Silver Lake Resources : There is still some upside potential
Entry price | Target | Stop-loss | Potential |
---|
A$1.59 |
A$1.89 |
A$1.38 |
+18.87% |
---|
Shares in Silver Lake Resources Limited show a positive technical chart pattern over the medium term. The timing to jump back on the rising trend seems good.
Summary● The company has poor fundamentals for a short-term investment strategy.
Strengths● The prospective high growth for the next fiscal years is among the main assets of the company
● The company returns high margins, thereby supporting business profitability.
● Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.
● Over the past year, analysts have regularly revised upwards their sales forecast for the company.
● Over the last seven days, analysts have been revising upwards their EPS estimates for the company.
● The tendency within the weekly time frame is positive above the technical support level at 1.02 AUD
Weaknesses● Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.
● The group usually releases earnings worse than estimated.
● The appreciation potential seems limited due to the average target prices set by the analysts covering the stock.
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