EargoInc Price on February 7, 2024

EARDelisted Stock  USD 2.57  0.05  1.91%   
If you're considering investing in EargoInc Stock, it is important to understand the factors that can impact its price. As of today, the current price of EargoInc stands at 2.57, as last reported on the 3rd of May, with the highest price reaching 2.64 and the lowest price hitting 2.56 during the day. EargoInc secures Sharpe Ratio (or Efficiency) of -0.0938, which denotes the company had a -0.0938% return per unit of risk over the last 3 months. EargoInc exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EargoInc's Coefficient Of Variation of 6222.85, mean deviation of 0.701, and Downside Deviation of 1.81 to check the risk estimate we provide.
  
EargoInc Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0938

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Estimated Market Risk

 1.53
  actual daily
13
87% of assets are more volatile

Expected Return

 -0.14
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.09
  actual daily
0
Most of other assets perform better
Based on monthly moving average EargoInc 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 EargoInc by adding EargoInc to a well-diversified portfolio.

EargoInc Valuation on February 7, 2024

It is possible to determine the worth of EargoInc on a given historical date. On February 7, 2024 EargoInc was worth 2.61 at the beginning of the trading date compared to the closed value of 2.63. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of EargoInc stock. Still, in general, we apply an absolute valuation method to find EargoInc's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of EargoInc where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against EargoInc's related companies.
 Open High Low Close Volume
  2.61    2.64    2.61    2.62    5,938  
02/07/2024
  2.61    2.63    2.61    2.63    6,399  
  2.62    2.63    2.61    2.63    7,423  
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Open Value
2.61
2.63
Closing Value
7.20
Upside

EargoInc Trading Date Momentum on February 7, 2024

On February 08 2024 EargoInc was traded for  2.63  at the closing time. Highest EargoInc's price during the trading hours was 2.63  and the lowest price during the day was  2.61 . The net volume was 7.4 K. The overall trading history on the 8th of February did not affect price variability. The overall trading delta to current price is 0.38% .

EargoInc Fundamentals Correlations and Trends

By evaluating EargoInc's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among EargoInc's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. EargoInc financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About EargoInc Stock history

EargoInc 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 EargoInc is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in EargoInc 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 EargoInc stock prices may prove useful in developing a viable investing in EargoInc
Eargo, Inc., a medical device company, engages in enhancing the quality of life of people with hearing loss in the United States. Eargo, Inc. was incorporated in 2010 and is headquartered in San Jose, California. Eargo operates under Medical Devices classification in the United States and is traded on NASDAQ Exchange. It employs 215 people.

EargoInc Stock Technical Analysis

EargoInc 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, delisted stock market cycles, or different charting patterns.
A focus of EargoInc technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of EargoInc trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

EargoInc Period Price Range

Low
February 7, 2024
0.02  0.77%
High

 2.61 

     

 2.63 

EargoInc May 3, 2024 Market Strength

Market strength indicators help investors to evaluate how EargoInc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading EargoInc shares will generate the highest return on investment. By undertsting and applying EargoInc stock market strength indicators, traders can identify EargoInc entry and exit signals to maximize returns

EargoInc Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for EargoInc's price direction in advance. Along with the technical and fundamental analysis of EargoInc Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of EargoInc 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.
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Note that the EargoInc information on this page should be used as a complementary analysis to other EargoInc'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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Other Consideration for investing in EargoInc Stock

If you are still planning to invest in EargoInc check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the EargoInc's history and understand the potential risks before investing.
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