From a horizontal accumulation phase, the timing seems good to buy shares in AKKA Technologies SE and to get ahead of a break-out on the upside of the congestion area. Investors have an opportunity to buy the stock and target the € 30.2.
In view of fundamental criteria, the company is among low performers as far as mid or long-term investment strategy is concerned.
For a short-term investment strategy, the company has poor fundamentals.
The stock, which is currently worth 2020 to 0.56 times its sales, is clearly overvalued in comparison with peers.
According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
Low profitability weakens the company.
Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.
Revenue estimates are regularly revised downwards for the current and coming years.
For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.
For the last four months, earnings estimated by analysts have been revised downwards with respect to the next two years.
For the past year, analysts have significantly revised downwards their profit estimates.
ę MarketScreener.com 2021
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