Purple Innovation Stock Probability of Future Stock Price Finishing Over 11.24
| PRPL Stock | USD 1.01 0.03 3.06% |
Purple |
Purple Innovation Target Price Odds to finish over 11.24
The tendency of Purple 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 $ 11.24 or more in 90 days |
| 1.01 | 90 days | 11.24 | close to zero percent |
Based on a normal probability distribution, the odds of Purple Innovation to move over $ 11.24 or more in 90 days from now is close to zero percent (This Purple Innovation probability density function shows the probability of Purple Stock to fall within a particular range of prices over 90 days) . Probability of Purple Innovation price to stay between its current price of $ 1.01 and $ 11.24 at the end of the 90-day period is about 16.75 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.17 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Purple Innovation will likely underperform. Additionally Purple Innovation 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. Purple Innovation Price Density |
| Price |
Predictive Modules for Purple Innovation
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Purple Innovation. 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.Purple Innovation Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Purple Innovation is not an exception. The market had few large corrections towards the Purple Innovation's 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 Purple Innovation, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Purple Innovation within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.09 | |
β | Beta against Dow Jones | 1.17 | |
σ | Overall volatility | 0.07 | |
Ir | Information ratio | -0.02 |
Purple Innovation 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 Purple Innovation for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Purple Innovation can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Purple Innovation has some characteristics of a very speculative penny stock | |
| Purple Innovation had very high historical volatility over the last 90 days | |
| Purple Innovation has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 510.54 M. Net Loss for the year was (120.76 M) with profit before overhead, payroll, taxes, and interest of 210.58 M. | |
| Purple Innovation currently holds about 41.17 M in cash with (54.66 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.5. | |
| Purple Innovation has a poor financial position based on the latest SEC disclosures | |
| Roughly 75.0% of the company shares are owned by institutional investors | |
| Latest headline from cnbc.com: Acquisition by Robert DeMartini of 169585 shares of Purple Innovation subject to Rule 16b-3 |
Purple Innovation 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 Purple Stock often depends not only on the future outlook of the current and potential Purple Innovation's 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. Purple Innovation's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 103.9 M | |
| Cash And Short Term Investments | 26.9 M |
Purple Innovation Technical Analysis
Purple Innovation's future price can be derived by breaking down and analyzing its technical indicators over time. Purple Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Purple Innovation. In general, you should focus on analyzing Purple Stock price patterns and their correlations with different microeconomic environments and drivers.
Purple Innovation Predictive Forecast Models
Purple Innovation's time-series forecasting models is one of many Purple Innovation's 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 Purple Innovation's 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 Purple Innovation
Checking the ongoing alerts about Purple Innovation for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Purple Innovation help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Purple Innovation has some characteristics of a very speculative penny stock | |
| Purple Innovation had very high historical volatility over the last 90 days | |
| Purple Innovation has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 510.54 M. Net Loss for the year was (120.76 M) with profit before overhead, payroll, taxes, and interest of 210.58 M. | |
| Purple Innovation currently holds about 41.17 M in cash with (54.66 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.5. | |
| Purple Innovation has a poor financial position based on the latest SEC disclosures | |
| Roughly 75.0% of the company shares are owned by institutional investors | |
| Latest headline from cnbc.com: Acquisition by Robert DeMartini of 169585 shares of Purple Innovation subject to Rule 16b-3 |
Check out Purple Innovation Backtesting, Purple Innovation Valuation, Purple Innovation Correlation, Purple Innovation Hype Analysis, Purple Innovation Volatility, Purple Innovation History as well as Purple Innovation Performance. For more information on how to buy Purple Stock please use our How to buy in Purple Stock guide.You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Is Household Appliances space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Purple Innovation. If investors know Purple will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Purple Innovation listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.60) | Earnings Share (1.02) | Revenue Per Share 4.734 | Quarterly Revenue Growth (0.15) | Return On Assets (0.12) |
The market value of Purple Innovation is measured differently than its book value, which is the value of Purple that is recorded on the company's balance sheet. Investors also form their own opinion of Purple Innovation's value that differs from its market value or its book value, called intrinsic value, which is Purple Innovation's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Purple Innovation's market value can be influenced by many factors that don't directly affect Purple Innovation's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Purple Innovation's value and its price as these two are different measures arrived at by different means. Investors typically determine if Purple Innovation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Purple Innovation's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.