Leggett Platt Incorporated Stock Probability of Future Stock Price Finishing Under 33.37

LEG Stock  USD 18.96  0.88  4.87%   
Leggett Platt's implied volatility is one of the determining factors in the pricing options written on Leggett Platt Incorporated. Implied volatility approximates the future value of Leggett Platt 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 Leggett Platt Incorporated over a specific time period. For example, 2024-04-19 CALL at $20.0 is a CALL option contract on Leggett Platt's common stock with a strick price of 20.0 expiring on 2024-04-19. The contract was last traded on 2024-03-27 at 14:32:04 for $0.1 and, as of today, has 22 days remaining before the expiration. The option is currently trading at a bid price of $0.15, and an ask price of $0.2. The implied volatility as of the 28th of March is 29.23. View All Leggett options

Closest to current price Leggett long CALL Option Payoff at Expiration

Leggett Platt's future price is the expected price of Leggett Platt 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 Leggett Platt Incorporated performance during a given time horizon utilizing its historical volatility. Check out Leggett Platt Backtesting, Leggett Platt Valuation, Leggett Platt Correlation, Leggett Platt Hype Analysis, Leggett Platt Volatility, Leggett Platt History as well as Leggett Platt Performance.
  
At this time, Leggett Platt's Price To Operating Cash Flows Ratio is most likely to slightly decrease in the upcoming years. The Leggett Platt's current Price To Free Cash Flows Ratio is estimated to increase to 9.77, while Price Book Value Ratio is projected to decrease to 2.32. Please specify Leggett Platt's target price for which you would like Leggett Platt odds to be computed.

Leggett Platt Target Price Odds to finish below 33.37

The tendency of Leggett 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 under $ 33.37  after 90 days
 18.96 90 days 33.37 
close to 99
Based on a normal probability distribution, the odds of Leggett Platt to stay under $ 33.37  after 90 days from now is close to 99 (This Leggett Platt Incorporated probability density function shows the probability of Leggett Stock to fall within a particular range of prices over 90 days) . Probability of Leggett Platt rporated price to stay between its current price of $ 18.96  and $ 33.37  at the end of the 90-day period is about 86.79 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.74 . This 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, Leggett Platt will likely underperform. Additionally Leggett Platt Incorporated has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
   Leggett Platt Price Density   
       Price  

Predictive Modules for Leggett Platt

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Leggett Platt rporated. 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 Leggett Platt'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
16.0318.6121.19
Details
Intrinsic
Valuation
LowRealHigh
17.0622.5125.09
Details
Naive
Forecast
LowNextHigh
15.6818.2620.84
Details
4 Analysts
Consensus
LowTargetHigh
22.4524.6727.38
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Leggett Platt. Your research has to be compared to or analyzed against Leggett Platt's peers to derive any actionable benefits. When done correctly, Leggett Platt'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 Leggett Platt rporated.

Leggett Platt Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Leggett Platt is not an exception. The market had few large corrections towards the Leggett Platt'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 Leggett Platt Incorporated, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Leggett Platt within the framework of very fundamental risk indicators.
α
Alpha over NYSE Composite
-0.67
β
Beta against NYSE Composite1.74
σ
Overall volatility
2.49
Ir
Information ratio -0.24

Leggett Platt 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 Leggett Platt for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Leggett Platt rporated can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Leggett Platt generated a negative expected return over the last 90 days
The company reported the last year's revenue of 4.73 B. Reported Net Loss for the year was (136.8 M) with profit before taxes, overhead, and interest of 976.8 M.
Leggett Platt has a strong financial position based on the latest SEC filings
About 67.0% of the company shares are owned by institutional investors
Latest headline from investorplace.com: The 3 Highest-Yielding Dividend Kings for March 2024

Leggett Platt 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 Leggett Stock often depends not only on the future outlook of the current and potential Leggett Platt'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. Leggett Platt's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding136.3 M
Cash And Short Term Investments365.5 M

Leggett Platt Technical Analysis

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

Leggett Platt Predictive Forecast Models

Leggett Platt's time-series forecasting models is one of many Leggett Platt'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 Leggett Platt'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 Leggett Platt rporated

Checking the ongoing alerts about Leggett Platt for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Leggett Platt rporated help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Leggett Platt generated a negative expected return over the last 90 days
The company reported the last year's revenue of 4.73 B. Reported Net Loss for the year was (136.8 M) with profit before taxes, overhead, and interest of 976.8 M.
Leggett Platt has a strong financial position based on the latest SEC filings
About 67.0% of the company shares are owned by institutional investors
Latest headline from investorplace.com: The 3 Highest-Yielding Dividend Kings for March 2024
When determining whether Leggett Platt rporated is a strong investment it is important to analyze Leggett Platt'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 Leggett Platt's future performance. For an informed investment choice regarding Leggett Stock, refer to the following important reports:
Check out Leggett Platt Backtesting, Leggett Platt Valuation, Leggett Platt Correlation, Leggett Platt Hype Analysis, Leggett Platt Volatility, Leggett Platt History as well as Leggett Platt Performance.
Note that the Leggett Platt rporated information on this page should be used as a complementary analysis to other Leggett Platt's 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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

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When running Leggett Platt's price analysis, check to measure Leggett Platt'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 Leggett Platt is operating at the current time. Most of Leggett Platt's value examination focuses on studying past and present price action to predict the probability of Leggett Platt's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Leggett Platt's price. Additionally, you may evaluate how the addition of Leggett Platt to your portfolios can decrease your overall portfolio volatility.
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Is Leggett Platt'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 Leggett Platt. If investors know Leggett 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 Leggett Platt 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
(0.26)
Dividend Share
1.82
Earnings Share
(1.00)
Revenue Per Share
34.668
Quarterly Revenue Growth
(0.07)
The market value of Leggett Platt rporated is measured differently than its book value, which is the value of Leggett that is recorded on the company's balance sheet. Investors also form their own opinion of Leggett Platt's value that differs from its market value or its book value, called intrinsic value, which is Leggett Platt'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 Leggett Platt's market value can be influenced by many factors that don't directly affect Leggett Platt'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 Leggett Platt's value and its price as these two are different measures arrived at by different means. Investors typically determine if Leggett Platt is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Leggett Platt'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.