STMICROELECTRONICS N

STM
Real-time Estimate Quote. Real-time Estimate  - 09/24 03:59:59 pm
25.995EUR +2.02%

STMicroelectronics N.V. : The trend should continue

Nathan Houtch
Junior Analyst

Strategy published on : 09/16/2020 | 05:25

long trade
Stop-loss triggered

Entry price : 27.04€
Target : 29.4€
Stop-loss : 25.2€
Potential : 8.73%

STMicroelectronics N.V. shares have recently benefited from a buyers' comeback, which was accompanied by a rise in volumes and volatility. This situation suggests a continuation of the upward dynamic.
Investors have an opportunity to buy the stock and target the € 29.4.

Summary

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

● In a short-term perspective, the company has interesting fundamentals.


Strengths

● The company is in a robust financial situation considering its net cash and margin position.

● Historically, the company has been releasing figures that are above expectations.

● Sales forecast by analysts have been recently revised upwards.

● Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.

● Analysts covering this company mostly recommend stock overweighting or purchase.


Weaknesses

● Stock prices approach a strong long-term resistance in weekly data at EUR 28.95.

● Technically, the stock approaches a strong medium-term resistance at EUR 26.78.

● The company benefits from high valuations in earnings multiples.

● The company is not the most generous with respect to shareholders' compensation.

● For the past year, analysts have significantly revised downwards their profit estimates.

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