In the utilities sector, Ascopiave is traveling at twice the average speed – depositidiborsa.it
After a very strong start, the utilities sector is proceeding slowly upwards with a performance of 7% since the beginning of the year to be compared with the 14% of the Ftse Mib. This reduced performance, however, should not come as a surprise. The shares of the utilities sector, in fact, are characterized by a beta lower than 1. This means that both in the good (up) and in the bad (down) on average they move more slowly than the main index. Yet, in the utilities sector, there is one stock moving at double speed. After a very troubled year, Ascopiave shares, with a performance of around 14% since the beginning of the year, are particularly distinguishing themselves in Piazza Affari.
In the utilities sector there is a title that moves at double speed: the indications of the graphic analysis on Ascopiave
The title Ascopiave (MIL:ASC) closed the session of 8 February up by 4.48% compared to the previous session at €2.80.
With the session of 8 February quotations have reached levels they have not seen since August 2022. Even the recorded upside is not common enough. In the last 3 years, in fact, it has only been recorded another fifteen times. The interesting thing, though, is that it was accompanied by an increase in volumes equal to 170% compared to the average of the previous five days.
The averages are crossed to the upside and the SwingTrading Indicator is in the bullish position. For the moment, therefore, the rise should continue without problems.
An upward trend is set for the Ascopiave share – depositidiborsa.it
Title evaluation
According to the main indicators used for the valuation of a stock, Ascopiave is always overrated regardless of the metric used. For example, the price to earnings (PE) ratio is worth 15.1x compared to the industry average of 13.6x. The overvaluation becomes even more important when looking at the price-to-turnover (PS) ratio. In this case, in fact, the PS is worth 3.9x to be compared with the average one equal to 2x. Not only, therefore, Ascopiave is 50% overvalued compared to its competitorsbut it is absolutely overrated given the value of the PS.
The overvaluation is also confirmed by the fair value, calculated using the discounted cash flow method. In this case Ascopiave shares are overvalued by about 37%.
For analysts, on the other hand, the stock has excellent growth prospects given that the average target price expresses an undervaluation of around 47%.
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