The company and the stock have financial characteristics, profitability and trading indicators that make it fit into the list of growing stocks that could continue to rise.
Actions to buy and hold
According to analysts' opinion, ASTM is a stock that should be included in an ideal asset allocation project as the purchase represents an optimal way to earn money without too many risks.
The stock closed the trading day on November 15th at 29.06.
Since the beginning of the year it has registered the minimum at 16.82 and the maximum at 31.90. From the annual opening value, the rise to date is 69.05% compared to the rise of the Ftse Mib future of 36.37%.
Buying the title at the beginning of the year was certainly a winning investment, but what does the future hold? Buy, maintain or sell at current levels?
Let's study analysts' recommendations and graphical aspects.
Based on the last years of the financial statements, a fair value is estimated between € 31.40 and € 35 for shares with an average undervaluation of 14.2% compared to the current price.
This leads us to affirm that despite the strong rise from the beginning of the year, ASTM continues to remain among the shares with strong potential.
Buy immediately or wait?
Our trading advice is to buy at the opening of November 18th. Here are the reasons:
the retracement started by 31.90 on 16 July in the week just ended may have found a bottom. This view is also supported by our trading and trend oscillators.
The odds are for an imminent restart of the rising prices with the first target at 31.90 and the overcoming and holding towards the 35.00 area. Stop loss at 25.81. First support at 27.17.
Source link
https://www.proiezionidiborsa.it/azioni-con-forte-potenzialita-astm/
Dmca
