Does Speedway Motorsports have money to sustain growth?

On 31 of July the company is traded for 19.81. Speedway Motorsports has historical hype elasticity of 0.02. The average price elasticity to hype of competition is about 0.12. The entity is estimated to increase in value after the next headline with price going to jump to 19.82. The average volatility of media hype impact on Speedway Motorsports stock price is about 1200.0%. The price escalation on the next news is projected to be 0.1% where as daily expected return is at this time at 0.21%. The volatility of related hype on Speedway Motorsports is about 186.43% with expected price after next announcement by competition of 19.93. Considering 30-days investment horizon, the next estimated press release will be in about 8 days. We found thirty-eight available drivers for Speedway Motorsports which can be compared to its competition. To make sure the equity is not overpriced, please validate all Speedway Motorsports fundamentals including its Total Debt, Market Capitalization and the relationship between Gross Profit and Short Ratio . Given that Speedway Motorsports has Price to Earning of 15.78X, we advise you double-check Speedway Motorsports current market performance to make sure the company can sustain itself down the road. Use Speedway Motorsports to enhance returns of your portfolios. The stock experiences normal upward fluctuation. Check odds of Speedway Motorsports to be traded at $20.8 in 30 days.
Published over a year ago
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Reviewed by Vlad Skutelnik

On a scale of 0 to 100 Speedway Motorsports holds performance score of 13. The entity has beta of 0.0 which indicates the returns on MARKET and Speedway Motorsports are completely uncorrelated. Although it is extremely important to respect Speedway Motorsports current price movements, it is better to be realistic regarding the information on equity historical returns. The philosophy towards measuring future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By inspecting Speedway Motorsports technical indicators you can presently evaluate if the expected return of 0.2133% will be sustainable into the future. Please operates Speedway Motorsports Downside Variance, and the relationship between Total Risk Alpha and Accumulation Distribution to make a quick decision on weather Speedway Motorsports existing price patterns will revert.

Use Technical Analysis to project Speedway expected Price

Speedway Motorsports technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, delisted stock market cycles, or different charting patterns.
A focus of Speedway Motorsports technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Speedway Motorsports trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

A Deeper Perspective

The company currently falls under 'Small-Cap' category with total capitalization of 809.72M. The latest bullish price patterns experienced by current Speedway Motorsports shareholders has created some momentum for investors as it was traded today as low as 19.8 and as high as 19.82 per share. The company executives have been very successful with rebalancing the company components at opportune times to take advantage of market volatility in July. The stock standard deviation of daily returns for 30 days (very short) investing horizon is currently 1.0847. The below-average Stock volatility is a good sign for a longer term investment options and for buy-and-hold investors. Speedway Motorsports discloses 3.82x in short ratio. Speedway Motorsports is selling at 19.81. That is 0.05 percent up. Opened at 19.81. Speedway Motorsports Trade and Non Trade Receivables is fairly stable at the moment. Speedway Motorsports Dividend Yield is increasing over the last 5 years. The prevailing value of Speedway Motorsports Dividend Yield is 0.022805. Additionally, Speedway Motorsports Net Cash Flow or Change in Cash and Cash Equivalents is decreasing over the last 5 years.
 2015 2018 2019 (projected)
Speedway Motorsports Share Based Compensation 3,383,000  3,044,700  2,422,990 
Speedway Motorsports Net Cash Flow from Operations 116,581,000  90,409,000  51,900,000 
To summarize, we see that Speedway Motorsports Ignores market trends. The organization is overvalued with below average chance of distress within the next 24 months. Our current buy-hold-sell recommendation on the organization is Strong Hold.

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Editorial Staff

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