Black Hills Stock Probability of Future Stock Price Finishing Over 76.04

BKH Stock  USD 54.60  0.56  1.04%   
Black Hills' implied volatility is one of the determining factors in the pricing options written on Black Hills. Implied volatility approximates the future value of Black Hills 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 Black Hills over a specific time period. For example, 2024-04-19 CALL at $55.0 is a CALL option contract on Black Hills' common stock with a strick price of 55.0 expiring on 2024-04-19. The contract was last traded on 2024-03-27 at 15:54:14 for $0.7 and, as of today, has 21 days remaining before the expiration. The option is currently trading at a bid price of $0.6, and an ask price of $0.9. The implied volatility as of the 29th of March is 16.75. View All Black options

Closest to current price Black long CALL Option Payoff at Expiration

Black Hills' future price is the expected price of Black Hills 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 Black Hills performance during a given time horizon utilizing its historical volatility. Check out Black Hills Backtesting, Black Hills Valuation, Black Hills Correlation, Black Hills Hype Analysis, Black Hills Volatility, Black Hills History as well as Black Hills Performance.
For more detail on how to invest in Black Stock please use our How to Invest in Black Hills guide.
  
As of now, Black Hills' Price To Free Cash Flows Ratio is decreasing as compared to previous years. The Black Hills' current Price To Book Ratio is estimated to increase to 1.86, while Price Earnings Ratio is projected to decrease to 11.58. Please specify Black Hills' target price for which you would like Black Hills odds to be computed.

Black Hills Target Price Odds to finish over 76.04

The tendency of Black 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 move over $ 76.04  or more in 90 days
 54.60 90 days 76.04 
close to zero percent
Based on a normal probability distribution, the odds of Black Hills to move over $ 76.04  or more in 90 days from now is close to zero percent (This Black Hills probability density function shows the probability of Black Stock to fall within a particular range of prices over 90 days) . Probability of Black Hills price to stay between its current price of $ 54.60  and $ 76.04  at the end of the 90-day period is about 5.51 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.35 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Black Hills will likely underperform. Additionally Black Hills has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
   Black Hills Price Density   
       Price  

Predictive Modules for Black Hills

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Black Hills. 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 Black Hills' 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
53.0654.6056.14
Details
Intrinsic
Valuation
LowRealHigh
51.8453.3854.92
Details
Naive
Forecast
LowNextHigh
53.4254.9656.50
Details
5 Analysts
Consensus
LowTargetHigh
55.5161.0067.71
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Black Hills. Your research has to be compared to or analyzed against Black Hills' peers to derive any actionable benefits. When done correctly, Black Hills' 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 Black Hills.

Black Hills Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Black Hills is not an exception. The market had few large corrections towards the Black Hills' 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 Black Hills, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Black Hills within the framework of very fundamental risk indicators.
α
Alpha over NYSE Composite
-0.14
β
Beta against NYSE Composite1.35
σ
Overall volatility
1.54
Ir
Information ratio -0.06

Black Hills 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 Black Hills for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Black Hills can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
The company has 4.4 B in debt with debt to equity (D/E) ratio of 1.5, which is OK given its current industry classification. Black Hills has a current ratio of 0.95, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Black Hills until it has trouble settling it off, either with new capital or with free cash flow. So, Black Hills' 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 Black Hills sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Black to invest in growth at high rates of return. When we think about Black Hills' use of debt, we should always consider it together with cash and equity.
Over 88.0% of Black Hills shares are held by institutions such as insurance companies
On 1st of March 2024 Black Hills paid $ 0.65 per share dividend to its current shareholders
Latest headline from news.google.com: Black Hills Issues FY 2024 Earnings Guidance - MarketBeat

Black Hills 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 Black Stock often depends not only on the future outlook of the current and potential Black Hills' 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. Black Hills' indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding67.1 M
Cash And Short Term Investments93 M

Black Hills Technical Analysis

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

Black Hills Predictive Forecast Models

Black Hills' time-series forecasting models is one of many Black Hills' 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 Black Hills' 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 Black Hills

Checking the ongoing alerts about Black Hills for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Black Hills help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
The company has 4.4 B in debt with debt to equity (D/E) ratio of 1.5, which is OK given its current industry classification. Black Hills has a current ratio of 0.95, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Black Hills until it has trouble settling it off, either with new capital or with free cash flow. So, Black Hills' 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 Black Hills sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Black to invest in growth at high rates of return. When we think about Black Hills' use of debt, we should always consider it together with cash and equity.
Over 88.0% of Black Hills shares are held by institutions such as insurance companies
On 1st of March 2024 Black Hills paid $ 0.65 per share dividend to its current shareholders
Latest headline from news.google.com: Black Hills Issues FY 2024 Earnings Guidance - MarketBeat
When determining whether Black Hills offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Black Hills' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Black Hills Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Black Hills Stock:
Check out Black Hills Backtesting, Black Hills Valuation, Black Hills Correlation, Black Hills Hype Analysis, Black Hills Volatility, Black Hills History as well as Black Hills Performance.
For more detail on how to invest in Black Stock please use our How to Invest in Black Hills guide.
You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.

Complementary Tools for Black Stock analysis

When running Black Hills' price analysis, check to measure Black Hills' 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 Black Hills is operating at the current time. Most of Black Hills' value examination focuses on studying past and present price action to predict the probability of Black Hills' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Black Hills' price. Additionally, you may evaluate how the addition of Black Hills to your portfolios can decrease your overall portfolio volatility.
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Is Black Hills' 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 Black Hills. If investors know Black 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 Black Hills 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
0.057
Dividend Share
2.5
Earnings Share
3.91
Revenue Per Share
34.796
Quarterly Revenue Growth
(0.25)
The market value of Black Hills is measured differently than its book value, which is the value of Black that is recorded on the company's balance sheet. Investors also form their own opinion of Black Hills' value that differs from its market value or its book value, called intrinsic value, which is Black Hills' 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 Black Hills' market value can be influenced by many factors that don't directly affect Black Hills' 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 Black Hills' value and its price as these two are different measures arrived at by different means. Investors typically determine if Black Hills is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Black Hills' 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.