The movement to the downside is still in force and should gain in strength over the next trading sessions based on our expectations. Investors should open a short trade and target the $ 11.5.
In view of fundamental criteria, the company is among low performers as far as mid or long-term investment strategy is concerned.
For a short-term investment strategy, the company has poor fundamentals.
The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at USD 10.78 USD in weekly data.
Share prices are approaching a strong support area in daily data, which offers good timing for investors.
The company is one of the best yield companies with high dividend expectations.
The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
According to Thomson-Reuters' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
The group shows a rather high level of debt in proportion to its EBITDA.
The company's earnings releases usually do not meet expectations.
For the last four months, the sales outlook for the coming years has been revised downwards. No recovery of the group's activities is yet foreseen.
For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts.
For the last four months, earnings estimated by analysts have been revised downwards with respect to the next two years.
For the last 12 months, analysts have been regularly downgrading their EPS expectations. Analysts predict worse results for the company against their predictions a year ago.
The underlying tendency is negative on the weekly chart below the resistance at 18.76 USD