IEX UNDER PRESSURE?
One of the multi-bagger from last year has been under constant selling pressure from FII and DII. Both institutional investors have sold around 6% stake in the Sept quarter.
IEX FUNDAMENTAL ANALYSIS:
1. IEX is trading at a P/E of 64 which is almost 3 times compared to the industry PE of around 23 which indicates the share is a bit expensive.
2. IEX is a debt-free company with a debt to equity ratio of around 0.02.
3. ROE is around 46.2% (which is marvellous) and ROCE stands at 60%.
4. The 10 Years median sales growth is at 16%.
5. The average OPM stands at around 80%.
IEX technical analysis (on daily chart):
1. IEX is currently trading around both 200-SMA and 200-EMA.
2. It is trading below all three MA i.e., 20,50 and 100 which is highly bearish.
3. After breaking the neckline of the "head and shoulder" pattern, it has roughly fallen around 20%.
4. The daily RSI stands below the 50 mark but doesn't show any divergence against the price.
5. The daily MACD is ver bearish as the MACD is trading below both signal line and zero line. The good news is the height of the histograms is decreasing, which indicates a possible change in trade in the near future.
According to my opinion, IEX is a good fundamental company. The stock has fallen roughly 40% from its peak. In the last 3-months alone, it has fallen around 14%. I don't see anything fundamentally wrong with the company. The stock is a little expensive at current levels but I think this is not the reason for the fall. After giving around 103% last year, I think the stock is deliberately bought down for big investors to jump in. I would advice investors to remain invested. The new investors should wait for some time before taking fresh positions. Long-time investors shouldn't have to be worry and see this situation to aggregate their positions.
THE ABOVE INFORMATION IS ONLY FOR KNOWLEDGE PURPOSES AND NOT AN INVESTING ADVICE, PLEASE ACT ACCORDINGLY AND DO YOUR OWN DUE DILIGENCE.
IEX FUNDAMENTAL ANALYSIS:
1. IEX is trading at a P/E of 64 which is almost 3 times compared to the industry PE of around 23 which indicates the share is a bit expensive.
2. IEX is a debt-free company with a debt to equity ratio of around 0.02.
3. ROE is around 46.2% (which is marvellous) and ROCE stands at 60%.
4. The 10 Years median sales growth is at 16%.
5. The average OPM stands at around 80%.
IEX technical analysis (on daily chart):
1. IEX is currently trading around both 200-SMA and 200-EMA.
2. It is trading below all three MA i.e., 20,50 and 100 which is highly bearish.
3. After breaking the neckline of the "head and shoulder" pattern, it has roughly fallen around 20%.
4. The daily RSI stands below the 50 mark but doesn't show any divergence against the price.
5. The daily MACD is ver bearish as the MACD is trading below both signal line and zero line. The good news is the height of the histograms is decreasing, which indicates a possible change in trade in the near future.
According to my opinion, IEX is a good fundamental company. The stock has fallen roughly 40% from its peak. In the last 3-months alone, it has fallen around 14%. I don't see anything fundamentally wrong with the company. The stock is a little expensive at current levels but I think this is not the reason for the fall. After giving around 103% last year, I think the stock is deliberately bought down for big investors to jump in. I would advice investors to remain invested. The new investors should wait for some time before taking fresh positions. Long-time investors shouldn't have to be worry and see this situation to aggregate their positions.
THE ABOVE INFORMATION IS ONLY FOR KNOWLEDGE PURPOSES AND NOT AN INVESTING ADVICE, PLEASE ACT ACCORDINGLY AND DO YOUR OWN DUE DILIGENCE.
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