Exro Technologies Stock Probability of Future Stock Price Finishing Over 10.10
| EXRO Stock | 0.14 0.02 12.50% |
Exro |
Exro Technologies Target Price Odds to finish over 10.10
The tendency of Exro 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 Price | Horizon | Target Price | Odds to move over 10.10 or more in 90 days |
| 0.14 | 90 days | 10.10 | close to zero percent |
Based on a normal probability distribution, the odds of Exro Technologies to move over 10.10 or more in 90 days from now is close to zero percent (This Exro Technologies probability density function shows the probability of Exro Stock to fall within a particular range of prices over 90 days) . Probability of Exro Technologies price to stay between its current price of 0.14 and 10.10 at the end of the 90-day period is about 86.64 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 5.46 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Exro Technologies will likely underperform. Additionally Exro Technologies has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Exro Technologies Price Density |
| Price |
Predictive Modules for Exro Technologies
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Exro Technologies. 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.Exro Technologies Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Exro Technologies is not an exception. The market had few large corrections towards the Exro Technologies' 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 Exro Technologies, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Exro Technologies within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -1.48 | |
β | Beta against Dow Jones | 5.46 | |
σ | Overall volatility | 0.06 | |
Ir | Information ratio | -0.1 |
Exro Technologies 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 Exro Technologies for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Exro Technologies can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Exro Technologies generated a negative expected return over the last 90 days | |
| Exro Technologies has high historical volatility and very poor performance | |
| Exro Technologies has some characteristics of a very speculative penny stock | |
| Exro Technologies has a very high chance of going through financial distress in the upcoming years | |
| The company reported the revenue of 5.74 M. Net Loss for the year was (50.62 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Exro Technologies has accumulated about 15.35 M in cash with (42.61 M) of positive cash flow from operations. | |
| Roughly 17.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Exro Technologies Reports Third Quarter 2024 Financial Results - PR Newswire |
Exro Technologies 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 Exro Stock often depends not only on the future outlook of the current and potential Exro Technologies' 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. Exro Technologies' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 161.7 M | |
| Cash And Short Term Investments | 6.2 M |
Exro Technologies Technical Analysis
Exro Technologies' future price can be derived by breaking down and analyzing its technical indicators over time. Exro Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Exro Technologies. In general, you should focus on analyzing Exro Stock price patterns and their correlations with different microeconomic environments and drivers.
Exro Technologies Predictive Forecast Models
Exro Technologies' time-series forecasting models is one of many Exro Technologies' 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 Exro Technologies' 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 Exro Technologies
Checking the ongoing alerts about Exro Technologies for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Exro Technologies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Exro Technologies generated a negative expected return over the last 90 days | |
| Exro Technologies has high historical volatility and very poor performance | |
| Exro Technologies has some characteristics of a very speculative penny stock | |
| Exro Technologies has a very high chance of going through financial distress in the upcoming years | |
| The company reported the revenue of 5.74 M. Net Loss for the year was (50.62 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Exro Technologies has accumulated about 15.35 M in cash with (42.61 M) of positive cash flow from operations. | |
| Roughly 17.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Exro Technologies Reports Third Quarter 2024 Financial Results - PR Newswire |
Other Information on Investing in Exro Stock
Exro Technologies financial ratios help investors to determine whether Exro Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Exro with respect to the benefits of owning Exro Technologies security.