Exact Sciences Stock Probability of Future Stock Price Finishing Over 69.06

EXAS Stock  USD 69.06  2.18  3.26%   
EXACT Sciences' implied volatility is one of the determining factors in the pricing options written on EXACT Sciences. Implied volatility approximates the future value of EXACT Sciences based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in EXACT Sciences over a specific time period. For example, 2024-04-19 CALL at $70.0 is a CALL option contract on EXACT Sciences' common stock with a strick price of 70.0 expiring on 2024-04-19. The contract was last traded on 2024-03-27 at 15:54:16 for $3.2 and, as of today, has 22 days remaining before the expiration. The option is currently trading at a bid price of $3.1, and an ask price of $3.4. The implied volatility as of the 28th of March is 67.34. View All EXACT options

Closest to current price EXACT long CALL Option Payoff at Expiration

EXACT Sciences' future price is the expected price of EXACT Sciences 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 EXACT Sciences performance during a given time horizon utilizing its historical volatility. Check out EXACT Sciences Backtesting, EXACT Sciences Valuation, EXACT Sciences Correlation, EXACT Sciences Hype Analysis, EXACT Sciences Volatility, EXACT Sciences History as well as EXACT Sciences Performance.
For more information on how to buy EXACT Stock please use our How to Invest in EXACT Sciences guide.
  
At this time, EXACT Sciences' Price Book Value Ratio is comparatively stable compared to the past year. Price Earnings To Growth Ratio is likely to gain to 1.01 in 2024, whereas Price To Sales Ratio is likely to drop 5.06 in 2024. Please specify EXACT Sciences' target price for which you would like EXACT Sciences odds to be computed.

EXACT Sciences Target Price Odds to finish over 69.06

The tendency of EXACT 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 move above the current price in 90 days
 69.06 90 days 69.06 
about 17.16
Based on a normal probability distribution, the odds of EXACT Sciences to move above the current price in 90 days from now is about 17.16 (This EXACT Sciences probability density function shows the probability of EXACT Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.56 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, EXACT Sciences will likely underperform. Additionally EXACT Sciences has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
   EXACT Sciences Price Density   
       Price  

Predictive Modules for EXACT Sciences

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as EXACT Sciences. 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 EXACT Sciences' 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
67.1869.9372.68
Details
Intrinsic
Valuation
LowRealHigh
62.8586.9189.67
Details
23 Analysts
Consensus
LowTargetHigh
96.81106.38118.08
Details
Earnings
Estimates (0)
LowProjected EPSHigh
-0.63-0.46-0.17
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as EXACT Sciences. Your research has to be compared to or analyzed against EXACT Sciences' peers to derive any actionable benefits. When done correctly, EXACT Sciences' 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 EXACT Sciences.

EXACT Sciences Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. EXACT Sciences is not an exception. The market had few large corrections towards the EXACT Sciences' 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 EXACT Sciences, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of EXACT Sciences within the framework of very fundamental risk indicators.
α
Alpha over NYSE Composite
-0.27
β
Beta against NYSE Composite1.56
σ
Overall volatility
5.16
Ir
Information ratio -0.07

EXACT Sciences 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 EXACT Sciences for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for EXACT Sciences can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
EXACT Sciences generated a negative expected return over the last 90 days
The company reported the previous year's revenue of 2.5 B. Net Loss for the year was (204.15 M) with profit before overhead, payroll, taxes, and interest of 1.51 B.
EXACT Sciences has a poor financial position based on the latest SEC disclosures
Over 89.0% of the company shares are held by institutions such as insurance companies
Latest headline from businesswire.com: Exact Sciences Named 2024 Gallup Exceptional Workplace Award Winner

EXACT Sciences 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 EXACT Stock often depends not only on the future outlook of the current and potential EXACT Sciences' 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. EXACT Sciences' indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding180.1 M
Cash And Short Term Investments777.6 M

EXACT Sciences Technical Analysis

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

EXACT Sciences Predictive Forecast Models

EXACT Sciences' time-series forecasting models is one of many EXACT Sciences' 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 EXACT Sciences' 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 EXACT Sciences

Checking the ongoing alerts about EXACT Sciences for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for EXACT Sciences help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
EXACT Sciences generated a negative expected return over the last 90 days
The company reported the previous year's revenue of 2.5 B. Net Loss for the year was (204.15 M) with profit before overhead, payroll, taxes, and interest of 1.51 B.
EXACT Sciences has a poor financial position based on the latest SEC disclosures
Over 89.0% of the company shares are held by institutions such as insurance companies
Latest headline from businesswire.com: Exact Sciences Named 2024 Gallup Exceptional Workplace Award Winner
When determining whether EXACT Sciences is a strong investment it is important to analyze EXACT Sciences' 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 EXACT Sciences' future performance. For an informed investment choice regarding EXACT Stock, refer to the following important reports:
Check out EXACT Sciences Backtesting, EXACT Sciences Valuation, EXACT Sciences Correlation, EXACT Sciences Hype Analysis, EXACT Sciences Volatility, EXACT Sciences History as well as EXACT Sciences Performance.
For more information on how to buy EXACT Stock please use our How to Invest in EXACT Sciences guide.
Note that the EXACT Sciences information on this page should be used as a complementary analysis to other EXACT Sciences' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

Complementary Tools for EXACT Stock analysis

When running EXACT Sciences' price analysis, check to measure EXACT Sciences' 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 EXACT Sciences is operating at the current time. Most of EXACT Sciences' value examination focuses on studying past and present price action to predict the probability of EXACT Sciences' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EXACT Sciences' price. Additionally, you may evaluate how the addition of EXACT Sciences to your portfolios can decrease your overall portfolio volatility.
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Is EXACT Sciences' 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 EXACT Sciences. If investors know EXACT 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 EXACT Sciences listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.13)
Revenue Per Share
13.876
Quarterly Revenue Growth
0.17
Return On Assets
(0.03)
Return On Equity
(0.07)
The market value of EXACT Sciences is measured differently than its book value, which is the value of EXACT that is recorded on the company's balance sheet. Investors also form their own opinion of EXACT Sciences' value that differs from its market value or its book value, called intrinsic value, which is EXACT Sciences' 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 EXACT Sciences' market value can be influenced by many factors that don't directly affect EXACT Sciences' 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 EXACT Sciences' value and its price as these two are different measures arrived at by different means. Investors typically determine if EXACT Sciences is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EXACT Sciences' 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.