Cineplex $CGX making a comeback!
Key Stats
Top 3 Technical Reasons (Bullish Bias)
Top 3 Fundamental Reasons (Bullish Bias)
Potential Paths to Profit
Disclaimer: We are not a brokerage or investment firm. We do not offer financial or investment advice. This is not certified financial education. All sales are final, and refunds are not offered.
- Price: $12.63 (as of Dec 1, 2024)
- Market Cap: 798M CAD
- Revenue (TTM): 1.39B CAD (+1.95% YoY)
- P/S Ratio: 0.78
- Next Earnings Date: February 2025
Top 3 Technical Reasons (Bullish Bias)
- Strong support near $12.50: CGX has been testing this zone, forming a solid base with potential for a bounce.
- Breakout Watch: A bullish ascending triangle is forming, signalling a possible breakout towards $16.
- Volume Uptick: Recent trading days show increased volume on up moves—buyers are stepping in.
Top 3 Fundamental Reasons (Bullish Bias)
- Revenue Growth Resilience: Despite sector struggles, Cineplex's revenue rose 1.95% YoY, outpacing some peers.
- Deep Value Play: A P/S ratio of 0.78 highlights undervaluation compared to broader industry averages.
- Canada’s Cinematic Recovery: Increased box office sales as tentpole releases and audience confidence return post-pandemic.
Potential Paths to Profit
- Low-risk: Buy shares outright and aim for the $16 target.
- Options Play: Consider $15 strike calls expiring in May 2025 for leverage.
Disclaimer: We are not a brokerage or investment firm. We do not offer financial or investment advice. This is not certified financial education. All sales are final, and refunds are not offered.
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