Fundamental Analysis for ProShares UltrPro QQQ (TQQQ:NSD) is Bullish

Stock Target Advisor’s own stock analysis of TQQQ Stock Forecast is Bullish , which is based on 4 positive signals and 1 negative signals. At the last closing, ProShares UltraPro QQQ’s stock price was USD 21.02ProShares UltraPro QQQ’s stock price has changed by -4.17% over the past week, -9.22% over the past month and -69.62% over the last year.

Stock forecasts from 8 Crowd Analysts, has the average Crowd Analyst price target for TQQQ’s stock at $22.38 over the next 12 months. ProShares Ultra average Crowd Analyst rating is a Hold.

 

About ProShares UltraPro QQQ (TQQQ:NSD):

The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the fund’s investment objective. The index includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on market capitalization. The fund is non-diversified.

 

What we like:

(Bullish Signals)

High market capitalization:

TQQQ stock is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Superior risk adjusted returns:

TQQQ stock has performed well, on a risk adjusted basis, compared to its sector peers (for a hold period of at least 12 months) and is in the top quartile.

Superior total returns:

TQQQ stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.

High dividend returns:

TQQQ stock has outperformed its sector peers on average annual dividend returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile. This can be a good buy, especially if it is outperforming on total return basis, for investors seeking high income yields.

 

What we don’t like:

(Bearish Signals)

High volatility:

The total returns for TQQQ stock are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.