FXPO - Short continuation play Technical Analysis
Resistance above and breaking daily MA ribbon for a continuation play to 120
−0.1291EUR
−78.66 MEUR
604.76 MEUR
288.23 M
About FERREXPO PLC
Sector
Industry
Headquarters
Baar
Website
Founded
1960
ISIN
GB00B1XH2C03
FIGI
BBG000RHX782
Ferrexpo Plc engages in production, development and marketing of iron ore pellets for sale to the metallurgical industry. It holds interests in the Poltava Mining, Yeristovo Mining, and Belanovo Mining. The company was founded in 1960 and is headquartered in Baar, Switzerland.
Ferrexpo pays out massive dividend as profits surgeFERREXPO Tip: SPECULATIVE BUY Current price: 353.60 Target price: 450
Bullish points: - Lowly shares valuation
- Strong balance sheet
- High iron price
- Premiums paid on pellets likely to increase with stricter emission standards
- Strong ESG credentials
Bearish points: - Iron prices could fall
FXPO - Buy - Ferrexpo LSELooking at a long on FXPO, oversold on my indicators, shown some rejection from 100ma, although not a convincing move. That being said, positive growth is a plus for FXPO. Both weekly and daily charts are above the 200ma.
We may see another down day so looking for a positive move higher on high vol
FXPO is struggling to overcome resistance at 170 GBpPrevious gap was successfully closed but at the same time, several poor lows were created on the way up. Sellers might have some unfinished business at 164 GBp level and could continue opening short positions aggressively till 156 GBp level. In case of even small panic, we can expect retest of 149 G
FXPO partly recovered from selling and aims to close gap at 170Selling in LSE:FXPO ended on Monday and since then, buyers started to pile on moderately. In case of continues recovery above 163 GBp, potentially we could see a gap closure at 170 GBp.
FerrexpoCredit Suisse has upgraded their p/t to 55p and to a buy rating. However, I am contrarian and this market looks bearish.
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Frequently Asked Questions
Depending on the exchange, the stock ticker may vary. For instance, on SWB exchange FERREXPO PLC stocks are traded under the ticker FEX.
FERREXPO PLC is going to release the next earnings report on Aug 7, 2024. Keep track of upcoming events with our Earnings Calendar.
One year price forecast for FERREXPO PLC has a max estimate of 2.5726 EUR and a min estimate of 1.1348 EUR.
FEX earnings for the last quarter are 0.37 EUR per share, whereas the estimation was 0.37 EUR resulting in a 0.44% surprise. The estimated earnings for the next quarter are 0.17 EUR per share. See more details about FERREXPO PLC earnings.
Yes, you can track FERREXPO PLC financials in yearly and quarterly reports right on TradingView.
FEX net income for the last quarter is −102.89 M EUR, while the quarter before that showed 25.48 M EUR of net income which accounts for −503.78% change. Track more FERREXPO PLC financial stats to get the full picture.
Like other stocks, FEX shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade FERREXPO PLC stock right from TradingView charts — choose your broker and connect to your account.
We've gathered analysts' opinions on FERREXPO PLC future price: according to them, FEX price has a max estimate of 2.57 EUR and a min estimate of 1.13 EUR. Read a more detailed FERREXPO PLC forecast: see what analysts think of FERREXPO PLC and suggest that you do with its stocks.
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. FERREXPO PLC EBITDA is 113.55 M EUR, and current EBITDA margin is 18.74%. See more stats in FERREXPO PLC financial statements.