Fox Factory Holding Corp. (NASDAQ:FOXF)broke out on 9 April at 133.59 and confirmed on 29 April at 156.99. Thus, garnering an LTN Cash Pile Buy rating with a 1 yr price target at 191.17/share.
The stock is trading at at 154.44 within its 52-wk trading range of 47.14 – 166.88. The Street’s consensus price target is at 143.71.
The Key support is at 130.71 and the overhead resistance is Nil over 162, 2 of our Key technical indicators have truned Very Bullish.
Note: The market expects Fox Factory Holding to deliver a Y-Y increase in earnings on higher revenues when it reports results for Q-1 on 6 May.
Fox Factory Holding Corp. designs, engineers, manufactures, and markets ride dynamics products worldwide.
The company offers mid-end and high-end front fork and rear suspension products for mountain bikes, road bikes, and e-bikes; and powered vehicle products for side-by-side vehicles, on-road vehicles with and without off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, and specialty vehicles and applications, such as military, motorcycles, and commercial trucks.
It also provides mountain and road bike wheels, and other performance cycling components, including cranks, chain rings, pedals, bars, stems, and seat posts, as well as sells aftermarket products to retailers and distributors.
The company offers powered vehicles under the FOX, BDS Suspension, Zone Offroad, JKS Manufacturing, RT Pro UTV, 4×4 Posi-Lok, Ridetech, Tuscany, and SCA brands; and mountain bikes and road bikes under the FOX, Race Face, Easton Cycling, and Marzocchi brands.
Fox Factory Holding Corp. was incorporated in Y 2007 and is HQ’d in Braselton, Georgia.
Have a healthy weekend, Keep the Faith!