I see good potential hereA P/E Ratio of 3.58, EPS of 10, Rising revenue, beat earnings Q4 2020, Profit margin of 91% Q4 2020, upwards trend, etc. This is definitely an undervalued stock.
A07 trade ideas
Avance BullishAs a result to the Covid-19 the LPG market fell way below their "fair-value", which is strongly indicated in the Price/ Earnings-value around 3.1-5.1.
The stock repeatedly shows a bullish RSI in the field between 50-75.
Besides the MacD indicator showing a strong momentum to proceed the trend
I personnel believe that the stock will try entering the same pattern as it did in the strong up-trend before the Covid-19 pandemic.
This would indicate a fair-value (relative to the value before the pandemic) around 70 NOK
