CATENA MEDIA PLC

CTM
Real-time CHI-X EUROPE LIMITED. - 05/26 08:39:50 am
27.97SEK
+4.10%

Catena Media plc : The beginning of the move

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Gallien Girardot
 

Strategy published on : 05/20/2020 | 05:37

long trade
Live

Entry price : 21.3SEK
Target : 33.54SEK
Stop-loss : 16.5SEK
Potential : 57.46%

The return of higher trading volumes and volatility could reflect theoretically the starting point of the return of a new upward move for shares in Catena Media plc. The upward movement can be expected to continue.
Investors have an opportunity to buy the stock and target the SEK 33.54.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.


Strengths

● Growth progress expectations are rather promising. Indeed, sales are expected to rise sharply in the coming years.

● Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.

● The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.

● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.


Weaknesses

● Stock prices approach a strong long-term resistance in weekly data at SEK 25.12.

● The company is in debt and has limited leeway for investment

● Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.

● The technical configuration over the long term remains negative on the weekly chart below the resistance level at 25.12 SEK

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