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- 1 HLMA stock price: the company has been making recurring revenue growth over the years.
- 2 The RSI is in a downtrend near its oversold levels.
- 3 The HLMA stock price is giving a dividend yield of 0.75%
Halma Plc (LON: HLMA) is a listed holding company that facilitates the development, production, and sale of high-quality hazard and life protection products. The firm operates in segments like Process Safety, Infrastructure Safety, Medical, and Environmental Analysis. The HLMA stock has a market capitalization of £7.6 Billion.
Financial Snapshot of the HLMA stock
The financial analysis of the profit and loss statement gives us some interesting insights. The revenue has grown, with a Compound Annual Growth Rate (CAGR) of 11%. In 2022, it reached £1.85 Billion, which was a yearly growth of 21% In 2022, the net profit was £234 million, 12% of the revenue that occurred during the year. This net profit figure gives a decent return on equity (ROE) of 15.6%. Moreover, the return on assets (ROA) in 2022 was 9.41%.
The focus of management
Looking at the net profit over the years, the management is more focused on maintaining its cash reserves rather than heavily reinvesting in the business itself. One of the major reasons is that the firm is giving regular dividends to its shareholders. Last year, Halma Plc gave a dividend per share of £0.19, which created a dividend yield of 0.75%.
Technical Analysis and Prediction of HLMA Stock Price
As of this writing, the HLMA stock price is seen trading at the level of £2003. As the bears have taken control, they have broken the immediate support level of £2046. The bears are trying to sustain past this level. However, it will be too early to say that they have succeeded
Looking at the levels beyond the first pivot points, the 2nd support of £1957 is where the bears are trying to head towards. However, on the upper side, the 2nd resistance is at £2278.
The relative strength index indicates weak strength in bulls
On the other hand, the Relative Strength Index (RSI) indicator is showing a downtrend near its oversold level of 30. It could indicate a potential buying opportunity for investors. However, as the HLMA stock price fell below the current support level of £2046, the RSI also made a bearish crossover with its Simple moving average (SMA) line. As of this writing, the RSI is at 31 while its SMA is at 47.
Conclusion
Halma Plc (LON: HLMA) is a listed holding company that facilitates developing, producing, and selling life protection products. The company’s revenue is growing with a cagr of 11% over the past few years. At present the bears have broken a support level. They are likely to sustain the price below it if the bulls don’t make a comeback soon.
Technical Levels
Support: £2046 and £1957
Resistance: £2167 and £2278
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
