Goodrx Holdingsinc Stock Probability of Future Stock Price Finishing Over 6.97
| GDRX Stock | USD 6.97 0.31 4.65% |
Closest to current price Goodrx long CALL Option Payoff at Expiration
Goodrx |
Goodrx HoldingsInc Target Price Odds to finish over 6.97
The tendency of Goodrx 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 above the current price in 90 days |
| 6.97 | 90 days | 6.97 | about 32.4 |
Based on a normal probability distribution, the odds of Goodrx HoldingsInc to move above the current price in 90 days from now is about 32.4 (This Goodrx HoldingsInc probability density function shows the probability of Goodrx 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 1.46 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Goodrx HoldingsInc will likely underperform. Additionally Goodrx HoldingsInc has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Goodrx HoldingsInc Price Density |
| Price |
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.
Goodrx HoldingsInc Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Goodrx HoldingsInc is not an exception. The market had few large corrections towards the Goodrx HoldingsInc'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 Goodrx HoldingsInc, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Goodrx HoldingsInc within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.03 | |
β | Beta against NYSE Composite | 1.46 | |
σ | Overall volatility | 0.46 | |
Ir | Information ratio | 0 |
Goodrx HoldingsInc 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 Goodrx HoldingsInc for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Goodrx HoldingsInc can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Goodrx HoldingsInc had very high historical volatility over the last 90 days | |
| The company reported the previous year's revenue of 750.26 M. Net Loss for the year was (8.87 M) with profit before overhead, payroll, taxes, and interest of 701.48 M. | |
| Goodrx HoldingsInc has a strong financial position based on the latest SEC filings | |
| About 62.0% of the company shares are owned by institutional investors | |
| Latest headline from businesswire.com: GDRX INVESTOR ALERT Kessler Topaz Meltzer Check, LLP Files A Securities Fraud Class Action Lawsuit Against GoodRX Holdings, Inc. And Encourages Investors With Losses To Contact The Firm |
Goodrx HoldingsInc 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 Goodrx Stock often depends not only on the future outlook of the current and potential Goodrx HoldingsInc'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. Goodrx HoldingsInc's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 410.3 M | |
| Cash And Short Term Investments | 672.3 M |
Goodrx HoldingsInc Technical Analysis
Goodrx HoldingsInc's future price can be derived by breaking down and analyzing its technical indicators over time. Goodrx Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Goodrx HoldingsInc. In general, you should focus on analyzing Goodrx Stock price patterns and their correlations with different microeconomic environments and drivers.
Goodrx HoldingsInc Predictive Forecast Models
Goodrx HoldingsInc's time-series forecasting models is one of many Goodrx HoldingsInc'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 Goodrx HoldingsInc'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 Goodrx HoldingsInc
Checking the ongoing alerts about Goodrx HoldingsInc for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Goodrx HoldingsInc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Goodrx HoldingsInc had very high historical volatility over the last 90 days | |
| The company reported the previous year's revenue of 750.26 M. Net Loss for the year was (8.87 M) with profit before overhead, payroll, taxes, and interest of 701.48 M. | |
| Goodrx HoldingsInc has a strong financial position based on the latest SEC filings | |
| About 62.0% of the company shares are owned by institutional investors | |
| Latest headline from businesswire.com: GDRX INVESTOR ALERT Kessler Topaz Meltzer Check, LLP Files A Securities Fraud Class Action Lawsuit Against GoodRX Holdings, Inc. And Encourages Investors With Losses To Contact The Firm |
Check out Goodrx HoldingsInc Backtesting, Goodrx HoldingsInc Valuation, Goodrx HoldingsInc Correlation, Goodrx HoldingsInc Hype Analysis, Goodrx HoldingsInc Volatility, Goodrx HoldingsInc History as well as Goodrx HoldingsInc Performance. For more information on how to buy Goodrx Stock please use our How to Invest in Goodrx HoldingsInc guide.You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Complementary Tools for Goodrx Stock analysis
When running Goodrx HoldingsInc's price analysis, check to measure Goodrx HoldingsInc'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 Goodrx HoldingsInc is operating at the current time. Most of Goodrx HoldingsInc's value examination focuses on studying past and present price action to predict the probability of Goodrx HoldingsInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goodrx HoldingsInc's price. Additionally, you may evaluate how the addition of Goodrx HoldingsInc to your portfolios can decrease your overall portfolio volatility.
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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.