NEXITY

NXI
Real-time Quote. Real-time  - 12/01 10:12:00 am
38.34EUR +1.37%

Nexity : Helped by a technical support level

11/23/2021 | 05:10am
Laurent Polsinelli
Index and derivatives Analyst

Strategy published on : 11/23/2021 | 05:10

long trade
Stop-loss triggered

Entry price : 39.44€
Target : 42€
Stop-loss : 37.8€
Potential : 6.49%

Nexity shares are closing back in on major support levels around 38.52 EUR based on daily price data, which could offer attractive entry points.
Investors have an opportunity to buy the stock and target the € 42.

Summary

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

● Overall, and from a short-term perspective, the company presents an interesting fundamental situation.


Strengths

● Its low valuation, with P/E ratio at 6.58 and 10.28 for the ongoing fiscal year and 2022 respectively, makes the stock pretty attractive with regard to earnings multiples.

● The stock, which is currently worth 2021 to 0.73 times its sales, is clearly overvalued in comparison with peers.

● The company appears to be poorly valued given its net asset value.

● This company will be of major interest to investors in search of a high dividend stock.

● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.

● For the past twelve months, EPS forecast has been revised upwards.

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

● The opinion of analysts covering the stock has improved over the past four months.

● The group usually releases upbeat results with huge surprise rates.


Weaknesses

● As estimated by analysts, this group is among those businesses with the lowest growth prospects.

● The company's earnings growth outlook lacks momentum and is a weakness.

● Over the past twelve months, analysts' opinions have been revised negatively.

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