Perrigo Company Plc Stock Probability of Future Stock Price Finishing Over 125.0

PRGO Stock  USD 31.46  0.66  2.14%   
Perrigo Company's implied volatility is one of the determining factors in the pricing options written on Perrigo Company PLC. Implied volatility approximates the future value of Perrigo Company based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in Perrigo Company PLC over a specific time period. For example, 2024-04-19 CALL at $32.5 is a CALL option contract on Perrigo Company's common stock with a strick price of 32.5 expiring on 2024-04-19. The contract was last traded on 2024-03-27 at 15:56:15 for $0.5 and, as of today, has 22 days remaining before the expiration. The option is currently trading at a bid price of $0.4, and an ask price of $0.55. The implied volatility as of the 28th of March is 29.29. View All Perrigo options

Closest to current price Perrigo long CALL Option Payoff at Expiration

Perrigo Company's future price is the expected price of Perrigo Company 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 Perrigo Company PLC performance during a given time horizon utilizing its historical volatility. Check out Perrigo Company Backtesting, Perrigo Company Valuation, Perrigo Company Correlation, Perrigo Company Hype Analysis, Perrigo Company Volatility, Perrigo Company History as well as Perrigo Company Performance.
  
As of the 28th of March 2024, Price Earnings To Growth Ratio is likely to grow to 3.99, though Price Earnings Ratio is likely to grow to (325.69). Please specify Perrigo Company's target price for which you would like Perrigo Company odds to be computed.

Perrigo Company Target Price Odds to finish over 125.0

The tendency of Perrigo 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 move over $ 125.00  or more in 90 days
 31.46 90 days 125.00 
close to zero percent
Based on a normal probability distribution, the odds of Perrigo Company to move over $ 125.00  or more in 90 days from now is close to zero percent (This Perrigo Company PLC probability density function shows the probability of Perrigo Stock to fall within a particular range of prices over 90 days) . Probability of Perrigo Company price to stay between its current price of $ 31.46  and $ 125.00  at the end of the 90-day period is about 46.82 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.02 indicating Perrigo Company PLC market returns are highly reactive to returns on the market. As the market goes up or down, Perrigo Company is expected to follow. Additionally Perrigo Company PLC has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
   Perrigo Company Price Density   
       Price  

Predictive Modules for Perrigo Company

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Perrigo Company. 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 Perrigo Company'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.
Hype
Prediction
LowEstimatedHigh
28.9131.4634.01
Details
Intrinsic
Valuation
LowRealHigh
28.3139.5342.08
Details
Naive
Forecast
LowNextHigh
29.1531.7034.25
Details
5 Analysts
Consensus
LowTargetHigh
44.5949.0054.39
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Perrigo Company. Your research has to be compared to or analyzed against Perrigo Company's peers to derive any actionable benefits. When done correctly, Perrigo Company's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Perrigo Company.

Perrigo Company Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Perrigo Company is not an exception. The market had few large corrections towards the Perrigo Company'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 Perrigo Company PLC, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Perrigo Company within the framework of very fundamental risk indicators.
α
Alpha over NYSE Composite
-0.09
β
Beta against NYSE Composite1.02
σ
Overall volatility
1.88
Ir
Information ratio -0.03

Perrigo Company 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 Perrigo Company for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Perrigo Company can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
The company reported the previous year's revenue of 4.66 B. Net Loss for the year was (12.7 M) with profit before overhead, payroll, taxes, and interest of 1.46 B.
Over 99.0% of the company shares are owned by institutional investors
On 26th of March 2024 Perrigo Company paid $ 0.276 per share dividend to its current shareholders
Latest headline from aol.com: New Mexico Medicaid to cover first over-the-counter birth control pill in U.S.

Perrigo Company 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 Perrigo Stock often depends not only on the future outlook of the current and potential Perrigo Company'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. Perrigo Company's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding135.3 M
Cash And Short Term Investments751.3 M

Perrigo Company Technical Analysis

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

Perrigo Company Predictive Forecast Models

Perrigo Company's time-series forecasting models is one of many Perrigo Company'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 Perrigo Company'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 Perrigo Company

Checking the ongoing alerts about Perrigo Company for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Perrigo Company help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
The company reported the previous year's revenue of 4.66 B. Net Loss for the year was (12.7 M) with profit before overhead, payroll, taxes, and interest of 1.46 B.
Over 99.0% of the company shares are owned by institutional investors
On 26th of March 2024 Perrigo Company paid $ 0.276 per share dividend to its current shareholders
Latest headline from aol.com: New Mexico Medicaid to cover first over-the-counter birth control pill in U.S.
When determining whether Perrigo Company offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Perrigo Company's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Perrigo Company Plc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Perrigo Company Plc Stock:
Check out Perrigo Company Backtesting, Perrigo Company Valuation, Perrigo Company Correlation, Perrigo Company Hype Analysis, Perrigo Company Volatility, Perrigo Company History as well as Perrigo Company Performance.
Note that the Perrigo Company information on this page should be used as a complementary analysis to other Perrigo Company'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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

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When running Perrigo Company's price analysis, check to measure Perrigo Company'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 Perrigo Company is operating at the current time. Most of Perrigo Company's value examination focuses on studying past and present price action to predict the probability of Perrigo Company's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Perrigo Company's price. Additionally, you may evaluate how the addition of Perrigo Company to your portfolios can decrease your overall portfolio volatility.
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Is Perrigo Company's industry 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 Perrigo Company. If investors know Perrigo 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 Perrigo Company listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.64)
Dividend Share
1.092
Earnings Share
(0.03)
Revenue Per Share
34.409
Quarterly Revenue Growth
0.001
The market value of Perrigo Company is measured differently than its book value, which is the value of Perrigo that is recorded on the company's balance sheet. Investors also form their own opinion of Perrigo Company's value that differs from its market value or its book value, called intrinsic value, which is Perrigo Company'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 Perrigo Company's market value can be influenced by many factors that don't directly affect Perrigo Company'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 Perrigo Company's value and its price as these two are different measures arrived at by different means. Investors typically determine if Perrigo Company is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Perrigo Company'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.