SharkNinja - New Investment

30 ธ.ค. 2024

Fundamentals:

SharkNinja is recognized for its innovative products in the home appliances sector, particularly in cleaning, cooking, and food preparation. The company’s ability to innovate consistently has helped it capture market share and drive sales growth. I believe that SharkNinja presents a strong investment case, driven by its accelerating fundamentals. It has a combination of robust sales and earnings growth, increasing institutional support, and a strong uptrend.

Accelerating Sales and Earnings Growth:
The company has consistently achieved quarter-over-quarter (q/q) sales and earnings growth exceeding my desires. It has strong operational performance and market demand across its product categories.

Positive EPS Growth Rate:
The earnings per share (EPS) growth rate is in positive territory. This tells me that the company has the ability to translate revenue growth into shareholder value in the mid-to-long term.

Increasing Institutional Support:
I observe that a growing number of institutional investors are piling into SN stock. This reflects increased investor confidence in the company. This also gives me some validation of the company's financial stability and future prospects.

Technicals:

SharkNinja chart shows a favorable technical setup.

Daily and Weekly Trends:
Both the daily and weekly trends are upward, reflecting a strong bullish momentum.
The price has doubled since May 2024, confirming a robust and sustained uptrend. The stock is hovering on the cloud, which serves as a key support zone. This indicates a potential consolidation phase before another upward move.

The volume profile supports the bullish outlook, with increasing participation during upward moves. Stochastic and RSI indicators on the chart show no extreme overbought conditions, suggesting room for further upward movement.

My Entry Point: About $97
Stop Loss: Below $69
Target Price: A little above $160.

Weekly:
Daily: