The company currently has a negative earning per share of -0.28 which is expected to grow to 0.42 next year. The Industry average price/earnings ratio is 28x so I’m estimating the stock could grow to about $11.00-$11.50 within the next months.
The daily price started a bullish trend on the 6th of July after breaking the 50 day moving average and consolidated just below the 200 day average. It slowly moved up before breaking the 52 weeks average and retraced back down before restarting the trend forming a bullish triangular pattern.
The price closed around the $7 resistance line on Friday and I’m looking to get into the market on Monday and i’m going to set my profit target is at about $7.50-7.60