National Beverage Corp. : The technical configuration is positive
10/28/2020 | 02:52am EST
Entry price :
83.01$ | Target : 94$ | Stop-loss : 78$ | Potential : 13.24%
National Beverage Corp.'s shares display attractive technical aspects to anticipate a comeback of the underlying trend. Investors have an opportunity to buy the stock and target the $ 94.
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.
The company returns high margins, thereby supporting business profitability. Thanks to a sound financial situation, the firm has significant leeway for investment. Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock. Over the past year, analysts have regularly revised upwards their sales forecast for the company. For the past twelve months, EPS forecast has been revised 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 63.17 USD
Stock prices approach a strong long-term resistance in weekly data at USD 87.07. Technically, the stock approaches a strong medium-term resistance at USD 89.09. The company is not the most generous with respect to shareholders' compensation. Most analysts recommend that the stock should be sold or reduced. The appreciation potential seems limited due to the average target prices set by the analysts covering the stock.
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1 081 M
Net income 2021
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P/E ratio 2021
4 430 M
4 430 M
EV / Sales 2021
EV / Sales 2022
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Upcoming event on NATIONAL BEVERAGE CORP.
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Average target price
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