Sprint Probability of Target Price Finishing Above 6.61

S -- USA Stock  

USD 6.73  0.31  4.83%

Sprint probability of target price tool provides mechanism to make assumptions about upside and downside potential of Sprint Corporation performance during a given time horizon utilizing its historical volatility. Please specify Sprint time horizon, a valid symbol (red box) and a target price (blue box) you would like Sprint odds to be computed. Also please take a look at Sprint Backtesting, Sprint Valuation, Sprint Correlation, Sprint Hype Analysis, Sprint Volatility, Sprint History as well as Sprint Performance.
Horizon     30 Days    Login   to change
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Sprint Target Price Odds to finish below 6.61

Current PriceHorizonTarget PriceOdds to drop to $ 6.61  or more in 30 days
 6.73 30 days 6.61 
ABOUT 12.32%
Based on normal probability distribution, the odds of Sprint to drop to $ 6.61  or more in 30 days from now is about 12.32% (This Sprint Corporation probability density function shows the probability of Sprint Stock to fall within a particular range of prices over 30 days) . Probability of Sprint price to stay between $ 6.61  and its current price of $6.73 at the end of the 30-day period is about 10.71%.
Taking into account the 30 trading days horizon, Sprint has beta of 0.7876 . This entails as returns on market go up, Sprint average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Sprint Corporation 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. Sprint is significantly underperforming DOW.
 Sprint Price Density 
      Price 
α
Alpha over DOW
=0.18
β
Beta against DOW=0.79
σ
Overall volatility
=0.29
Ir
Information ratio =0.08

Sprint Alerts and Suggestions

Sprint generates negative expected return over the last 30 days
Sprint has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its interest payments
The company has accumulated 45.57B in total debt with debt to equity ratio (D/E) of 174.1 implying that the company may be unable to produce cash to meet its debt commitments. Sprint has Current Ratio of 0.92 which means it has a negative working capital and may have difficulties to pay out interest payments when they become due.
The entity reported annual revenue of 33.62B. Total Loss to common stockholders was (2.23B) with gross profit before all taxes, overhead, and interest of 20.21B.
Latest headline from newssoloution.com: Stock Performance In Focus Sprint Corporation, - Money Making News

SprintPrice Density Drivers

Shares Percent Shares Out2.61%
Short Percent Of Float16.80%
Float Shares636.77M
Average Daily Volume Last 10 Day7.23M
Shares Short Prior Month111.46M
Average Daily Volume In Three Month17.07M
Date Short InterestAugust 15, 2019
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