Breakout on Battery Production News
Positive divergence can be seen on a yearly basis with MACD leveling out crossing into positive territory.
SP appears to have formed a double bottom and is currently breaking out from a narrower down trend.
Currently, the SP is ≈33% below the average analyst target and ≈45% below the top range of down channel primary trend.
The SP collapsed last year as a result of the public offering in December, cash burn rate and a gross loss for the most recent quarter.
Revenue YoY has grown 142% and revenue growth FWD is 118%. With the high growth rate and being profitable on a yearly basis, a PE of 22 is cheap.
SP appears to have formed a double bottom and is currently breaking out from a narrower down trend.
Currently, the SP is ≈33% below the average analyst target and ≈45% below the top range of down channel primary trend.
The SP collapsed last year as a result of the public offering in December, cash burn rate and a gross loss for the most recent quarter.
Revenue YoY has grown 142% and revenue growth FWD is 118%. With the high growth rate and being profitable on a yearly basis, a PE of 22 is cheap.
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