Ya-Man Ltd. : The trend should regain control
Entry price | Target | Stop-loss | Potential |
---|
JP¥2,050 |
JP¥2,374 |
JP¥1,800 |
+15.8% |
---|
The timing appears opportune to go long in shares of Ya-Man Ltd. as we anticipate another pick-up in the underlying trend.
Strengths● Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
● Over the last twelve months, the sales forecast has been frequently revised upwards.
● For the last week, the earnings per share forecast has been revised upwards. According to recent estimates, analysts give a positive overview of the stock
● For several months, analysts have been revising their EPS estimates roughly upwards.
● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 936 JPY
Weaknesses● The stock is close to a major daily resistance at JPY 2374, which should be gotten rid of so as to gain new appreciation potential.
● With a 2021 P/E ratio at 30.7 times the estimated earnings, the company operates at rather significant levels of earnings multiples.
● The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.
● The appreciation potential seems limited due to the average target prices set by the analysts covering the stock.
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