Itronics Stock Odds of Future Pink Sheet Price Finishing Over 12.60
ITRO Stock | USD 0.0002 0.00 0.00% |
Itronics |
Itronics Target Price Odds to finish over 12.60
The tendency of Itronics Pink Sheet 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 $ 12.60 or more in 90 days |
0.0002 | 90 days | 12.60 | close to zero percent |
Based on a normal probability distribution, the odds of Itronics to move over $ 12.60 or more in 90 days from now is close to zero percent (This Itronics probability density function shows the probability of Itronics Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Itronics price to stay between its current price of $ 0.0002 and $ 12.60 at the end of the 90-day period is near 1 .
Given the investment horizon of 90 days Itronics has a beta of 0.49. This usually indicates as returns on the market go up, Itronics average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Itronics will be expected to be much smaller as well. Moreover Itronics has an alpha of 1.4879, implying that it can generate a 1.49 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Itronics Price Density |
Price |
Predictive Modules for Itronics
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Itronics. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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 Itronics' 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.
Itronics Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Itronics is not an exception. The market had few large corrections towards the Itronics' 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 Itronics, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Itronics within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 1.49 | |
β | Beta against NYSE Composite | 0.49 | |
σ | Overall volatility | 0.000045 | |
Ir | Information ratio | 0.12 |
Itronics 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 Itronics for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Itronics can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.Itronics is way too risky over 90 days horizon | |
Itronics has some characteristics of a very speculative penny stock | |
Itronics appears to be risky and price may revert if volatility continues | |
Itronics has high likelihood to experience some financial distress in the next 2 years | |
The company currently holds 902.58 M in liabilities. Itronics has a current ratio of 0.05, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Itronics until it has trouble settling it off, either with new capital or with free cash flow. So, Itronics' 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 Itronics sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Itronics to invest in growth at high rates of return. When we think about Itronics' use of debt, we should always consider it together with cash and equity. | |
The entity reported the previous year's revenue of 2.17 B. Net Loss for the year was (56.88 M) with profit before overhead, payroll, taxes, and interest of 124.16 K. |
Itronics 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 Itronics Pink Sheet often depends not only on the future outlook of the current and potential Itronics' 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. Itronics' indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding | 40.4 M | |
Cash And Short Term Investments | 206.9 M |
Itronics Technical Analysis
Itronics' future price can be derived by breaking down and analyzing its technical indicators over time. Itronics Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Itronics. In general, you should focus on analyzing Itronics Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Itronics Predictive Forecast Models
Itronics' time-series forecasting models is one of many Itronics' pink sheet 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 Itronics' 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 pink sheet market movement and maximize returns from investment trading.
Things to note about Itronics
Checking the ongoing alerts about Itronics for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Itronics help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Itronics is way too risky over 90 days horizon | |
Itronics has some characteristics of a very speculative penny stock | |
Itronics appears to be risky and price may revert if volatility continues | |
Itronics has high likelihood to experience some financial distress in the next 2 years | |
The company currently holds 902.58 M in liabilities. Itronics has a current ratio of 0.05, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Itronics until it has trouble settling it off, either with new capital or with free cash flow. So, Itronics' 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 Itronics sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Itronics to invest in growth at high rates of return. When we think about Itronics' use of debt, we should always consider it together with cash and equity. | |
The entity reported the previous year's revenue of 2.17 B. Net Loss for the year was (56.88 M) with profit before overhead, payroll, taxes, and interest of 124.16 K. |
Check out Itronics Backtesting, Itronics Valuation, Itronics Correlation, Itronics Hype Analysis, Itronics Volatility, Itronics History as well as Itronics Performance. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
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When running Itronics' price analysis, check to measure Itronics' 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 Itronics is operating at the current time. Most of Itronics' value examination focuses on studying past and present price action to predict the probability of Itronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Itronics' price. Additionally, you may evaluate how the addition of Itronics to your portfolios can decrease your overall portfolio volatility.
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