Second Sight Medical Probability of Future Stock Price Finishing Under 1.02
EYESDelisted Stock | USD 4.14 0.20 4.61% |
Second |
Second Sight Target Price Odds to finish below 1.02
The tendency of Second 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 drop to $ 1.02 or more in 90 days |
4.14 | 90 days | 1.02 | near 1 |
Based on a normal probability distribution, the odds of Second Sight to drop to $ 1.02 or more in 90 days from now is near 1 (This Second Sight Medical probability density function shows the probability of Second Stock to fall within a particular range of prices over 90 days) . Probability of Second Sight Medical price to stay between $ 1.02 and its current price of $4.14 at the end of the 90-day period is near 1 .
Given the investment horizon of 90 days Second Sight has a beta of 0.21 suggesting as returns on the market go up, Second Sight average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Second Sight Medical will be expected to be much smaller as well. Additionally Second Sight Medical has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Second Sight Price Density |
Price |
Predictive Modules for Second Sight
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Second Sight Medical. 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 Second Sight's 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.
Second Sight Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Second Sight is not an exception. The market had few large corrections towards the Second Sight'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 Second Sight Medical, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Second Sight within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.54 | |
β | Beta against NYSE Composite | 0.21 | |
σ | Overall volatility | 0.82 | |
Ir | Information ratio | -0.11 |
Second Sight 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 Second Sight for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Second Sight Medical can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.Second Sight Medical is not yet fully synchronised with the market data | |
Second Sight Medical has a very high chance of going through financial distress in the upcoming years | |
The company reported the previous year's revenue of 497 K. Net Loss for the year was (8.29 M) with profit before overhead, payroll, taxes, and interest of 130 K. | |
Second Sight Medical currently holds about 59.6 M in cash with (10.38 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.51. | |
Roughly 29.0% of the company shares are held by company insiders |
Second Sight 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 Second Stock often depends not only on the future outlook of the current and potential Second Sight'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. Second Sight's indicators that are reflective of the short sentiment are summarized in the table below.
Shares Percent Shares Out | 3.03% | |
Short Percent Of Float | 4.25% | |
Float Shares | 28.13M | |
Shares Short Prior Month | 1.37M | |
Average Daily Volume Last 10 Day | 112.13k | |
Average Daily Volume In Three Month | 77.05k | |
Date Short Interest | 15th of July 2022 |
Second Sight Technical Analysis
Second Sight's future price can be derived by breaking down and analyzing its technical indicators over time. Second Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Second Sight Medical. In general, you should focus on analyzing Second Stock price patterns and their correlations with different microeconomic environments and drivers.
Second Sight Predictive Forecast Models
Second Sight's time-series forecasting models is one of many Second Sight'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 Second Sight'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 Second Sight Medical
Checking the ongoing alerts about Second Sight for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Second Sight Medical help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Second Sight Medical is not yet fully synchronised with the market data | |
Second Sight Medical has a very high chance of going through financial distress in the upcoming years | |
The company reported the previous year's revenue of 497 K. Net Loss for the year was (8.29 M) with profit before overhead, payroll, taxes, and interest of 130 K. | |
Second Sight Medical currently holds about 59.6 M in cash with (10.38 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.51. | |
Roughly 29.0% of the company shares are held by company insiders |
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Second Sight Medical information on this page should be used as a complementary analysis to other Second Sight's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Other Consideration for investing in Second Stock
If you are still planning to invest in Second Sight Medical 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 Second Sight's history and understand the potential risks before investing.
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