Is Prom doing well?
No, since July 30, 2022, Prom has been continually going down, decreasing 32.7 percent. The 200-day line is +-30.35 percent away from where the price is now. It's -39.85 percent away from the 100-day line and -41.28 percent from the 50-day line.
The Prom Forecast for 2023
Let's look at the one-year forecast since it is the most accurate of the analysts' predictions.
Analysts offered a wide range of forecasts for the Prom price over the next year. The most optimistic forecast for the price target was $11.94, implying an 87 percent increase in 12 months, but the worst-case scenario anticipated a fall to as low as $9.20.
The most up-to-date average price target for the year ahead is $10.41.
That would represent a potential gain of 6.42 percent.
PROM - Relative Strength Forecast
PROM - Trend Prediction
PROM - Price Volatility Prediction
PROM - Relative Strength
PROM - Momentum Forecast
What Does the Future Hold for Prom In 2025-2030?
Prom's long-term prospects look promising. The average price target for Prom by the end of 2020 was $11.79, according to twelve analysts. Their five-year forecast projects the price of Prom to be $13.35 by 2025. By 2030, the long-term prediction is $16.09.