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The stock price that would be you consider appropriate is $78.31.
What is the stock price?
- A stock price is the cost of one equity share among many sellable shares of a corporation.
- The stock price, put simply, is the highest price someone is willing to pay for the stock or the lowest price at which it can be purchased.
- Analysts utilize random walk approaches to describe the behavior of asset prices, particularly stock prices on stock markets, in economics and financial theory.
- This technique is based on the assumption that investors behave in a neutral, unbiased manner and constantly appraise the value of assets based on expectations for the future.
- Under these circumstances, the price is influenced by all available information and is only altered by the release of fresh information.
We know that
Stock price = earnings per share × benchmark PE
Stock price = 4.25 × 19.4
Stock price = $78.31
To learn more about Stock price with the given link
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