Results, Misses Estimates By 0.06 EPS - Defense World

Electrocore LLC 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 Electrocore Stock often depends not only on the future outlook of the current and potential Electrocore LLC'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. Electrocore LLC's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding5.5 M
Cash And Short Term Investments10.6 M

Electrocore LLC Technical Analysis

Electrocore LLC's future price can be derived by breaking down and analyzing its technical indicators over time. Electrocore Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Electrocore LLC. In general, you should focus on analyzing Electrocore Stock price patterns and their correlations with different microeconomic environments and drivers.

Electrocore LLC Predictive Forecast Models

Electrocore LLC's time-series forecasting models is one of many Electrocore LLC'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 Electrocore LLC'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 Electrocore LLC

Checking the ongoing alerts about Electrocore LLC for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Electrocore LLC help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Electrocore LLC had very high historical volatility over the last 90 days
The company reported the previous year's revenue of 16.03 M. Net Loss for the year was (18.83 M) with profit before overhead, payroll, taxes, and interest of 7.21 M.
Electrocore LLC currently holds about 26.33 M in cash with (14.67 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.37.
Electrocore LLC has a frail financial position based on the latest SEC disclosures
Roughly 27.0% of the company shares are held by company insiders
Latest headline from news.google.com: electroCore Posts Quarterly Earnings Results, Misses Estimates By 0.06 EPS - Defense World
When determining whether Electrocore LLC is a strong investment it is important to analyze Electrocore LLC's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Electrocore LLC's future performance. For an informed investment choice regarding Electrocore Stock, refer to the following important reports:

Complementary Tools for Electrocore Stock analysis

When running Electrocore LLC's price analysis, check to measure Electrocore LLC'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 Electrocore LLC is operating at the current time. Most of Electrocore LLC's value examination focuses on studying past and present price action to predict the probability of Electrocore LLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Electrocore LLC's price. Additionally, you may evaluate how the addition of Electrocore LLC to your portfolios can decrease your overall portfolio volatility.
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Is Electrocore LLC'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 Electrocore LLC. If investors know Electrocore 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 Electrocore LLC listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(3.42)
Revenue Per Share
2.907
Quarterly Revenue Growth
1.028
Return On Assets
(0.58)
Return On Equity
(1.54)
The market value of Electrocore LLC is measured differently than its book value, which is the value of Electrocore that is recorded on the company's balance sheet. Investors also form their own opinion of Electrocore LLC's value that differs from its market value or its book value, called intrinsic value, which is Electrocore LLC'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 Electrocore LLC's market value can be influenced by many factors that don't directly affect Electrocore LLC'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 Electrocore LLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if Electrocore LLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Electrocore LLC'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.