Growth Focus: Electro Optic Systems Holdings Ltd (EOS)

by Patrick Taylor



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
Indicators:
Short-term: Positive
Medium-term: Positive
Long-term: Positive-Neutral

Recommendation: Buy

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.

Disclaimer

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