Date of Data Capture: 24/02/2021
Name: WEBJET LIMITED (WEB)
Classification: Travel Agent
Current Price: $5.50
Market Capitalisation: $1.86 B
Forecast Sales Growth: 297.30%
Yield Estimate: 0.00%
Consensus Price Target: $4.72
# Covering Analysts: 9
Premium at Current Price: +12.10%
Price Target Trend (3-Month): Up-Flat +24.21%
Signal Timeframe: Quarterly-Monthly-Weekly
Trend Bias: Up-Down / Long-Medium
Focus: Capital Growth
Set up Notes:
• Embattled travel agent WEB looks to continue tripping higher here as the prospects for the opening of the Global economy come closer, and there is a lot of room for recovery here.
• Last year the company saw its history of good and consistent sales and earnings growth collapse in lockdown losses, but forecasting is improving strongly with good growth potential.
• The chart tells the tale well, with a strong uptrend running from 2014 to the start of 2020, before being brutally crushed – here we find WEB on its 2nd recovery wave, breaking major resistance, setting up old targets higher above.
Support ($): 5.00, 4.50, 4.00, 3.50 & 3.00.
Resistance ($): 6.00, 7.00, 8.00, 10.00 & 12.00.