|Contributor / Partner
Strategy published on : 04/07/2021 | 03:35
Entry price : 3160¥
Target : 3615¥
Stop-loss : 2990¥
Potential : 14.4%
The timing appears opportune to go long in shares of MISUMI Group Inc. as we anticipate another pick-up in the underlying trend.
Investors have an opportunity to buy the stock and target the ¥ 3615.
● The company has solid fundamentals for a short-term investment strategy.
● The company is in a robust financial situation considering its net cash and margin position.
● Analysts have consistently raised their revenue expectations for the company, which provides good prospects for the current and next years in terms of revenue growth.
● Over the last seven days, analysts have been revising upwards their EPS estimates for the company.
● For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.
● The tendency within the weekly time frame is positive above the technical support level at 2955 JPY
● The company's valuation in terms of earnings multiples is rather high. Indeed, the firm is getting paid 49.17 times its estimated earnings per share for the ongoing year.
● The company is not the most generous with respect to shareholders' compensation.