Shaver Shop Group Limited shares are trading close to a major resistance level. Given the share's technical chart pattern, investors could anticipate that this resistance zone will be broken which could lead to new upside potential.
Strengths
● The group usually releases upbeat results with huge surprise rates.
● The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.
● This company will be of major interest to investors in search of a high dividend stock.
● Over the last twelve months, the sales forecast has been frequently revised upwards.
● Over the last seven days, analysts have been revising upwards their EPS estimates for the company.
● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
Weaknesses
● The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.
● Technically, the stock approaches a strong medium-term resistance at AUD 0.79.
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Shaver Shop Group Limited is an Australia-based company. The Company is engaged in retailing of specialist personal care and grooming products both through its corporate-owned stores as well as online through its Websites and the online marketplaces. The Company offers its products under various categories, such as electric shavers, including electric shavers and replacement parts; beard trimmers, including beard trimmers, grooming kits, nose and ear trimmers, and beard care; hair clippers; body groomers, including body groomers and long-term hair removal, and manual shavers, including men's blades, men's razors, shave brushes, shave sets and accessories, and cutthroat razors. It also offers oral care, such as electric toothbrushes, oral irrigation and toothbrush refills; ladies hair removal, including epilators and ladies' blades; hairstyling; massage, and skincare, and haircare products. The Company operates about 122 stores located across Australia and New Zealand.