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Sharkninja Inc(SN-N)
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Chart of the Day: SharkNinja Is Cleaning Up on All Time High

Barchart - Mon Apr 8, 7:00AM CDT

 The Chart of the Day belongs to the home appliance company SharkNinja (SN) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart  feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 2/ 12 the stock gained 23.61%.

SN Price vs Daily Moving Averages

SharkNinja, Inc., a product design and technology company, engages in the provision of various solutions for consumers worldwide. It offers cleaning appliances, including corded and cordless vacuums, including handheld and robotic vacuums, as well as other floorcare products comprising steam mops, wet/dry cleaning floor products, and carpet extraction; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, carbonation, cookware, cutlery, kettles, toasters and bakeware; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, such as hair dryers and stylers, as well as home environment products comprising air purifiers and humidifiers. The company sells its products through traditional brick-and-mortar retail channels and e-commerce channels, distributors, and direct-to-consumer channels under the Shark and Ninja brands. SharkNinja, Inc. was incorporated in 2017 and is headquartered in Needham, Massachusetts.

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart Technical Indicators:

  • 100% technical buy signals
  • 152.69+ Weighted Alpha
  • Trend Seeker buy signal
  • Above its 20, 50 and 100 day moving averages
  • 12 new highs and up 15.06% in the last month
  • Relative Strength Index 77.04%
  • Technical support level at $63.28
  • Recently traded at $64.72 with 50 day moving average of $55.08

Fundamental Factors:

  • Market Cap $9.00 million
  • Revenue expected to grow 6.60Y this year and another 7.00% next year
  • Earnings estimated to increase 10.60% this year and an additionl11.20% next year

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

  • Wall Street analysts have 5 strong buy, 2 buy and 2 hold recommendation in place on the stock
  • Price targets are between $56 and $75 with a mid-point of $67 for a 4% gain
  • CFRA's MarketScope Advisor rates the stock a hold
  • 871 investors monitor the stock on Seeking Alpha

Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.


 


On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

Provided Content: Content provided by Barchart. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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