Pliant Therapeutics Stock Forecast - Simple Moving Average

PLRX Stock  USD 13.49  0.15  1.12%   
The Simple Moving Average forecasted value of Pliant Therapeutics on the next trading day is expected to be 13.41 with a mean absolute deviation of 0.46 and the sum of the absolute errors of 27.30. Pliant Stock Forecast is based on your current time horizon.
  
Payables Turnover is likely to rise to 2.20 in 2024, whereas Receivables Turnover is likely to drop 0.50 in 2024. . Common Stock Shares Outstanding is likely to drop to about 41.1 M in 2024. Net Loss is likely to rise to about (105.4 M) in 2024.
A two period moving average forecast for Pliant Therapeutics is based on an daily price series in which the stock price on a given day is replaced by the mean of that price and the preceding price. This model is best suited to price patterns experiencing average volatility.

Pliant Therapeutics Simple Moving Average Price Forecast For the 25th of December

Given 90 days horizon, the Simple Moving Average forecasted value of Pliant Therapeutics on the next trading day is expected to be 13.41 with a mean absolute deviation of 0.46, mean absolute percentage error of 0.38, and the sum of the absolute errors of 27.30.
Please note that although there have been many attempts to predict Pliant Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Pliant Therapeutics' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Pliant Therapeutics Stock Forecast Pattern

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Pliant Therapeutics Forecasted Value

In the context of forecasting Pliant Therapeutics' Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Pliant Therapeutics' downside and upside margins for the forecasting period are 9.33 and 17.50, respectively. We have considered Pliant Therapeutics' daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Market Value
13.49
13.41
Expected Value
17.50
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of Pliant Therapeutics stock data series using in forecasting. Note that when a statistical model is used to represent Pliant Therapeutics stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.
AICAkaike Information Criteria113.4672
BiasArithmetic mean of the errors -0.0679
MADMean absolute deviation0.4628
MAPEMean absolute percentage error0.0334
SAESum of the absolute errors27.305
The simple moving average model is conceptually a linear regression of the current value of Pliant Therapeutics price series against current and previous (unobserved) value of Pliant Therapeutics. In time series analysis, the simple moving-average model is a very common approach for modeling univariate price series models including forecasting prices into the future

Predictive Modules for Pliant Therapeutics

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Pliant Therapeutics. 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.
Hype
Prediction
LowEstimatedHigh
9.1713.2917.41
Details
Intrinsic
Valuation
LowRealHigh
12.1421.7025.82
Details
13 Analysts
Consensus
LowTargetHigh
42.3846.5751.69
Details
Earnings
Estimates (0)
LowProjected EPSHigh
-1.24-0.98-0.78
Details

Other Forecasting Options for Pliant Therapeutics

For every potential investor in Pliant, whether a beginner or expert, Pliant Therapeutics' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Pliant Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Pliant. Basic forecasting techniques help filter out the noise by identifying Pliant Therapeutics' price trends.

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 Risk & Return  Correlation

Pliant Therapeutics Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Pliant Therapeutics' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Pliant Therapeutics' current price.

Pliant Therapeutics Market Strength Events

Market strength indicators help investors to evaluate how Pliant Therapeutics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Pliant Therapeutics shares will generate the highest return on investment. By undertsting and applying Pliant Therapeutics stock market strength indicators, traders can identify Pliant Therapeutics entry and exit signals to maximize returns.

Pliant Therapeutics Risk Indicators

The analysis of Pliant Therapeutics' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Pliant Therapeutics' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting pliant stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

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Additional Tools for Pliant Stock Analysis

When running Pliant Therapeutics' price analysis, check to measure Pliant Therapeutics' 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 Pliant Therapeutics is operating at the current time. Most of Pliant Therapeutics' value examination focuses on studying past and present price action to predict the probability of Pliant Therapeutics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pliant Therapeutics' price. Additionally, you may evaluate how the addition of Pliant Therapeutics to your portfolios can decrease your overall portfolio volatility.