Chembio Stock Future Price Prediction

CEMI
 Stock
  

USD 1.03  0.07  6.36%   

Chembio Diagnostics stock price prediction is an act of determining the future value of Chembio Diagnostics shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation. The successful prediction of Chembio Diagnostics' future price could yield a significant profit. Please, note that this module is not intended to be used solely to calculate an intrinsic value of Chembio Diagnostics and does not consider all of the tangible or intangible factors available from Chembio Diagnostics' fundamental data. We analyze noise-free headlines and recent hype associated with Chembio Diagnostics, which may create opportunities for some arbitrage if properly timed.
Continue to Chembio Diagnostics Basic Forecasting Models to cross-verify your projections.
  
It is a matter of debate whether stock price prediction based on information in financial news can generate a strong buy or sell signal. We use our internally-built news screening methodology to estimate the value of Chembio Diagnostics based on different types of headlines from major news networks to social media. The Chembio stock price prediction module provides an analysis of price elasticity to changes in media outlook on Chembio Diagnostics over a specific investment horizon.
EPS Estimate Next Quarter
-0.19
EPS Estimate Current Year
-0.9
Wall Street Target Price
8.0
EPS Estimate Current Quarter
-0.19
Quarterly Revenue Growth YOY
1.16
Using Chembio Diagnostics hype-based prediction, you can estimate the value of Chembio Diagnostics from the perspective of Chembio Diagnostics response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards Chembio Diagnostics using Chembio Diagnostics' stock options and short interest. It helps to benchmark the overall future attitude of investors towards Chembio using crowd psychology based on the activity and movement of Chembio Diagnostics' stock price.
Chembio Diagnostics Calculated Tax Rate is most likely to increase significantly in the upcoming years. The last year's value of Calculated Tax Rate was reported at 43.06. The current PPandE Turnover is estimated to increase to 5.55, while Receivables Turnover is projected to decrease to 6.10.

Chembio Diagnostics Implied Volatility

    
  309.72  
Chembio Diagnostics' implied volatility exposes the market's sentiment of Chembio Diagnostics stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Chembio Diagnostics' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Chembio Diagnostics stock will not fluctuate a lot when Chembio Diagnostics' options are near their expiration.
This module is based on analyzing investor sentiment around taking a position in Chembio Diagnostics. This speculative approach is based exclusively on the idea that markets are driven by emotions such as investor fear and greed. The fear of missing out, i.e., FOMO, can cause potential investors in Chembio Diagnostics to buy its stock at a price that has no basis in reality. In that case, they are not buying Chembio because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.

Chembio Diagnostics after-hype prediction price

    
  $ 1.0  
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Chembio Diagnostics' 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 Chembio Diagnostics in the context of predictive analytics.
Intrinsic
Valuation
LowReal ValueHigh
0.040.909.16
Details
Naive
Forecast
LowNext ValueHigh
0.0240931.209.47
Details
Earnings
Estimates (1)
LowProjected EPSHigh
-1.04-1.04-1.04
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Chembio Diagnostics. Your research has to be compared to or analyzed against Chembio Diagnostics' peers to derive any actionable benefits. When done correctly, Chembio Diagnostics' 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 Chembio Diagnostics.

Chembio Diagnostics After-Hype Price Prediction Density Analysis

As far as predicting the price of Chembio Diagnostics at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Chembio Diagnostics or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many smart people who confused the symmetrical distributions of stock prices, such as prices of Chembio Diagnostics, with the unreliable approximations that try to describe financial returns.
   Next price density   
       Expected price to next headline  

Chembio Diagnostics Estimiated After-Hype Price Volatility

In the context of predicting Chembio Diagnostics' stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Chembio Diagnostics' historical news coverage. Chembio Diagnostics' after-hype downside and upside margins for the prediction period are 0.05 and 9.27, respectively. We have considered Chembio Diagnostics' daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value 1.03
1.00
After-hype Price
9.27
Upside
Chembio Diagnostics is out of control asset. Analysis and calculation of next after-hype price of Chembio Diagnostics is based on 3 months time horizon.

Chembio Diagnostics Stock Price Prediction Analysis

Have you ever been surprised when a price of a company such as Chembio Diagnostics is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Chembio Diagnostics backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Chembio Diagnostics, there might be something going there, and it might present an excellent short sale opportunity.
Expected ReturnPeriod VolatilityHype ElasticityRelated ElasticityNews DensityRelated DensityExpected Hype
 1.53  8.19   0.03   0.21  6 Events / Month9 Events / MonthIn about 6 days
Latest traded priceExpected after-news pricePotential return on next major newsAverage after-hype volatility
1.031.002.91 
40,950  

