Attention to the sprint restart of Saipem shares – projectionsdiborsa.it
If the trophy for the most massacred share in Piazza Affari existed, Saipem would have a good chance of winning it. In fact, from the historical highs, the quotations have lost more than 99.5% and in the last 12 years as many as 11 have closed downwards. However, the tide may have changed. So, pay attention to the sprint restart of these actions.
Saipem could be the stock of 2023 – projectiondiborsa.it
Why these actions may come as a surprise in 2023
Surely 2022 does not go down in the annals of Saipem as a particularly brilliant year. Since the beginning of the year, in fact, the quotations have lost more than 70% and will be among the worst in the entire Milanese list. Only Banca MPS managed to do worse. We recall that among the causes that unleashed the downpour of sales on the stock are yet another profit warning and the 2 billion capital increase.
The prospects for the title, however, are good. As reported by some analysts, in fact, the company could benefit from the release of billions of euros for the high-speed works in the South. Saipem, in fact, is closing 2022 with a order book clearly growing and very promising for the years to come.
It should be noted that from the lows in the 0.57 euro area, the stock has recovered over 80% and still has a long way to go.
Attention to the sprint restart of these actions: the indications of the graphic analysis
The stock title Saipem (MIL:SPM) closed the session of 8 December up 2.08% on the previous session at 0.9992 euros.
The averages on the stock crossed upwards and during the last week, which saw Saipem as the best stock with an increase of more than 10%, the quotations broke the short-term average upwards, giving an important demonstration of strength. It should be noted that such a prolonged rise has not been seen on the stock for about 2 years. Therefore, there are no signs of weakness. The rise, in fact, is also supported by the SwingTrading Indicator.
Only a weekly close below the long-term average could give a signal of weakness.
Title evaluation
From an evaluation point of view, whatever indicator is used, Saipem stock is always undervalued. For example, the price-to-turnover ratio is 0.2 and is one of the lowest in Piazza Affari. Furthermore, according to this parameter, Saipem’s prices are undervalued by80% compared to the competitors’ average.
This level of underestimation it is basically confirmed by the fair valuecalculated using the discounted cash flow method. According to this indicator, in fact, Saipem has an underestimation level of about 50%.
Furthermore, as reported in specialized magazines, the average target price of analysts expresses an underestimation of approximately 50%.. The problem is related to the dispersion of recommendations, which is over 60%. Suffice it to say that in the most optimistic scenario the target price is 5.2 euros, while in the most pessimistic one it is 0.7 euros.
