Wall Street Analysts See an 83.56 percent Upside in Si-Bone Can the Stock Really Move This High?
| SIBN Stock | USD 17.47 0.37 2.07% |
About 61% of Si Bone's investor base is looking to short. The analysis of overall sentiment of trading Si Bone stock suggests that many investors are alarmed at this time. Si Bone's investing sentiment overview a quick insight into current market opportunities from investing in Si Bone. Many technical investors use Si Bone stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
SIBN |
The consensus price target hints at an 83.6 percent upside potential for Si-Bone . While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Read at finance.yahoo.com
 |
Si Bone Fundamental Analysis
We analyze Si Bone's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Si Bone using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Si Bone based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Beta
Beta Comparative Analysis
Si Bone is currently under evaluation in beta category among its peers. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Si Bone Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Si Bone stock to make a market-neutral strategy. Peer analysis of Si Bone could also be used in its relative valuation, which is a method of valuing Si Bone by comparing valuation metrics with similar companies.
Peers
Si Bone Related Equities
| AXGN | Axogen | 11.66 | ||||
| ESTA | Establishment Labs | 5.32 | ||||
| CNMD | CONMED | 1.24 | ||||
| RPID | Rapid Micro | 0.71 | ||||
| ITGR | Integer Holdings | 0.60 | ||||
| TMCI | Treace Medical | 0.21 | ||||
| RXST | Rxsight | 0.27 | ||||
| IRMD | Iradimed | 0.96 | ||||
| TCMD | Tactile Systems | 1.00 | ||||
| NPCE | Neuropace | 1.82 | ||||
| KIDS | Orthopediatrics Corp | 2.30 | ||||
| LUNG | Pulmonx Corp | 2.69 | ||||
| SGHT | Sight Sciences | 2.77 | ||||
| OFIX | Orthofix Medical | 3.53 |
Check out Si Bone Hype Analysis, Si Bone Correlation and Si Bone Performance. To learn how to invest in SIBN Stock, please use our How to Invest in Si Bone guide.You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Is Health Care Equipment & Supplies 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 Si Bone. If investors know SIBN 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 Si Bone listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Si Bone is measured differently than its book value, which is the value of SIBN that is recorded on the company's balance sheet. Investors also form their own opinion of Si Bone's value that differs from its market value or its book value, called intrinsic value, which is Si Bone'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 Si Bone's market value can be influenced by many factors that don't directly affect Si Bone'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 Si Bone's value and its price as these two are different measures arrived at by different means. Investors typically determine if Si Bone is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Si Bone'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.