Chembio Diagnostics Hype Timeline

Chembio Diagnostics is currently traded for 1.03. The entity has historical hype elasticity of -0.03 and average elasticity to hype of competition of 0.21. Chembio is expected to decline in value after the next headline with price expected to drop to 1.0. The average volatility ofmedia hypeimpact on the company stock price is over 100%. The price decrease on the next newsis expected to be -2.91% whereas the daily expected return is currently at 1.53%. The volatility of related hype on Chembio Diagnostics is about 6022.06% with expected price after next announcement by competition of 1.24. The company has price-to-book (P/B) ratio of 0.69. Some equities with similar Price to Book (P/B) outperform the market in the long run. Chembio Diagnostics recorded a loss per share of 1.24. The entity had not issued any dividends in recent years. The firm had 1:8 split on the 30th of May 2012. Given the investment horizon of 90 days the next expectedpress releasewill be in about 6 days.
Continue to Chembio Diagnostics Basic Forecasting Models to cross-verify your projections.

Chembio Diagnostics Related Hype Analysis

Having access to credible news sources related to Chembio Diagnostics' direct competition is more important than ever and may enhance your ability to predict Chembio Diagnostics' future price movements. Getting to know how Chembio Diagnostics rivals react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Chembio Diagnostics may potentially react to the hype associated with one of its peers.
Hype
Elasticity
News
Density
Semi
Deviation
Information
Ratio
Potential
Upside
Value
At Risk
Maximum
Drawdown
AAgilent Technologies(1.26) 6 per month 2.24  0.06  4.22 (3.29)  8.98 
VRMVroom Inc(0.04) 6 per month 7.07  0.12  18.49 (10.06)  52.59 
LZBLa-Z-Boy 0.63 7 per month 2.33  0.06  3.67 (4.47)  13.54 
RIOTRiot Blockchain(0.15) 8 per month 0.00 (0.0153)  11.85 (10.06)  27.36 
BBBYBed Bath Beyond 0.04 7 per month 7.28  0.0133  14.71 (9.94)  33.75 
RDBXRedbox Entertainment 0.46 8 per month 13.06  0.0354  35.76 (18.73)  96.48 
BBBlackberry(0.07) 8 per month 4.10  0.07  7.08 (6.63)  21.56 
BCSBarclays Plc ADR(0.09) 6 per month 2.39  0.0468  4.14 (3.86)  10.74 
TATT Inc(0.69) 8 per month 0.00 (0.0458)  2.00 (2.45)  10.60 
MSFTMicrosoft Corp 2.53 7 per month 0.00  0.0106  2.97 (4.24)  7.83 

Chembio Diagnostics Additional Predictive Modules

Most predictive techniques to examine Chembio price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Chembio using various technical indicators. When you analyze Chembio charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Chembio Diagnostics Predictive Indicators

The successful prediction of Chembio Diagnostics stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Chembio Diagnostics, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Chembio Diagnostics based on analysis of Chembio Diagnostics hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Chembio Diagnostics's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Chembio Diagnostics's related companies.
 2021 2022 (projected)
Long Term Debt to Equity0.520.56
Interest Coverage825.06890.19

Story Coverage note for Chembio Diagnostics

The number of cover stories for Chembio Diagnostics depends on current market conditions and Chembio Diagnostics' risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Chembio Diagnostics is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Chembio Diagnostics' long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.

Chembio Diagnostics Short Properties

Chembio Diagnostics' future price predictability will typically decrease when Chembio Diagnostics' long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Chembio Diagnostics often depends not only on the future outlook of the potential Chembio Diagnostics' 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. Chembio Diagnostics' indicators that are reflective of the short sentiment are summarized in the table below.
Shares Percent Shares Out4.95%
Short Percent Of Float5.02%
Float Shares28.45M
Shares Short Prior Month1.69M
Average Daily Volume Last 10 Day4.03M
Average Daily Volume In Three Month785.71k
Date Short Interest15th of July 2022
Continue to Chembio Diagnostics Basic Forecasting Models to cross-verify your projections. Note that the Chembio Diagnostics information on this page should be used as a complementary analysis to other Chembio Diagnostics' 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 Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

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Is Chembio Diagnostics' 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 Chembio Diagnostics. If investors know Chembio 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 Chembio Diagnostics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
33.2 M
Quarterly Revenue Growth YOY
1.16
Return On Assets
-0.26
Return On Equity
-1.53
The market value of Chembio Diagnostics is measured differently than its book value, which is the value of Chembio that is recorded on the company's balance sheet. Investors also form their own opinion of Chembio Diagnostics' value that differs from its market value or its book value, called intrinsic value, which is Chembio Diagnostics' 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 Chembio Diagnostics' market value can be influenced by many factors that don't directly affect Chembio Diagnostics' 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 Chembio Diagnostics' value and its price as these two are different measures arrived at by different means. Investors typically determine Chembio Diagnostics value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chembio Diagnostics' 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.