Nitin Fire (India) Probability of Target Price Finishing Over Current Price

NITINFIRE -- India Stock  

INR 2.66  0.20  8.13%

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

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 2.66 30 days 2.66  NEAR 1%
Based on normal probability distribution, the odds of Nitin Fire to move above current price in 30 days from now is near 1% (This Nitin Fire Protection Industries Limited probability density function shows the probability of Nitin Fire Stock to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, Nitin Fire Protection Industries Limited has beta of -0.4955 indicating as returns on benchmark increase, returns on holding Nitin Fire are expected to decrease at a much smaller rate. During bear market, however, Nitin Fire Protection Industries Limited is likely to outperform the market. Additionally Nitin Fire Protection Industries Limited has an alpha of 0.7941 implying that it can potentially generate 0.7941% excess return over DOW after adjusting for the inherited market risk (beta).
 Nitin Fire Price Density 
      Price 
α
Alpha over DOW
=0.79
β
Beta against DOW=0.5
σ
Overall volatility
=0.22
Ir
Information ratio =0.20

Nitin Fire Alerts

Nitin Fire Alerts and Suggestions

Nitin Fire is not yet fully synchronised with the market data
Nitin Fire appears to be very risky and stock price may revert if volatility continues
Nitin Fire has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations
The company has accumulated 4.51 B in total debt with debt to equity ratio (D/E) of 81.3 indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Nitin Fire Protection Industries Limited has Current Ratio of 0.84 indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due.
This company reported revenue of 8.88 B. Net Loss for the year was (1.67 B) with profit before overhead, payroll, taxes, and interest of 3.45 B.
NITIN FIRE has accumulated about 58.62 M in cash with (1.59 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.2.
Latest headline from winslowrecord.com: Trading Watch Following the 6.67 percent Price Performance for Nitin Fire Protection Industries Limited

Price Density Drivers

Nitin Fire Health Indicators

Trailing Annual Dividend Rate0.20
Float Shares113.42M
Average Daily Volume Last 10 Day27.81k
Average Daily Volume In Three Month28.73k
Trailing Annual Dividend Yield7.84%
Please see also Stocks Correlation. Please also try Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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