We can go buy morepen on minor pullbacks
Technical: the stock has surged more than 100% in 5 weeks. The price is back above 50-200 DMA. highest weekly volume since 2018. These are good signs
Fundamental:
This stock shows good sales and profit growth.
3 years of sales growth - 16.6%
3 years of profit growth - 18.9%
Margins are at 8%, there is more room for margin growth, their income has increased due to the minimization of debt(interest payments were eating up the profits). Debt is down by 90%(great sign). If the margins sustain or go higher we can see higher profits and further price appreciation
TTM earnings up 17%, there might be a negative earnings surprise in next quarter however if that doesn't happen, we can see higher prices
Technical: the stock has surged more than 100% in 5 weeks. The price is back above 50-200 DMA. highest weekly volume since 2018. These are good signs
Fundamental:
This stock shows good sales and profit growth.
3 years of sales growth - 16.6%
3 years of profit growth - 18.9%
Margins are at 8%, there is more room for margin growth, their income has increased due to the minimization of debt(interest payments were eating up the profits). Debt is down by 90%(great sign). If the margins sustain or go higher we can see higher profits and further price appreciation
TTM earnings up 17%, there might be a negative earnings surprise in next quarter however if that doesn't happen, we can see higher prices
Value doesn't move stock prices, people do by placing buy orders. Value is only part of the equation. Ultimately, you need demand - Mark Minervini