Aedas Homes, S.A. shares are closing in on important technical levels. The technical chart pattern suggests that the currently tested resistance will be broken and new upside potential arises while volatility is likely to increase. Investors could get ahead of this signal in order to benefit from a better risk/reward ratio.
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
● According to sales estimates from analysts polled by Standard & Poor's, the company is among the best with regard to growth.
● Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.
● 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 several months, analysts have been revising their EPS estimates roughly upwards.
● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 17 EUR
Weaknesses
● Stock prices approach a strong long-term resistance in weekly data at EUR 21.4.
● Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.
● Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.
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Aedas Homes SA is a Spain-based company engaged in the real estate sector. The Company focuses on the land acquisition, as well as construction, promotion and sale of residential properties. The Company develops projects in a range of Spanish cities, such as Valencia, Alicante, Barcelona, Madrid, Malaga and Seville. It offers multifamily buildings in type of towers and block of flats.