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

NITINFIRE -- India Stock  

INR 1.17  0.00  0.00%

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
 1.17 30 days 1.17  ROUGHLY 97.0%
Based on normal probability distribution, the odds of Nitin Fire to move above current price in 30 days from now is roughly 97.0% (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 has beta of 0.0741 indicating as returns on market go up, Nitin Fire average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Nitin Fire Protection Industries Limited will be expected to be much smaller as well. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. Nitin Fire Protection is significantly underperforming DOW.
 Nitin Fire Price Density 
      Price 
α
Alpha over DOW
=1.2
β
Beta against DOW=0.07
σ
Overall volatility
=0.27
Ir
Information ratio =0.47

Nitin Fire Alerts

Nitin Fire Alerts and Suggestions

Nitin Fire is not yet fully synchronised with the market data
Nitin Fire generates negative expected return over the last 30 days
Nitin Fire may become a speculative penny stock
Nitin Fire has high historical volatility and very poor performance
Nitin Fire has high likelihood to experience some financial distress in the next 2 years
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 4.51B 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 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.
The entity reported revenue of 8.88B. Net Loss for the year was (1.67B) with profit before overhead, payroll, taxes, and interest of 3.45B.
NITIN FIRE has accumulated about 58.62M in cash with (1.59B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.2.

Price Density Drivers

Nitin Fire Health Indicators

Trailing Annual Dividend Rate0.20
Float Shares118.54M
Average Daily Volume Last 10 Day29.97k
Average Daily Volume In Three Month30.8k
Trailing Annual Dividend Yield12.50%
Please see also Stocks Correlation. Please also try Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
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