AB Volvo shares are trading close to a major technical resistance, which, if broken, could yield new upside potential and an increase in volatility. This scenario can be anticipated. Investors have an opportunity to buy the stock and target the SEK 234.69.
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.
The group usually releases upbeat results with huge surprise rates.
As regards fundamentals, the enterprise value to sales ratio is at 1.09 for the current period. Therefore, the company is undervalued.
Sales forecast by analysts have been recently revised upwards.
For the past twelve months, EPS forecast has been revised upwards.
Within the weekly time frame the stock shows a bullish technical configuration above the support level at 144.4 SEK
Weaknesses
According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
The company is not the most generous with respect to shareholders' compensation.
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