Company Overview: Fisher & Paykel Healthcare Corporation Limited (ASX: FPH) is a provider of medical devices and technologies. The company designs, manufactures and markets products and systems for use in surgery, acute and chronic respiratory care, and the treatment of obstructive sleep apnoea. Kalkine’s Daily Report covers the Key Financial Metrics, Risks, Outlook, Technical Analysis along with the Valuation, Target Price, and Recommendation on the stock.
Section 1.0: Key Metrics in Pictures
Having looked at the key financial ratios above the below sections provide an in-depth fundamental, and technical analysis on this one ASX-listed FinTech stock along with recommendations, technical support and resistance levels and indicative stop-loss.
Section 2.0: Fisher & Paykel Healthcare Corporation Limited (‘Buy’ at AUD 18.66 current market price per share as on 27 October 2023)
2.1 Company Details
2.2 Stock Recommendation and Valuation
The stock has witnessed a dip of ~16.5% in last three months, and over the last six months, it has decreased by ~26.6%. The stock has a 52-week low and 52-week high of AUD 17.25 and AUD 26.08, respectively and is currently trading below the 52-week high-low average. FPH was last covered in a report dated ’27 September 2023’.
Markets are trading in a highly volatile zone currently due to certain macro-economic and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.
Note 1: Past performance is neither an indicator nor a guarantee of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is October 27, 2023. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.
Technical Indicators Defined: -
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
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