10x Genomics Stock Probability of Future Stock Price Finishing Under 16.47

TXG Stock  USD 14.86  1.22  7.59%   
10X Genomics' future price is the expected price of 10X Genomics instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of 10X Genomics performance during a given time horizon utilizing its historical volatility. Check out 10X Genomics Backtesting, 10X Genomics Valuation, 10X Genomics Correlation, 10X Genomics Hype Analysis, 10X Genomics Volatility, 10X Genomics History as well as 10X Genomics Performance.
For more detail on how to invest in 10X Stock please use our How to Invest in 10X Genomics guide.
  
At this time, 10X Genomics' Price To Sales Ratio is most likely to increase in the upcoming years. The 10X Genomics' current Price Sales Ratio is estimated to increase to 14.35, while Price Earnings Ratio is projected to decrease to (26.99). Please specify 10X Genomics' target price for which you would like 10X Genomics odds to be computed.

10X Genomics Target Price Odds to finish below 16.47

The tendency of 10X 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 PriceHorizonTarget PriceOdds to stay under $ 16.47  after 90 days
 14.86 90 days 16.47 
about 36.6
Based on a normal probability distribution, the odds of 10X Genomics to stay under $ 16.47  after 90 days from now is about 36.6 (This 10X Genomics probability density function shows the probability of 10X Stock to fall within a particular range of prices over 90 days) . Probability of 10X Genomics price to stay between its current price of $ 14.86  and $ 16.47  at the end of the 90-day period is about 17.23 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.3 . This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, 10X Genomics will likely underperform. Additionally 10X Genomics 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.
   10X Genomics Price Density   
       Price  

Predictive Modules for 10X Genomics

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as 10X Genomics. 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.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 10X Genomics' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
9.9514.5819.21
Details
Intrinsic
Valuation
LowRealHigh
13.3725.6330.26
Details
Naive
Forecast
LowNextHigh
12.6717.3121.94
Details
17 Analysts
Consensus
LowTargetHigh
54.9060.3366.97
Details

10X Genomics Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. 10X Genomics is not an exception. The market had few large corrections towards the 10X Genomics' 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 10X Genomics, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of 10X Genomics within the framework of very fundamental risk indicators.
α
Alpha over Dow Jones
-0.5
β
Beta against Dow Jones1.30
σ
Overall volatility
3.09
Ir
Information ratio -0.1

10X Genomics 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 10X Genomics for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for 10X Genomics can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
10X Genomics generated a negative expected return over the last 90 days
10X Genomics has high historical volatility and very poor performance
The company reported the last year's revenue of 618.73 M. Reported Net Loss for the year was (255.1 M) with profit before taxes, overhead, and interest of 396.02 M.
10X Genomics has about 499.73 M in cash with (15.2 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.39.
Over 96.0% of the company shares are owned by institutional investors
Latest headline from news.google.com: 46,029 Shares in 10x Genomics, Inc. Purchased by Weiss Asset Management LP - MarketBeat

10X Genomics 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 10X Stock often depends not only on the future outlook of the current and potential 10X Genomics' 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. 10X Genomics' indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding117.2 M
Cash And Short Term Investments388.7 M

10X Genomics Technical Analysis

10X Genomics' future price can be derived by breaking down and analyzing its technical indicators over time. 10X Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of 10X Genomics. In general, you should focus on analyzing 10X Stock price patterns and their correlations with different microeconomic environments and drivers.

10X Genomics Predictive Forecast Models

10X Genomics' time-series forecasting models is one of many 10X Genomics' 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 10X Genomics' 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 10X Genomics

Checking the ongoing alerts about 10X Genomics for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for 10X Genomics help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
10X Genomics generated a negative expected return over the last 90 days
10X Genomics has high historical volatility and very poor performance
The company reported the last year's revenue of 618.73 M. Reported Net Loss for the year was (255.1 M) with profit before taxes, overhead, and interest of 396.02 M.
10X Genomics has about 499.73 M in cash with (15.2 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.39.
Over 96.0% of the company shares are owned by institutional investors
Latest headline from news.google.com: 46,029 Shares in 10x Genomics, Inc. Purchased by Weiss Asset Management LP - MarketBeat
When determining whether 10X Genomics is a strong investment it is important to analyze 10X Genomics' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact 10X Genomics' future performance. For an informed investment choice regarding 10X Stock, refer to the following important reports:
Is Life Sciences Tools & Services 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 10X Genomics. If investors know 10X 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 10X Genomics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.52)
Revenue Per Share
5.261
Quarterly Revenue Growth
(0.01)
Return On Assets
(0.11)
Return On Equity
(0.25)
The market value of 10X Genomics is measured differently than its book value, which is the value of 10X that is recorded on the company's balance sheet. Investors also form their own opinion of 10X Genomics' value that differs from its market value or its book value, called intrinsic value, which is 10X Genomics' 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 10X Genomics' market value can be influenced by many factors that don't directly affect 10X Genomics' 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 10X Genomics' value and its price as these two are different measures arrived at by different means. Investors typically determine if 10X Genomics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 10X Genomics' 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.