Legend Oil Gas Stock Probability of Future Pink Sheet Price Finishing Over 0.0
Legend Oil's future price is the expected price of Legend Oil 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 Legend Oil Gas performance during a given time horizon utilizing its historical volatility. Check out Legend Oil Backtesting, Legend Oil Valuation, Legend Oil Correlation, Legend Oil Hype Analysis, Legend Oil Volatility, Legend Oil History as well as Legend Oil Performance.
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Legend Oil 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 Legend Oil for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Legend Oil Gas can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Legend Oil Gas generated a negative expected return over the last 90 days | |
| Legend Oil Gas has some characteristics of a very speculative penny stock | |
| Legend Oil Gas has a very high chance of going through financial distress in the upcoming years | |
| The company has a current ratio of 0.53, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Legend Oil until it has trouble settling it off, either with new capital or with free cash flow. So, Legend Oil's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Legend Oil Gas sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Legend to invest in growth at high rates of return. When we think about Legend Oil's use of debt, we should always consider it together with cash and equity. | |
| Legend Oil Gas reported the previous year's revenue of 3.86 M. Net Loss for the year was (6.25 M) with profit before overhead, payroll, taxes, and interest of 768.04 K. | |
| Legend Oil Gas currently holds about 161.04 K in cash with (3.22 M) of positive cash flow from operations. |
Legend Oil 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 Legend Pink Sheet often depends not only on the future outlook of the current and potential Legend Oil'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. Legend Oil's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 658.8 M | |
| Cash And Short Term Investments | 161 K |
Legend Oil Technical Analysis
Legend Oil's future price can be derived by breaking down and analyzing its technical indicators over time. Legend Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Legend Oil Gas. In general, you should focus on analyzing Legend Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Legend Oil Predictive Forecast Models
Legend Oil's time-series forecasting models is one of many Legend Oil's pink sheet 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 Legend Oil'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 pink sheet market movement and maximize returns from investment trading.
Things to note about Legend Oil Gas
Checking the ongoing alerts about Legend Oil for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Legend Oil Gas help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Legend Oil Gas generated a negative expected return over the last 90 days | |
| Legend Oil Gas has some characteristics of a very speculative penny stock | |
| Legend Oil Gas has a very high chance of going through financial distress in the upcoming years | |
| The company has a current ratio of 0.53, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Legend Oil until it has trouble settling it off, either with new capital or with free cash flow. So, Legend Oil's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Legend Oil Gas sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Legend to invest in growth at high rates of return. When we think about Legend Oil's use of debt, we should always consider it together with cash and equity. | |
| Legend Oil Gas reported the previous year's revenue of 3.86 M. Net Loss for the year was (6.25 M) with profit before overhead, payroll, taxes, and interest of 768.04 K. | |
| Legend Oil Gas currently holds about 161.04 K in cash with (3.22 M) of positive cash flow from operations. |
Other Information on Investing in Legend Pink Sheet
Legend Oil financial ratios help investors to determine whether Legend Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Legend with respect to the benefits of owning Legend Oil security.