Date of Data Capture: 23/07/2021
Name: HUON AQUACULTURE GROUP LTD (HUO)
Classification: Fishing & Farming
Current Price: $2.92
Market Capitalisation: $326 M
Forecast EBITDA Growth: 133.07%
Yield Estimate: 1.20%
Consensus Price Target: $3.08
# Covering Analysts: 3
Discount at Current Price: -3.70%
Price Target Trend (3-Month): Up-Flat +18.46%
Signal Timeframe: Quarterly-Monthly-Weekly
Trend Bias: Up-Down / Long-Medium
Focus: Capital Growth
Set up Notes:
• Despite leaving investors on the hook, this floundering fish farmer could continue to rally on strong forecasting with encouraging growth prospects for scaling up production and profits.
• Softer trading conditions in 2019 gave way to the general covid collapse last year, but analysts now expect strong gains across sales, margins and earnings, starting this year and out to 2023.
• Already consolidating lower throughout 2019, pricing collapsed over the last year, but after bouncing off deep support last month, breaking resistance on momentum, it looks good here.
Support ($): 2.80, 2.75, 2.60, 2.50 & 2.40.
Resistance ($): 3.00, 3.50, 4.00, 4.50 & 5.00.