Date of Data Capture: 01/10/2021
Name: INFOMEDIA LTD (IFM)
Classification: Software & IT Services
Current Price: $1.76
Market Capitalisation: $659 M
Forecast EBITDA Growth: 21.64%
Yield Estimate: 3.25%
Consensus Price Target: $2.10
# Covering Analysts: 5
Discount at Current Price: -19.32%
Price Target Trend (3-Month): Up-Flat +0.48%
Signal Timeframe: Quarterly-Monthly-Weekly
Trend Bias: Up-Down / Long-Medium
Focus: (Dividend Income) & Capital Growth
Set up Notes:
· This enterprise software developer has been consolidating a very strong rally for the last two years and is emerging into a new potential uptrend here, supported by robust forecasting.
· Historically a strong performer IFM had a softer year last year (remaining profitable), and should return to stronger sales and earnings growth next year and out to 2024 as margins recover.
· Pricing shows the initial breakout beginning late last year before entering a minor downtrend until last month when this also broke on good momentum, looking like an attractive entry here.
§ Support ($): 1.70, 1.60, 1.50 and 1.40.
§ Resistance ($): 1.80, 1.90, 2.00, 2.20, 2.40 & clear.