Arjo AB : Technically solid
Entry price | Target | Stop-loss | Potential |
---|
SEK 45.82 |
SEK 55 |
SEK 40 |
+20.03% |
---|
Arjo AB (publ)'s shares display attractive technical aspects to anticipate a comeback of the underlying trend.
Summary● The company has solid fundamentals for a short-term investment strategy.
Strengths● 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 SEK 45 SEK in weekly data.
● Over the last twelve months, the sales forecast has been frequently revised upwards.
● The tendency within the weekly time frame is positive above the technical support level at 45 SEK
Weaknesses● The group shows a rather high level of debt in proportion to its EBITDA.
● The group usually releases earnings worse than estimated.
● The company is not the most generous with respect to shareholders' compensation.
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