MEDIGUS (Israel) Probability of Target Price Finishing Over Current Price

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MDGS -- Israel Stock  

ILA 31.30  0.30  0.97%

MEDIGUS probability of target price tool provides mechanism to make assumptions about upside and downside potential of MEDIGUS performance during a given time horizon utilizing its historical volatility. Please specify MEDIGUS time horizon, a valid symbol (red box) and a target price (blue box) you would like MEDIGUS odds to be computed. Additionally see Stocks Correlation.
Horizon     30 Days    Login   to change
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MEDIGUS Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 31.30 30 days 31.30 
about 79.16
Based on normal probability distribution, the odds of MEDIGUS to move above current price in 30 days from now is about 79.16 (This MEDIGUS probability density function shows the probability of MEDIGUS Stock to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, MEDIGUS has beta of -1.2358 indicating as returns on its benchmark rise, returns on holding MEDIGUS are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, MEDIGUS is expected to outperform its benchmark. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. MEDIGUS is significantly underperforming DOW.
 MEDIGUS Price Density 
    
  Price 
α
Alpha over DOW
=0.0012
β
Beta against DOW=1.24
σ
Overall volatility
=1.86
Ir
Information ratio =0.09

MEDIGUS Alerts and Suggestions

MEDIGUS is not yet fully synchronised with the market data
MEDIGUS generates negative expected return over the last 30 days
MEDIGUS has high historical volatility and very poor performance
MEDIGUS has high likelihood to experience some financial distress in the next 2 years
The company reported revenue of 459 K. Net Loss for the year was (6.17 M) with loss before overhead, payroll, taxes, and interest of (171 K).
MEDIGUS has accumulated about 8.79 M in cash with (3.91 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.12.

MEDIGUSPrice Density Drivers

Float Shares49.55M
Average Daily Volume Last 10 Day114.66k
Average Daily Volume In Three Month293.17k