Trupanion - Possible Upside Break with Earnings
Company Info:
Trupanion provides monthly subscription based medical insurance plan for cats and dogs.
In the last earnings report, it had the largest EPS upside in the past 5 years.
Earnings is this Thursday after market close.
Technical:
It is trading around this 19.50 to 35 range for the last 9-10 months.
Break above with strong earnings surprise, particularly from the revenue side can propel it past 35. Good pre-market volume would be a nice catalyst too.
Initial target from break would be around 48.
Additional Info:
- Price/Sales is only 1.2 (looks very low in this market)
- Fascinating that around 41% of the float is short and short volume ratio is 0.51.
There is potential for a massive short squeeze.
Trupanion provides monthly subscription based medical insurance plan for cats and dogs.
In the last earnings report, it had the largest EPS upside in the past 5 years.
Earnings is this Thursday after market close.
Technical:
It is trading around this 19.50 to 35 range for the last 9-10 months.
Break above with strong earnings surprise, particularly from the revenue side can propel it past 35. Good pre-market volume would be a nice catalyst too.
Initial target from break would be around 48.
Additional Info:
- Price/Sales is only 1.2 (looks very low in this market)
- Fascinating that around 41% of the float is short and short volume ratio is 0.51.
There is potential for a massive short squeeze.
Friday it got hammered because there was an accounting issue. Earnings was not that bad to be honest.
Bears are in control here for now.