Prokidney Corp Stock Probability of Future Stock Price Finishing Over 2.71
| PROK Stock | USD 2.71 0.18 7.11% |
ProKidney |
ProKidney Corp Target Price Odds to finish over 2.71
The tendency of ProKidney 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 |
| 2.71 | 90 days | 2.71 | near 1 |
Based on a normal probability distribution, the odds of ProKidney Corp to move above the current price in 90 days from now is near 1 (This ProKidney Corp probability density function shows the probability of ProKidney Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days ProKidney Corp has a beta of -0.12 indicating as returns on the benchmark increase, returns on holding ProKidney Corp are expected to decrease at a much lower rate. During a bear market, however, ProKidney Corp is likely to outperform the market. Moreover ProKidney Corp has an alpha of 1.3486, implying that it can generate a 1.35 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). ProKidney Corp Price Density |
| Price |
Predictive Modules for ProKidney Corp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ProKidney Corp. 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 ProKidney Corp'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.
ProKidney Corp Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ProKidney Corp is not an exception. The market had few large corrections towards the ProKidney Corp'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 ProKidney Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ProKidney Corp within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 1.35 | |
β | Beta against NYSE Composite | -0.12 | |
σ | Overall volatility | 0.35 | |
Ir | Information ratio | 0.15 |
ProKidney Corp 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 ProKidney Corp for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ProKidney Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| ProKidney Corp is way too risky over 90 days horizon | |
| ProKidney Corp appears to be risky and price may revert if volatility continues | |
| The company currently holds 4.41 M in liabilities with Debt to Equity (D/E) ratio of 5.66, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. ProKidney Corp has a current ratio of 0.73, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist ProKidney Corp until it has trouble settling it off, either with new capital or with free cash flow. So, ProKidney Corp's 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 ProKidney Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for ProKidney to invest in growth at high rates of return. When we think about ProKidney Corp's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (35.47 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| ProKidney Corp currently holds about 21.88 M in cash with (90.07 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.36. | |
| ProKidney Corp has a frail financial position based on the latest SEC disclosures | |
| Roughly 61.0% of ProKidney Corp shares are owned by institutional investors | |
| Latest headline from investing.com: ProKidney Corp executive sells over 43k in company stock |
ProKidney Corp 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 ProKidney Stock often depends not only on the future outlook of the current and potential ProKidney Corp'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. ProKidney Corp's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 61.7 M | |
| Cash And Short Term Investments | 362.9 M |
ProKidney Corp Technical Analysis
ProKidney Corp's future price can be derived by breaking down and analyzing its technical indicators over time. ProKidney Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ProKidney Corp. In general, you should focus on analyzing ProKidney Stock price patterns and their correlations with different microeconomic environments and drivers.
ProKidney Corp Predictive Forecast Models
ProKidney Corp's time-series forecasting models is one of many ProKidney Corp'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 ProKidney Corp'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 ProKidney Corp
Checking the ongoing alerts about ProKidney Corp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for ProKidney Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| ProKidney Corp is way too risky over 90 days horizon | |
| ProKidney Corp appears to be risky and price may revert if volatility continues | |
| The company currently holds 4.41 M in liabilities with Debt to Equity (D/E) ratio of 5.66, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. ProKidney Corp has a current ratio of 0.73, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist ProKidney Corp until it has trouble settling it off, either with new capital or with free cash flow. So, ProKidney Corp's 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 ProKidney Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for ProKidney to invest in growth at high rates of return. When we think about ProKidney Corp's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (35.47 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| ProKidney Corp currently holds about 21.88 M in cash with (90.07 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.36. | |
| ProKidney Corp has a frail financial position based on the latest SEC disclosures | |
| Roughly 61.0% of ProKidney Corp shares are owned by institutional investors | |
| Latest headline from investing.com: ProKidney Corp executive sells over 43k in company stock |
Check out ProKidney Corp Backtesting, ProKidney Corp Valuation, ProKidney Corp Correlation, ProKidney Corp Hype Analysis, ProKidney Corp Volatility, ProKidney Corp History as well as ProKidney Corp Performance. For more information on how to buy ProKidney Stock please use our How to buy in ProKidney Stock guide.You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
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When running ProKidney Corp's price analysis, check to measure ProKidney Corp'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 ProKidney Corp is operating at the current time. Most of ProKidney Corp's value examination focuses on studying past and present price action to predict the probability of ProKidney Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ProKidney Corp's price. Additionally, you may evaluate how the addition of ProKidney Corp to your portfolios can decrease your overall portfolio volatility.
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Is ProKidney Corp'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 ProKidney Corp. If investors know ProKidney 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 ProKidney Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.57) | Return On Assets (0.20) | Return On Equity (0.30) |
The market value of ProKidney Corp is measured differently than its book value, which is the value of ProKidney that is recorded on the company's balance sheet. Investors also form their own opinion of ProKidney Corp's value that differs from its market value or its book value, called intrinsic value, which is ProKidney Corp'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 ProKidney Corp's market value can be influenced by many factors that don't directly affect ProKidney Corp'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 ProKidney Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProKidney Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProKidney Corp'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.