Progressive Care Probability of Future OTC Stock Price Finishing Over 1.68
| RXMDDelisted Stock | USD 2.11 0.00 0.00% |
Progressive |
Progressive Care Target Price Odds to finish over 1.68
The tendency of Progressive OTC 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 stay above $ 1.68 in 90 days |
| 2.11 | 90 days | 1.68 | about 58.6 |
Based on a normal probability distribution, the odds of Progressive Care to stay above $ 1.68 in 90 days from now is about 58.6 (This Progressive Care probability density function shows the probability of Progressive OTC Stock to fall within a particular range of prices over 90 days) . Probability of Progressive Care price to stay between $ 1.68 and its current price of $2.11 at the end of the 90-day period is about 53.68 .
Given the investment horizon of 90 days Progressive Care has a beta of -1.95 indicating as returns on its benchmark rise, returns on holding Progressive Care are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Progressive Care is expected to outperform its benchmark. Moreover Progressive Care has an alpha of 1.1813, implying that it can generate a 1.18 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Progressive Care Price Density |
| Price |
Predictive Modules for Progressive Care
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Progressive Care. Regardless of method or technology, however, to accurately forecast the otc stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the otc 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.Progressive Care Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Progressive Care is not an exception. The market had few large corrections towards the Progressive Care'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 Progressive Care, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Progressive Care within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.18 | |
β | Beta against Dow Jones | -1.95 | |
σ | Overall volatility | 0.23 | |
Ir | Information ratio | 0.08 |
Progressive Care 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 Progressive Care for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Progressive Care can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Progressive Care is not yet fully synchronised with the market data | |
| Progressive Care is way too risky over 90 days horizon | |
| Progressive Care appears to be risky and price may revert if volatility continues | |
| Progressive Care has a very high chance of going through financial distress in the upcoming years | |
| Progressive Care currently holds 3.11 M in liabilities. Progressive Care has a current ratio of 0.58, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Progressive Care until it has trouble settling it off, either with new capital or with free cash flow. So, Progressive Care's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Progressive Care sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Progressive to invest in growth at high rates of return. When we think about Progressive Care's use of debt, we should always consider it together with cash and equity. | |
| Progressive Care currently holds about 2.23 M in cash with (757.93 K) of positive cash flow from operations. | |
| Roughly 14.0% of the company outstanding shares are owned by corporate insiders |
Progressive Care 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 Progressive OTC Stock often depends not only on the future outlook of the current and potential Progressive Care'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. Progressive Care's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 544.9 M | |
| Short Long Term Debt | 202.2 K | |
| Shares Float | 2.9 M |
Progressive Care Technical Analysis
Progressive Care's future price can be derived by breaking down and analyzing its technical indicators over time. Progressive OTC Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Progressive Care. In general, you should focus on analyzing Progressive OTC Stock price patterns and their correlations with different microeconomic environments and drivers.
Progressive Care Predictive Forecast Models
Progressive Care's time-series forecasting models is one of many Progressive Care's otc 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 Progressive Care'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 otc stock market movement and maximize returns from investment trading.
Things to note about Progressive Care
Checking the ongoing alerts about Progressive Care for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Progressive Care help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Progressive Care is not yet fully synchronised with the market data | |
| Progressive Care is way too risky over 90 days horizon | |
| Progressive Care appears to be risky and price may revert if volatility continues | |
| Progressive Care has a very high chance of going through financial distress in the upcoming years | |
| Progressive Care currently holds 3.11 M in liabilities. Progressive Care has a current ratio of 0.58, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Progressive Care until it has trouble settling it off, either with new capital or with free cash flow. So, Progressive Care's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Progressive Care sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Progressive to invest in growth at high rates of return. When we think about Progressive Care's use of debt, we should always consider it together with cash and equity. | |
| Progressive Care currently holds about 2.23 M in cash with (757.93 K) of positive cash flow from operations. | |
| Roughly 14.0% of the company outstanding shares are owned by corporate insiders |
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Other Consideration for investing in Progressive OTC Stock
If you are still planning to invest in Progressive Care check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Progressive Care's history and understand the potential risks before investing.
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