Long VITLLooking like a nice entry for NASDAQ:VITL is manifesting into the end of the year. IMO stock is worth at-least $40.00 and they have a great track record. Not to mention Make America Healthy Again! !!
VITL trade ideas
VITL, 3/12-3/19, 9.5% profitOn 3/7/2024, Vital Farms (VITL) reported earnings of $0.17 per share on revenue of $135.81 million for the fourth quarter ended December 2023. The consensus earnings estimate was $0.14 per share on revenue of $131.84 million.
$VITL - Simple CT50 trading strategy Trading Strategy based on CT50:
Chart Pattern - Tline (8EMA - white line) & 50EMA (Red line)
First entry point: Base breakout on high volume and Gap up
Second & Third: While holding the gap up low, mini consolidation breakout offered add on points (yellow arrows)
Now there’s a tight consolidation going on. Watch out for breakout or breakdown.
VITAL FARMS INC ANALYSIS #VITL #NASDAQ VITL has been sideway at the bottom area for sometimes but Losing Chip (dark blue bar) is decreasing.
This is a good sign as this symbol is bottoming. Monitor this counter closely for a bullish chance.
#mcdx
#profitandloss
#divergence
#convergence
VITL Buy LongVital Farms #Buy
• controls over 75% of the pastured egg market
• humane agriculture and animal farming for eggs and butter
• Healthy Balance sheet
• Growing business model more farmers are partnering with VITL to practice pastured chicken raising
• Expanding product with egg based treats
• Due to covid more people are cooking and baking from home
• Health consciousness
VITL bullish- RSI building bullish divergence
- Nice long accumulation phase
- Finally Breaking out
- AMZN reporting stake
I like my eggsTheir eggs are so delicious and are more nutritious than conventional eggs.
Their last ER had stellar results,
Net Revenue Increased to $53.4 Million, up 57% Year-Over-Year
Gross Profit of $18.4 Million, Gross Margin up over 300 Basis Points Year-Over-Year
Net Income of $1.7 Million, Compared to $0.8 Million Last Year
Adjusted EBITDA of $3.7 Million, Compared to $1.9 Million Last Year
I think the growing shift to buying ethically food would be a key driver going into 2021.
The current price action has been on a strong downtrend, bearish if it breaks 26, bullish it breaks 28 on a weekly.
VITL falling wedge nearing apexwith volume decreasing and the apex approaching, a breakout may be coming.
VITL to drop?down trend precedes a symmetrical triangle predicting price to drop further.
If it goes to 22, I may buy.
Please advise whether this qualifies as a symmetrical triangle.
VITL Adding to Porfolio- Oversold.Little play on this stock ! This is not financial advice , please consider your own DD and RM.
VITL: Potential Buy at $42.50 with Profit Taking at $54.13Vital Farms makes eggs and butter and they are nationwide through Wholefoods with is owned by AMZN . They have a 5/5 on Amazon reviews. The stock is looking like it wants to go up even higher depending on the action of the market. There is a resistance at 43.30 and if it breaks past $43.40 on a high volume day it is slated to run up even higher to a profit target at 54.13. There is an earlier buy point at 42.50, which will help your stop loss of 7% at $40.27 to reduce your risk to 5% of the position. This stock might not have the allure of Beyond Meat BYND but the pandemic might give consumers more mindfulness of what they are putting in their bodies because people are cooking more now. The fundamentals are okay and would like to see yearly increasing EPS instead of fluncuating.
Quarterly Sales Growth (Seasonally Adjusted)
Jun-19: +37%
Sep-19: +26%
Dec-19: +30%
Mar-20: +44%
Yearly EPS
2017 -.05
2018 .15
2019 .06
2020 .08 est
2021 -.06 est
Management Ownership is 48% with 9% Debt
VITL IPO grows, analysts like what they seeVital Farms Inc, is another stock to watch that may benefit further from Covid 19. As the stock has surged 14%, Stifel began coverage on the stock with a $43 target price, stating: "COVID-related demand has benefited the egg and dairy categories and Vital Farms as well resulting in a surge in sales over the past five months,"
I would expect to see this one at least hit the target price, but as it is an IPO, expect high volatility - meaning it could swing from its all-time-high to its all-time-low within a day. Otherwise, I like this stock so far, and will continue watching it.
$VITL is giving a GREAT IPO LONG opportunity todayIPO intraday trading strategy idea
Vital Farms (VITL) sells pasture-raised egg products and butter to consumers in the U.S.
The share price is rising and gonna continue this trend today.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price today.
So I opened a long position from $36;
take-profit — $32,5;
stop-loss — $46,5.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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