Locafy Stock Chance of Future Stock Price Finishing Over 3.03
| LCFY Stock | USD 3.03 0.28 10.18% |
Locafy |
Locafy Target Price Odds to finish over 3.03
The tendency of Locafy 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 above the current price in 90 days |
| 3.03 | 90 days | 3.03 | about 78.33 |
Based on a normal probability distribution, the odds of Locafy to move above the current price in 90 days from now is about 78.33 (This Locafy probability density function shows the probability of Locafy Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days Locafy has a beta of 0.0357. This indicates as returns on the market go up, Locafy average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Locafy will be expected to be much smaller as well. Additionally Locafy has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Locafy Price Density |
| Price |
Predictive Modules for Locafy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Locafy. 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 Locafy'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.
Locafy Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Locafy is not an exception. The market had few large corrections towards the Locafy'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 Locafy, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Locafy within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.82 | |
β | Beta against NYSE Composite | 0.04 | |
σ | Overall volatility | 0.97 | |
Ir | Information ratio | -0.13 |
Locafy 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 Locafy for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Locafy can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Locafy generated a negative expected return over the last 90 days | |
| Locafy has high historical volatility and very poor performance | |
| Locafy has a very high chance of going through financial distress in the upcoming years | |
| Locafy currently holds 719.34 K in liabilities. Locafy has a current ratio of 0.45, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Locafy's use of debt, we should always consider it together with its cash and equity. | |
| The entity reported the previous year's revenue of 5.38 M. Net Loss for the year was (3.89 M) with loss before overhead, payroll, taxes, and interest of (1.61 M). | |
| Locafy currently holds about 762.74 K in cash with (2.26 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.04. | |
| Locafy has a poor financial position based on the latest SEC disclosures | |
| Roughly 22.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Locafy Stock Price Down 1.7 percent - Defense World |
Locafy 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 Locafy Stock often depends not only on the future outlook of the current and potential Locafy'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. Locafy's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.1 M | |
| Cash And Short Term Investments | 3.2 M |
Locafy Technical Analysis
Locafy's future price can be derived by breaking down and analyzing its technical indicators over time. Locafy Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Locafy. In general, you should focus on analyzing Locafy Stock price patterns and their correlations with different microeconomic environments and drivers.
Locafy Predictive Forecast Models
Locafy's time-series forecasting models is one of many Locafy'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 Locafy'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 Locafy
Checking the ongoing alerts about Locafy for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Locafy help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Locafy generated a negative expected return over the last 90 days | |
| Locafy has high historical volatility and very poor performance | |
| Locafy has a very high chance of going through financial distress in the upcoming years | |
| Locafy currently holds 719.34 K in liabilities. Locafy has a current ratio of 0.45, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Locafy's use of debt, we should always consider it together with its cash and equity. | |
| The entity reported the previous year's revenue of 5.38 M. Net Loss for the year was (3.89 M) with loss before overhead, payroll, taxes, and interest of (1.61 M). | |
| Locafy currently holds about 762.74 K in cash with (2.26 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.04. | |
| Locafy has a poor financial position based on the latest SEC disclosures | |
| Roughly 22.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Locafy Stock Price Down 1.7 percent - Defense World |
Additional Tools for Locafy Stock Analysis
When running Locafy's price analysis, check to measure Locafy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Locafy is operating at the current time. Most of Locafy's value examination focuses on studying past and present price action to predict the probability of Locafy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Locafy's price. Additionally, you may evaluate how the addition of Locafy to your portfolios can decrease your overall portfolio volatility.