Similarweb – Data Analytics Expert


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Summary

  • Similarweb shows strong technical buy signals, with a 41.81% gain since 11/7 and a 163.18% gain in the last year.
  • The company offers comprehensive digital intelligence solutions across various sectors, including retail, finance, and media, with significant revenue and earnings growth expected.
  • Analysts provide strong buy ratings with a consensus price target of $15.00, despite MorningStar’s view of the stock being 27% overvalued.
  • Barchart emphasizes the stock’s volatility and recommends a disciplined investment approach, including diversification and regular stop loss reevaluation.
  • The Chart of the Day belongs to the data analytics company Similarweb (SMWB). I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 11/7the stock gained 41.81%. SMWB Price vs Daily Moving Averages Similarweb Ltd. provides cloud-based digital intelligence solutions in the United States, Europe, the Asia Pacific, the United Kingdom, Israel, and internationally. The company offers digital research intelligence solutions for its customers to benchmark performance against competitors and market leaders, analyze trends in the market, conduct deeper research into specific companies, and analyze audience behavior; and digital marketing intelligence solutions for its customers to understand their competitors’ online acquisition strategies in each marketing channel, and optimize their own strategies. It also provides sales intelligence solutions for its customers to access relevant buying signals and digital insights of their customers to generate leads quickly; and shopper intelligence solutions for its customers to analyze a view of their customers’ digital journeys, monitor consumer demand, increase brand visibility in the search process, and optimize category and product level conversion in the purchase process. In addition, the company offers investor intelligence solutions for its customers to access an end-to-end view of market, sector, and company performance to ideate and monitor investment opportunities; forecast market performance; and perform due diligence. Further, it provides data-as-a-service and advisory services. The company serves retail, consumer packaged goods, consumer finance, consultancies, marketing and advertising agencies, media and publishers, business-to-business software, payment processors, travel, and institutional investors. Similarweb Ltd. was incorporated in 2009 and is headquartered in Givatayim, Israel. Barchart’s Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
    Barchart Technical Indicators:

  • 100% technical buy signals
  • 155.81+ Weighted Alpha
  • 163.18% gain in the last year
  • Trend Seeker buy signal
  • 1.03 – 60 month Beta
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 52.63% in the last month
  • Relative Strength Index 74.76%
  • Technical support level at $12.53
  • Recently traded at $13.09 with 50 day moving average of $10.04
  • Fundamental Factors:

  • Market Cap $1.06 billion
  • Revenue expected to grow 14.55% this year and another 14.26% next year
  • Earnings are estimated to increase by 360.58% this year and an additional 45.66% next year
  • Analysts and Investor Sentiment — I don’t buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it’s hard to make money swimming against the tide:

  • Wall Street analyst gave 5 strong buy and 3 buy opinions on the stock with a consensus price target of $15.00
  • Value Line rates the stock its average rating of 3
  • CFRA’s MarketScope rates the stock a strong buy
  • MorningStar thinks the stock is 27% over valued
  • 1,750 investors monitor the stock on Seeking Alpha
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