Date of Data Capture: 20/05/2020
Name: ELECTRO OPTIC SYSTEMS LTD (EOS)
Classification: Aerospace & Defence
Current Price: $5.26
Market Capitalisation: $917 M
Forecast EBITDA Growth: 64.52%
Yield Estimate: 0%
Consensus Price Target: $5.78
# Covering Analysts: 1* (*thin coverage warning)
Discount at Current Price: 9.89%
Price Target Trend (3-Month): Up-Down -7.07%
Signal Timeframe: Monthly-Weekly-Daily
Trend Bias: Up-Down / Long-Short
Focus: Capital Growth
Set up Notes:
· This aerospace/defence company manufactures and develops laser-based surveillance and security systems - it was in an aggressive uptrend before the Covid19 scare and now offers a discounted entry with good forecasting.
· Strong sales growth from 2016 drove pricing higher by 500%+ over 4 years, before falling more than 70% in the last two months - but the company retains its strong growth outlook which is expected to continue out to 2022.
· Pricing shows an aggressive rally giving way to collapse as panic selling broke it down to major support levels, but with fresh positive signalling this could be a new recovery uptrend here.
§ Support ($): 5.00, 4.50, 4.00, 3.50 & 3.00.
§ Resistance ($): 6.00, 6.50, 7.00, 8.00 & 10.00.