Perrigo Stock Odds of Future Stock Price Finishing Over 38.09

PRGO
 Stock
  

USD 38.09  0.52  1.35%   

Perrigo's future price is the expected price of Perrigo 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 performance during a given time horizon utilizing its historical volatility.
  
Perrigo's implied volatility is one of the determining factors in the pricing options written on Perrigo Company. Implied volatility approximates the future value of Perrigo 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 over a specific time period. For example, 2022-10-21 CALL at $37.5 is a CALL option contract on Perrigo's common stock with a strick price of 37.5 expiring on 2022-10-21. The contract was last traded on 2022-09-22 at 10:41:56 for $2.15 and, as of today, has 27 days remaining before the expiration. The option is currently trading at a bid price of $1.95, and an ask price of $2.15. The implied volatility as of the 24th of September is 42.6155. View All Perrigo options

Closest to current price Perrigo long CALL Option Payoff at Expiration

Please check Perrigo Backtesting, Perrigo Valuation, Perrigo Correlation, Perrigo Hype Analysis, Perrigo Volatility, Perrigo History as well as Perrigo Performance. Please specify Perrigo time horizon, a valid symbol (red box) and a target price (blue box) you would like Perrigo odds to be computed.

Perrigo Target Price Odds to finish over 38.09

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 above the current price in 90 days
 38.09 90 days 38.09 
over 95.27
Based on a normal probability distribution, the odds of Perrigo to move above the current price in 90 days from now is over 95.27 (This Perrigo Company probability density function shows the probability of Perrigo Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days Perrigo has a beta of 0.82 indicating as returns on the market go up, Perrigo average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Perrigo Company will be expected to be much smaller as well. Additionally The company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Perrigo Company is significantly underperforming DOW.
   Perrigo Price Density   
       Price  

Predictive Modules for Perrigo

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 or bond 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, frequently view the market will even out over time. This tendency of Perrigo'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. Please use the tools below to analyze the current value of Perrigo in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
37.0638.6940.32
Details
Intrinsic
Valuation
LowReal ValueHigh
34.7852.7154.34
Details
14 Analysts
Consensus
LowTarget PriceHigh
70.0094.27125.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Perrigo. Your research has to be compared to or analyzed against Perrigo's peers to derive any actionable benefits. When done correctly, Perrigo's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Perrigo Company.

Perrigo Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Perrigo is not an exception. The market had few large corrections towards the Perrigo'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, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Perrigo within the framework of very fundamental risk indicators.
α
Alpha over DOW
-0.02
β
Beta against DOW0.82
σ
Overall volatility
1.46
Ir
Information ratio -0.0062

Perrigo 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 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.
Perrigo Company generated a negative expected return over the last 90 days
The company reported the previous year's revenue of 4.2 B. Net Loss for the year was (135 M) with profit before overhead, payroll, taxes, and interest of 1.42 B.
On 20th of September 2022 Perrigo paid $ 0.26 per share dividend to its current shareholders
Latest headline from www.nasdaq.com: FDA Panel to Review Perrigos OTC Birth Control Pill - Nasdaq

Perrigo 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'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's indicators that are reflective of the short sentiment are summarized in the table below.
Shares Percent Shares Out3.97%
Trailing Annual Dividend Rate0.90
Short Percent Of Float5.00%
Float Shares133.87M
Shares Short Prior Month6.06M
Average Daily Volume Last 10 Day1.11M
Average Daily Volume In Three Month1.26M
Date Short Interest15th of July 2022
Trailing Annual Dividend Yield2.27%

Perrigo Technical Analysis

Perrigo'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. In general, you should focus on analyzing Perrigo Stock price patterns and their correlations with different microeconomic environments and drivers.

Perrigo Predictive Forecast Models

Perrigo time-series forecasting models is one of many Perrigo's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae 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. These non-stationary Perrigo'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 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.

Perrigo Alerts

Perrigo Alerts and Suggestions

Perrigo Company generated a negative expected return over the last 90 days
The company reported the previous year's revenue of 4.2 B. Net Loss for the year was (135 M) with profit before overhead, payroll, taxes, and interest of 1.42 B.
On 20th of September 2022 Perrigo paid $ 0.26 per share dividend to its current shareholders
Latest headline from www.nasdaq.com: FDA Panel to Review Perrigos OTC Birth Control Pill - Nasdaq
Please check Perrigo Backtesting, Perrigo Valuation, Perrigo Correlation, Perrigo Hype Analysis, Perrigo Volatility, Perrigo History as well as Perrigo Performance. Note that the Perrigo Company information on this page should be used as a complementary analysis to other Perrigo'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 Price Transformation module to use Price Transformation models to analyze depth of different equity instruments across global markets.

Complementary Tools for Perrigo Stock analysis

When running Perrigo Company price analysis, check to measure Perrigo'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 is operating at the current time. Most of Perrigo's value examination focuses on studying past and present price action to predict the probability of Perrigo's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Perrigo's price. Additionally, you may evaluate how the addition of Perrigo to your portfolios can decrease your overall portfolio volatility.
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Is Perrigo'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. 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 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 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's value that differs from its market value or its book value, called intrinsic value, which is Perrigo'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's market value can be influenced by many factors that don't directly affect Perrigo'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's value and its price as these two are different measures arrived at by different means. Investors typically determine Perrigo value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Perrigo'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.