(VIANEWS) – LATECOERE (CAC 40: LAT.PA) stock has suffered an unprecedented 30.07% drop over 10 sessions, ending up at EUR0.01 at 15:10 EST Wednesday after two consecutive losses. Meanwhile, CAC 40 is down 0.58% to EUR8,153.35 after experiencing an upward trend earlier. LATECOERE’s current closing price stands 99.72% below its 52-week high of EUR4.88
About LATECOERE
Latecoere SA is an aerospace specialist dedicated to designing, producing, assembling and installing aerostructures and interconnection systems. Latecoere operates across Europe, the US, Africa and Asia through two key segments: Aerostructures and Interconnection Systems. Latecoere also supplies various components like doors, fuselage sections wings empennage and connecting rods for its customers’ aircraft. Additionally, this company produces wing subassemblies and fuselage components, such as tail cones, front fairings and watertight bulkheads. Latecoere offers interconnection system components such as avionics racks, test benches, EWISs, space harnesses, cameras and screens as well as data transmission solutions and electronics for interconnection applications. Established in 1917 and headquartered in Toulouse France, Latecoere is part of SCP SKN HOLDING I SAS and was established over 100 years ago.
Yearly Analysis
Based on the provided data, here is a concise analysis of LATECOERE’s stock:
Yearly Top and Bottom ValueLATECOERE’s stock is currently trading at EUR0.01, significantly below its 52-week high of EUR1.25 but also significantly above its 52-week low of EUR0.42.
Anticipated Sales GrowthLATECOERE’s sales growth for this year is anticipated to reach 29.9%, representing an impressive growth rate. Looking forward, their anticipated sales growth for next year should still be positive but lower – suggesting they may be experiencing rapid expansion but it may not be sustainable in the long run.
Investment ProspectusUpon the basis of anticipated sales growth this year and next, and positive projected rates, LATECOERE may represent an attractive investment opportunity for those willing to assume greater risks. Investors should carefully examine current market conditions, the company’s financial health status and any threats or challenges which could inhibit its future expansion plans before making their final investment decision. It is strongly advised that you conduct additional research or seek professional advice prior to taking any such actions.
Technical Analysis
LATECOERE stock has experienced a recent downward spiral, as evidenced by its current price being significantly below both its 50-day and 200-day moving averages, signalling bearish trend both short- and long-term. Trading volume of only 169,347 shares, which represents 76.64% less than its average volume of 3,189,950 shares, reinforces this sentiment of bearishness.
Further, based on its positive intraday variation average of 0.50% in the past week, 0.71% last month, and 2.24% over the last quarter, this stock may be experiencing low volatility; this may signal lack of interest or consolidation period for it.
The stochastic oscillator, an indicator that measures overbought and oversold conditions, indicates that LATECOERE stock is currently overbought (>=80), which could signal a potential correction or consolidation period in its movement.
Overall, LATECOERE appears to be on a downward trend with low trading volumes and overbought conditions. Investors should exercise extreme caution and closely track its performance before making any investment decisions.
Quarter Analysis
According to the provided data, this company has experienced remarkable year-on-year quarterly revenue growth of 45.2% since 2018, with current annualized revenue being 565.55M for twelve trailing months. This impressive rate shows how it is expanding its business and producing greater revenues; an AI language model like me cannot offer financial advice; but this information may assist investors in making informed decisions regarding their investments.
Equity Analysis
Morningstar reports LATECOERE’s current dividend yield as 9.26%; however, due to negative EPS of EUR-0.25 and an ROE of -311.52% over the last 12 months (representing net negative profit), investors should carefully consider these factors prior to making any decisions about investing.
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