The company focused on the service space have a massive drop down of -89% in a year. The all-time high for ERST was 13.38.
Estre Ambiental which possesses 14 companies finished yesterday`s day with -14% at price $0.99
What is smart to do in this kind a situation is to find further trend before you decide to put your cash in trash. ESTR operates through four segments (Collection & Cleaning, Landfill, Oil & Gas, and Value Recovery), providing waste-related and environmental services for municipal, commercial, and industrial customers in Latin America and Brazil.
Some of kay figures for EST are ROI -115.70%, Operational Margin -49%, Beta 2.7, BookV/Sh -6.15, Institutional ownership is 81.5% , Private equity ownership 18% and Short ratio is 1.42. ESTR underperformed the market in USA, and Commercial Services industry which returned 11% vs ESTR`s -89%. Company`s sales is -17%, meaning- No profit.
Can this be the call to action to buy ESTR? As Buffet said- Be greedy when others are fearful-
“Be Greedy When Others Are Fearful”
You can find a point of buying undervalued stocks, reword can be astonishing by time.
From TA perspective we potentially have two trend reversal signals. First is Triple Bottom technical formation, and second is ADX with readings at 20 levels which showing us trend strength.
In this case it is weak one. RSI at his current level can be our turning point conformation.
What ever you decide, to hold from a side or to be greedy when other are fearful and to buy as much as you can do not forget to use proper risk and money management.
Comentarios