Dermtech Stock Price on February 28, 2019
DMTK Stock | USD 0.71 0.06 9.23% |
Below is the normalized historical share price chart for DermTech extending back to August 10, 2017. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of DermTech stands at 0.71, as last reported on the 28th of March, with the highest price reaching 0.71 and the lowest price hitting 0.63 during the day.
If you're considering investing in DermTech Stock, it is important to understand the factors that can impact its price. DermTech secures Sharpe Ratio (or Efficiency) of -0.21, which denotes the company had a -0.21% return per unit of risk over the last 3 months. DermTech exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DermTech's Standard Deviation of 6.38, variance of 40.66, and Mean Deviation of 4.4 to check the risk estimate we provide.
At this time, DermTech's Total Stockholder Equity is quite stable compared to the past year. Common Stock Shares Outstanding is expected to rise to about 36.3 M this year, although the value of Capital Stock will most likely fall to 2,565. . The value of Price Earnings Ratio is estimated to slide to -0.44. The value of Price To Sales Ratio is estimated to slide to 4.00. DermTech Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 10th of August 2017 | 200 Day MA 1.7832 | 50 Day MA 1.0744 | Beta 2.622 |
DermTech |
Sharpe Ratio = -0.2094
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Estimated Market Risk
6.05 actual daily | 53 53% of assets are less volatile |
Expected Return
-1.27 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.21 actual daily | 0 Most of other assets perform better |
Based on monthly moving average DermTech is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of DermTech by adding DermTech to a well-diversified portfolio.
Price Book 0.3936 | Enterprise Value Ebitda (0.21) | Price Sales 1.4736 | Shares Float 33.2 M | Wall Street Target Price 2.8 |
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
MSFT | Microsoft | |
GOOG | Alphabet Class C | |
S | SentinelOne |
About DermTech Stock history
DermTech investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for DermTech is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in DermTech will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing DermTech stock prices may prove useful in developing a viable investing in DermTech
Last Reported | Projected for 2024 | ||
Common Stock Shares Outstanding | 34.5 M | 36.3 M | |
Net Loss | -105 M | -99.8 M |
DermTech Quarterly Net Working Capital |
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DermTech Stock Technical Analysis
DermTech technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
DermTech Period Price Range
DermTech March 28, 2024 Market Strength
Market strength indicators help investors to evaluate how DermTech stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading DermTech shares will generate the highest return on investment. By undertsting and applying DermTech stock market strength indicators, traders can identify DermTech entry and exit signals to maximize returns
DermTech Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for DermTech's price direction in advance. Along with the technical and fundamental analysis of DermTech Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of DermTech to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0.07) | |||
Jensen Alpha | (1.28) | |||
Total Risk Alpha | (2.37) | |||
Treynor Ratio | (0.34) |
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DermTech. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy DermTech Stock please use our How to buy in DermTech Stock guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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When running DermTech's price analysis, check to measure DermTech'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 DermTech is operating at the current time. Most of DermTech's value examination focuses on studying past and present price action to predict the probability of DermTech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DermTech's price. Additionally, you may evaluate how the addition of DermTech to your portfolios can decrease your overall portfolio volatility.
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Is DermTech'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 DermTech. If investors know DermTech 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 DermTech listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.09) | Revenue Per Share 0.469 | Quarterly Revenue Growth 0.311 | Return On Assets (0.38) | Return On Equity (1.06) |
The market value of DermTech is measured differently than its book value, which is the value of DermTech that is recorded on the company's balance sheet. Investors also form their own opinion of DermTech's value that differs from its market value or its book value, called intrinsic value, which is DermTech'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 DermTech's market value can be influenced by many factors that don't directly affect DermTech'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 DermTech's value and its price as these two are different measures arrived at by different means. Investors typically determine if DermTech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DermTech'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.