Hologic Stock Odds of Future Stock Price Finishing Over 46.85

HOLX Stock  USD 77.96  0.61  0.79%   
Hologic's implied volatility is one of the determining factors in the pricing options written on Hologic. Implied volatility approximates the future value of Hologic 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 Hologic over a specific time period. For example, 2024-04-19 CALL at $80.0 is a CALL option contract on Hologic's common stock with a strick price of 80.0 expiring on 2024-04-19. The contract was last traded on 2024-03-28 at 15:39:23 for $0.65 and, as of today, has 21 days remaining before the expiration. The option is currently trading at a bid price of $0.55, and an ask price of $0.7. The implied volatility as of the 29th of March is 18.07. View All Hologic options

Closest to current price Hologic long CALL Option Payoff at Expiration

Hologic's future price is the expected price of Hologic 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 Hologic performance during a given time horizon utilizing its historical volatility. Check out Hologic Backtesting, Hologic Valuation, Hologic Correlation, Hologic Hype Analysis, Hologic Volatility, Hologic History as well as Hologic Performance.
For more information on how to buy Hologic Stock please use our How to Invest in Hologic guide.
  
At this time, Hologic's Price Earnings Ratio is fairly stable compared to the past year. Price To Free Cash Flows Ratio is likely to rise to 17.96 in 2024, whereas Price To Sales Ratio is likely to drop 2.10 in 2024. Please specify Hologic's target price for which you would like Hologic odds to be computed.

Hologic Target Price Odds to finish over 46.85

The tendency of Hologic 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 above $ 46.85  in 90 days
 77.96 90 days 46.85 
close to 99
Based on a normal probability distribution, the odds of Hologic to stay above $ 46.85  in 90 days from now is close to 99 (This Hologic probability density function shows the probability of Hologic Stock to fall within a particular range of prices over 90 days) . Probability of Hologic price to stay between $ 46.85  and its current price of $77.96 at the end of the 90-day period is about 99.0 .
Given the investment horizon of 90 days Hologic has a beta of 0.41. This usually indicates as returns on the market go up, Hologic average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Hologic will be expected to be much smaller as well. Additionally Hologic has an alpha of 0.0851, implying that it can generate a 0.0851 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
   Hologic Price Density   
       Price  

Predictive Modules for Hologic

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hologic. 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 Hologic'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
76.9477.9678.98
Details
Intrinsic
Valuation
LowRealHigh
75.2876.3085.76
Details
Naive
Forecast
LowNextHigh
75.9076.9377.95
Details
18 Analysts
Consensus
LowTargetHigh
78.8286.6296.15
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Hologic. Your research has to be compared to or analyzed against Hologic's peers to derive any actionable benefits. When done correctly, Hologic'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 Hologic.

Hologic Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Hologic is not an exception. The market had few large corrections towards the Hologic'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 Hologic, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Hologic within the framework of very fundamental risk indicators.
α
Alpha over NYSE Composite
0.09
β
Beta against NYSE Composite0.41
σ
Overall volatility
1.66
Ir
Information ratio 0.01

Hologic 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 Hologic for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Hologic can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Over 99.0% of the company shares are owned by institutional investors
Latest headline from massdevice.com: Acquisition by Karleen Oberton of 8687 shares of Hologic subject to Rule 16b-3

Hologic 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 Hologic Stock often depends not only on the future outlook of the current and potential Hologic'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. Hologic's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding248.8 M
Cash And Short Term Investments2.7 B

Hologic Technical Analysis

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

Hologic Predictive Forecast Models

Hologic's time-series forecasting models is one of many Hologic'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 Hologic'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 Hologic

Checking the ongoing alerts about Hologic for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Hologic help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Over 99.0% of the company shares are owned by institutional investors
Latest headline from massdevice.com: Acquisition by Karleen Oberton of 8687 shares of Hologic subject to Rule 16b-3
When determining whether Hologic offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Hologic's 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 Hologic Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Hologic Stock:
Check out Hologic Backtesting, Hologic Valuation, Hologic Correlation, Hologic Hype Analysis, Hologic Volatility, Hologic History as well as Hologic Performance.
For more information on how to buy Hologic Stock please use our How to Invest in Hologic guide.
You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

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When running Hologic's price analysis, check to measure Hologic'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 Hologic is operating at the current time. Most of Hologic's value examination focuses on studying past and present price action to predict the probability of Hologic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hologic's price. Additionally, you may evaluate how the addition of Hologic to your portfolios can decrease your overall portfolio volatility.
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Is Hologic'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 Hologic. If investors know Hologic 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 Hologic 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
0.373
Earnings Share
2.11
Revenue Per Share
16.228
Quarterly Revenue Growth
(0.06)
Return On Assets
0.0649
The market value of Hologic is measured differently than its book value, which is the value of Hologic that is recorded on the company's balance sheet. Investors also form their own opinion of Hologic's value that differs from its market value or its book value, called intrinsic value, which is Hologic'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 Hologic's market value can be influenced by many factors that don't directly affect Hologic'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 Hologic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hologic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hologic'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.