Company Overview: Ramsay Health Care Limited (ASX: RHC) is engaged in providing a range of acute and primary healthcare services. The company is the owner and operator of private hospitals, imaging centres, primary care clinics, day surgery facilities, and pharmacies in Australia, the UK, and many other countries. Jupiter Mines Limited (ASX: JMS) is an Australia-based mining company holding a 49.9% interest in Tshidi é Ntle Manganese Mining Proprietary Limited, which operates in South Africa-based Tshipi manganese mine. Kalkine’s Daily Report covers the Key Financial Metrics, Risks, Outlook, Technical Analysis along with the Valuation, Target Price, and Recommendation on the stock.
Ramsay Health Care Limited (ASX: RHC)
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 Health Care stock along with recommendations, technical support and resistance levels and indicative stop-loss.
Section 2.0: Ramsay Health Care Limited (‘Buy’ at AUD 50.800, closing market price as on 1 February 2024)
2.1 Company Details
2.2 Stock Recommendation, and Technical Guidance
The stock has witnessed a fall of ~12.09% in 6 months and over the last 9 months, it has declined by ~16.02%. The stock has a 52-week low and 52-week high of AUD 46.760 and AUD 69.660, respectively and is currently trading below the average of 52-week high-low average. RHC was last covered in a report dated ‘9 January 2024’.
Jupiter Mines Limited (ASX: JMS)
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 Materials stock along with recommendations, technical support and resistance levels and indicative stop-loss.
Section 2.0: Jupiter Mines Limited (ASX: JMS) (‘Speculative Buy’ at AUD 0.175, closing market price as on 1 February 2024)
2.1 Company Details
2.2 Stock Recommendation, and Technical Guidance
The stock has witnessed a fall of ~10.26% in 6 months and over the last 9 months, it has declined by ~22.22%. The stock has a 52-week low and 52-week high of AUD 0.165 and AUD 0.255, respectively and is currently trading close to its 52-week low. JMS was last covered in a report dated ‘28 December 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 not a reliable indicator of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is 1 February 2024. 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.
Note 4: Dividend Yield may vary as per the stock price movement.
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.