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Opinions Hap (Robert) Sneddon FCSI
Flyht Aerospace SolutionsFLY.VCOMMENTJan 03, 2014
Hap (Robert) Sneddon FCSIStock price when the opinion was issued
As of Dec 30, 2024. Market Open.
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Profit of 1c per share beat estimates of -1c.
Revenue of $7.2M beat estimates by 11.4%. EBITDA was positive $1.17M vs an expected loss of $305,000. Sales rose 186% so certainly a nice improvement. Margin was 67% up from 49.5%.
Profit was the highest in three years as the airline sector recovered from covid.
All four categories grew in the quarter.
Considering some macro and cost pressures, this was a good quarter.
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A frustrating stock. Here it's a buy. Super-promising business. Provide streaming of data to the ground, which saves customers money. Major developments in last 6 months that are pushing the company forward. Westjet became their first tier-one customer, so this is the crack in the door.
Alex Ruus
Robert McWhirter
Hung steady until August when it took a pop, obviously on some good fundamental news. Relative Strength (RSI) is kind of in the middle of the line, indicating it is not overbought or oversold. MACD has been weakening since early fall, so you have a little bit of divergence with the price continuing higher and some of the metrics starting to weaken. Has some pretty good support at $0.45 and the next level would be in the $0.40 range, with the next support at just under $0.30. With the smaller cap name, you are going to have to know the fundamental story.