HOLOGIC, INC.

HOLX
Delayed Quote. Delayed  - 09/24 04:00:00 pm
63.01USD -1.16%

Hologic, Inc. : The underlying trend is in force again

Nicolas Aleksy
Contributor / Partner

Strategy published on : 09/15/2020 | 02:39

long trade
Live

Entry price : 61.13$
Target : 73$
Stop-loss : 56$
Potential : 19.42%

Shares in Hologic, Inc. show a positive technical chart pattern over the medium term. The timing to jump back on the rising trend seems good.
Investors have an opportunity to buy the stock and target the $ 73.

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

● 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 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.

● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.

● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.

● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 46.56 USD


Weaknesses

● The company's enterprise value to sales, at 5.31 times its current sales, is high.

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