Ichor Holdings Ltd
ICHR
Delayed Nasdaq - 02/23 10:00:00 pm
25.75USD
+7.02%

Close to an important medium term support level

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David Meurisse
Contributor / Partner

Strategy published on : 02/12/2018 | 17:21

long trade
Live

Entry price : 21.74$
Target : 27.4$
Stop-loss : 19.9$
Potential : 26.03%

The medium term support area around 19.09 USD should allow Ichor Holdings Ltd shares to re-establish an upward trend in the short term.
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 current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at USD 17.14 USD in weekly data.

● Share prices are approaching a strong support area in daily data, which offers good timing for investors.

● The group's high margin levels account for strong profits.

● The company shows low valuation levels, with an enterprise value at 0.44 times its sales.

● Its low valuation, with P/E ratio at 6.87 and 5.8 for the ongoing fiscal year and 2019 respectively, makes the stock pretty attractive with regard to earnings multiples.

● Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.

● Over the past year, analysts have regularly revised upwards their sales forecast for the company.

● For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.

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

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

● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.


Weaknesses

● The company's earnings releases usually do not meet expectations.

● Analysts covering the stock have recently lowered their earnings forecast.

Zonebourse.com 2018
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