Kroger shares are trading close to a major resistance level. Given the share's technical chart pattern, investors could anticipate that this resistance zone will be broken which could lead to new upside potential. Investors have an opportunity to buy the stock and target the $ 36.9.
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.
There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.
The company is one of the most undervalued, with an "enterprise value to sales" ratio at 0.3 for the 2021 fiscal year.
The company's attractive earnings multiples are brought to light by a P/E ratio at 11.39 for the current year.
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 last few months, EPS revisions have remained quite promising. Analysts now anticipate higher profitability levels than before.
The tendency within the weekly time frame is positive above the technical support level at 26.86 USD
Stock prices approach a strong long-term resistance in weekly data at USD 33.34.
The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.
The company has insufficient levels of profitability.
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