![]() ![]() Since Solo Brands has a debt-to-equity ratio of just 030%, this is an encouraging number that suggests it may continue to generate positive net cash from its operating activities. The stock sports a B Accumulation/Distribution Rating and 20 funds with an A+ rating from IBD own. EBITDA margin measures how much operating cash is generated for each dollar of revenue earned. The number of funds holding shares of IT stock has jumped from 1,712 in Q1 to 1,868 in Q4. On the other hand, the company is forecasting an EBITDA margin between 16.5% and 17.5%. However, it would be far below analysts’ estimates for 18.7% growth. That would be a modest gain of just 2% from 2022. The mid-point of that guidance is below the consensus outlook for $538.50 million. Solo Brands is forecasting full-year revenue for 2023 from $520 to $540 million. But caution doesn’t mean the guidance was bad. Regarding guidance, the company expressed similar caution to what many companies offer. Revenue of $197.2 million was $40.79 million higher than estimates and 11.7% higher on a year-over-year (YOY) basis. That was 10 cents higher than analysts were expecting. (NASDAQ: AOUT).Įarnings per share (EPS) came in at 33 cents for the quarter. If consumer interest in outdoor activity is still strong, it could bode well for other companies getting ready to report, such as American Outdoor Brands, Inc. And the direct-to-consumer company, perhaps best known for its Solo Stove firepit, delivered numbers that showed demand for the company’s is still, pardon the pun, on fire. The penny stocks screener scans for stocks under $5 exclusively with volume filter.Solo Brands is known for its lifestyle products. To find gap up penny stocks, you can use our penny stock scanner. You can also find this today's gap up stocks list with our free mobile apps. To learn how to find gap up stocks with the gap scanner and how to trade breakout stocks, read Breakout Trading Strategies. Try Smart Scan for profitable trade setups Do not chase a stock and enter a trade at a non-optimal price, because that's how traders lose money My stop loss is placed at little lower at the original price when the stock gaped up.Īlso, if a stock doesn't pull back after it gaped up, I would pass this stock and move on to the next one. However, if the stock doesn't move or kept dropping after I bought it, I would sell the stock and take a small loss. ![]() Often times when the market is strong, the stock will be back at their peaks and even reach new highs in a short period of time. I would try to buy the stock at a price as close to the previous day's closing price as possible. I would buy this kind of stock and waiting for the stock to bounce. As long as the gap is not getting filled, What I've learn is that after a stock pop up on earnings beat, there are short term traders who want to unload the shares for a quick profit. It works fairly well with Amazon's stock. Additionally, you may filter stocks by exchange or market cap (U.S. One gap up strategy I use is to buy a stock on pull back after it gaped up 10% or more on positive earnings report during earnings session. The Five Day Gainers/Losers page highlights stocks which have had a consecutive 5-day gain (or loss). So traders must have tight stop loss to manage trading risk. The stock may go up and then retrace to the previous level or even lower, However, if a stock gap up with low volume, there is high chance it is a false breakout. When a stock is trading on the sideways for a period of time,Ī gap up stock could mean the stock is finally ready for a breakout and hence worth watching for swing traders. ![]() When a stock gap up at the bottom of an down trend with strong volume, it is possible that a reverse trend is coming. Often times when a stock gap up, there are some kind of positive news about the company itself, the industry, or the market in generally. To get intraday penny stocks update (every 5-10 minutes), please signup for a free account. ![]()
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