FTG.TO - Swing Trade Breakdown💰 FTG — Swing Trade Breakdown
🏢 Company Snapshot
Firan Technology Group (TSX: FTG) designs and manufactures aerospace/defense electronic products and subsystems (PCBs, flex circuits, avionics)
Recently secured EASA certification for its Edge+ 5G recorder (Airbus family), and continues integration of its FLYHT acquisition as a growth lever
📊 Fundamentals
Metric FTG Industry Avg / Peer Range Notes
P/E ~ 18–20× ~ 15–25× (tech / aerospace) Valuation is reasonable, not overly expensive for growth name
P/B ~ 2.4× ~ 1.5–3× Trading at premium to book — investors pricing in growth expectations
Debt / Equity moderate (not deeply leveraged) — No alarming leverage, seems manageable
ROE (inferred ~ 8–12 %) — Decent return profile given small cap scale
Dividend Yield ~ 0 % — No meaningful dividend; this is a growth / tech-play name
Summary: Fundamentally moderate — fair valuation, growth expectations baked in, limited income attraction.
📈 Trends & Catalysts
Revenue growth: ~ 20 %+ YoY in recent periods (2024 vs prior)
EPS trend: Modest growth; recent quarters show some volatility / misses vs expectations
Balance sheet: No severe debt pressure; ongoing integration of acquisitions; free cash flow not clearly documented
Catalysts:
• Commercial roll-out of Edge+ recorder (5G) with regulatory certification
• Backlog conversion, aerospace / defense wins
• Further M&A or strategic partnerships
Risks: Execution risk on integration, cyclicality in aerospace, valuation already pricing some expectations, small cap volatility
🪙 Industry Overview
Weekly performance: down ~ — (recent pullback vs sector)
Monthly: down, likely on broader tech / market rotation
12-mo trend: strong uptrend; FTG is up ~50 %+ over 1 year
Sentiment: Neutral to Bullish — insiders buying, analyst consensus tilted positive, but technicals show caution
📐 Technicals
Price ≈ CA$ 10.20–10.30
50-SMA ≈ CA$ 11.89
RSI (2) or near-term: ultra‐short term is oversold / weak — general RSI ~30–32 zone
Pattern: pulled back from highs; in consolidation / base-forming zone
Support: ~ 9.70 – 10.50
Resistance: ~ 11.80 – 12.80
🎯 Trade Plan
Entry: 10.30 – 10.80 (preferably on strength, bounce off lower support)
Stop: ~ 9.60
Target: 12.50 – 13.50
R/R: ~ 2.0× to 3.0×
Alternate: If breaks 11.89 - 12.00 convincingly, can take momentum breakout entry (with tighter stop)
🧠 My Take
FTG looks like a swing setup with upside potential — it has decent fundamentals, meaningful catalysts, and the technicals are healing after a pullback. But it’s not a low-risk pick: needs confirmation off support or a breakout over resistance. I’d enter on strength and keep risk tight.
