Sleep Number Corporation : Underpinned by a support level
Entry price | Target | Stop-loss | Potential |
---|
US$35.27 |
US$39.7 |
US$33.4 |
+12.58% |
---|
The support at 30.57 USD, which is currently being tested, should allow Sleep Number Corp shares to move back to the upside.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● The company has solid fundamentals for a short-term investment strategy.
Strengths● Graphically speaking, the timing seems perfect for purchasing the stock close to the USD 30.57 support.
● The company is in a robust financial situation considering its net cash and margin position.
● Considering the small differences between the analysts' various estimates, the group's business visibility is good.
● The stock, which is currently worth 2019 to 0.47 times its sales, is clearly overvalued in comparison with peers.
● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
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