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ππ π $DOUG: From Supercycle Decline to Real Estate Revival β Target $4+ π ππ‘
Kia ora Tiger traders!
My Take: Bullish at todayβs open~Douglas Elliman (NYSE: DOUG) is stepping out of its supercycle decline and into recovery mode, targeting $4+ in the medium term. The famed New York π realtor is undervalued and ripe for a turnaround rally.
Key Financial Highlights (21Nov24, π³πΏNZ Time):
β’ Pre-Market Price: $2.27 (+15.23%).
β’ Price-to-Sales (P/S) Ratio: 0.2x, far below industry averages of 2.4x+.
β’ Revenue Growth Forecast: Expected 23% YoY growth, outpacing the industry average of 17%.
β’ Market Capitalisation: $208.5M, with a low-risk profile for recovery investors.
Todayβs Technical Outlook:
β’ Current Price: $2.27.
β’ Resistance Levels: $3 (short-term), $4 (next breakout target).
β’ Chart Pattern: Forming a bullish cup-and-handle pattern, pointing to a strong upward momentum.
Analyst Ratings:
β’ Strong Buy: 100% π’
β’ Upside Potential: Analysts estimate higher revenue growth, yet market sentiment hasnβt caught up.
Chart Insight:
The technical setup shows DOUG breaking free from a prolonged downtrend, supported by volume spikes and bullish price action. This is a classic recovery play, with a clear trajectory toward $4+.
Why DOUG Matters:
As a leading name in real estate, Douglas Elliman is poised for a comeback. While its revenue growth has lagged in recent years, forecasts suggest a strong rebound. With a P/S ratio well below industry standards, DOUG offers significant value for traders and long-term investors alike.
The famed New York realtor might have suffered from poor IPO timing, but its fundamentals and industry leadership position make it a compelling turnaround story.
Happy trading ahead. Cheers, BC πππ
@Tiger_comments @TigerObserver @TigerPM @TigerStars @Daily_Discussion @TigerPicks @TigerGPT
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Douglas Elliman Inc. (DOUG) - Stock Analysis
Company Overview:Douglas Elliman Inc. is a leading name in the real estate industry. While it has experienced a decline in revenue growth in recent years, forecasts suggest a strong rebound. The company is currently undervalued and offers significant value for traders and long-term investors.
Latest Earnings and Forecast:
2024 Q3 Earnings: EPS: -0.33, ROE: -58.68%, Gross Profit Margin: 100.00%, Quick Ratio: 2.16, Current Ratio: 2.29, Total Asset Turnover: 2.20, Return on Investment: -5.71%, Net Assets per Share: 1.89, Net Profit Margin: -10.21%.
Forecasted Earnings for 2024FY: EPS: -0.55(USD), Forecast Gross Income: 975.96M(USD), Forecast EBIT: -62.90M(USD).
Forecasted Earnings for 2025FY: Forecast EPS: 0.09(USD), Forecast Gross Income: 1.26B(USD), Forecast EBIT: 8.15M(USD).
Recent Capital Flow Data:The 5-day capital flow data for DOUG shows fluctuations in inflow and outflow amounts. The most recent data indicates a total inflow of 248.28K and a total outflow of 202.17K. The inflow and outflow amounts vary across different categories.
Support and Resistance Levels:As of November 19, 2024, the support price for DOUG is $2.04(USD), while the resistance price is $2.27(USD).
Analyst Target Price and Recommendation:According to analysts, the mean, low, and high target price estimates for DOUG are all $2.6(USD). There is currently only one analyst recommendation available, suggesting a "Strong Buy" for the stock.
Stock Price and Momentum:As of November 20, 2024, the stock price of DOUG is $2.27(USD). DOUG has recently shown signs of breaking free from a prolonged downtrend and forming a bullish cup-and-handle chart pattern. This indicates a strong upward momentum and potential for a turnaround.
Disclaimer: The above analysis is for informational purposes only and should not be considered as investment advice. The stock market is subject to inherent risks and normal fluctuations in stock prices. It is important to conduct thorough research and analysis before making any investment decisions.
Please note that the information provided may not be comprehensive. For a more detailed analysis, it is recommended to consult with a professional financial advisor.
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