Sentiment: Bullish Long term | Sideways on the short term.
Redbubble is a global online marketplace for print-on-demand products based on user-submitted artwork. The company was founded in 2006 in Melbourne, Australia, and also maintains offices in San Francisco and Berlin.
The company facilitates the sale and purchase of art and designs on products sold by independent creatives to consumers. It operates through its online marketplaces which the websites are teepublic.com and redbubble.com
The company’s community of passionate creatives sell uncommon designs on quality products such as apparel, stationery, housewares, bags, wall art, etc.
The company has reported significant performance growth during H1FY21.
Revenue increase by 96% to $350 million in H1FY21.
34.5% Increase in Gross Margin in H1FY21, compared to H1 FY20, which means the business not only grown this year but also 3.5% more than last year growth in the same period.
Company has comfortable cash position of $130 million.
Selling artist on the platform continues to growth in a very solid pattern.
Company’s TOP 10 Shareholders
Fundamentals are favorable for further SP growth, as long as the next half year growth stays in line to this.
Buying at the current levels (under SMA) means you are not FOMO.
SP is currently trading above EMA (Yellow Line).
Possible bullish intersection level 1 ahead (EMA on SMA) – to be confirmed.
Heiken Ashi has is currently, SP needs to keep above SMA in order to continue the bullish trend.
SP is currently trading under SMA, stop loss is a must.
Buying now would give an investor a possible upside of 25%.
Strategy: BGS 20 Strategy
Stop loss: 20% from the purchased price.
Estimated Lead Time: 2 – 3 months.
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