X-FAB SILICON FOUNDR

XFAB
Real-time Quote. Real-time  - 05/14 05:24:07 am
7.41EUR +0.27%

X-FAB Silicon Foundries SE : Close to an important technical resistance levels

05/03/2021 | 03:18am
Jordan Dufee
Senior Analyst

Strategy published on : 05/03/2021 | 03:18

long trade
Stop-loss triggered

Entry price : 8.15€
Target : 11€
Stop-loss : 7.3€
Potential : 34.97%

X-FAB Silicon Foundries SE shares are reaching an interesting resistance zone. The current technical chart pattern suggests that a breach of this level could lead to new upside potential.
Investors have an opportunity to buy the stock and target the € 11.

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

● Thanks to a sound financial situation, the firm has significant leeway for investment.

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

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

● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.

● The stock is in a well-established, long-term rising trend above the technical support level at 4.74 EUR


Weaknesses

● Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.

● The firm trades with high earnings multiples: 28.31 times its 2021 earnings per share.

● The appreciation potential seems limited due to the average target prices set by the analysts covering the stock.

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