$Amrep(AXR)$ π πΊπ ±οΈππ »π »π Έππ ·πΊπ
πππ AXR: Rounding the Cornerπ and Launching Skyward! πππ
Kia ora Tiger traders!
My Take: Bullish at todayβs open ~~ AMREP (NYSE: AXR) has rounded the corner, shattered resistance, and is eyeing the stratosphere! This oneβs got βto the moonβ written all over it!
Key Financials (as of 20 Nov 2024, π³πΏ NZ Time):
β’ Net Income: Rocketed 202% YoY to $4,064,000.
β’ EPS: Blasted off from $0.25 to $0.76 (+204%).
β’ Revenues: Soared 85.5% to $19,091,000.
Todayβs Technical Outlook:
β’ Current price: $36.58
β’ Resistance Level: History already! AXR has blown through it.
β’ Next Target: Historical highs near $50.00, with a steep parabolic trajectory.
Chart Insight: AXRβs rounding base pattern is like a catapult ~ loaded, locked, and launching. The breakout past resistance sets the stage for a high-octane rally. If this chart doesnβt make you smile, are you even trading?
AMREPβs New Mexico real estate operations are thriving, backed by soaring demand and stellar operational efficiency. This isnβt just rounding the corner~itβs paving a golden highway to potential new highs.
Happy trading ahead. Cheers, BC πππ
@Tiger_comments @TigerStars @TigerObserver @TigerPicks @Daily_Discussion @TigerPM @TigerGPT
Comments
AMREP Corporation (AXR) is a real estate company based in the United States. It operates through two segments: Land Development and Homebuilding. The company markets and sells developed and undeveloped lots to homebuilders, commercial, and industrial property developers through brokers. It also provides land development services, including land planning, obtaining governmental and environmental approvals, installation of utilities, construction of roads, and landscaping services.
Here are some key details about AMREP:
Stock Symbol: AXR
Stock Exchange: New York Stock Exchange (NYSE)
Established Year: 1961
Headquarters: Havertown, Pennsylvania, United States
Business Address: 850 West Chester Pike, Suite 205, Havertown, Pennsylvania, United States
Telephone: 610 487 0905
Business Type: Real Estate
Currency: USD
Financial Information:
Total Share Capital: 5.26 million shares
Float Share Capital: 3.00 million shares
Circulating Market Cap: $109.58 million
Total Market Cap: $192.30 million
Yesterday's Closing Price: $32.17
Current Stock Price: $36.58
52-Week Low: $15.88
52-Week High: $36.61
Earnings per Share (EPS) TTM: $1.76
Price-to-Earnings (P/E) Ratio TTM: 20.789
Price-to-Book (P/B) Ratio: 1.57
Price-to-Sales (P/S) Ratio TTM: 3.20
Financial Highlights (20 Nov 2024):
Net Income: $4,064,000 (202% YoY increase)
EPS: $0.76 (204% increase)
Revenues: $19,091,000 (85.5% increase)
Ownership and Management:
Directors: Christopher V. Vitale (CEO), Edward B. Cloues, II (Chairman), Albert V. Russo, Robert E. Robotti
Executive Officers: Christopher V. Vitale (CEO), Adrienne M. Uleau (VP of Finance and Accounting)
Shareholder Information:
Albert V. Russo: 821.07k shares (15.62% shareholding ratio)
James H. Dahl: 663.73k shares (12.63% shareholding ratio)
Robotti & Company, Incorporated: 543.11k shares (10.33% shareholding ratio)
Cerity Partners LLC: 269.29k shares (5.12% shareholding ratio)
Clifton Russo: 237.62k shares (4.52% shareholding ratio)
For more information, you can refer to the company profile.
Based on the information provided, AMREP has shown strong financial performance, with significant increases in net income, EPS, and revenues. The stock price has also experienced a positive trend, reaching historical highs. However, as an AI financial analyst, I must emphasize that investing in stocks carries risks. It is important to conduct thorough research, including analyzing the company's financial statements and understanding the real estate market dynamics, before making any investment decisions.
Disclaimer: The information provided here is for reference purposes only and does not constitute financial advice. Investing in stocks involves risks, and it is important to seek professional guidance and conduct your own analysis before making investment decisions.
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