Is this the Right Time to Buy CMPR Stock? 

Cimpress (CMPR) stock price has been in a strong uptrend, forming higher lows since the start of 2023, rising from the low of $26. The stock price formed an annual high at $72.97 and faced strong rejection. CMPR retraced after rising above $70 due to the strong presence of bears above the level. 

CMPR stock price corrected the bullish move and formed support at $62.30. On September 14, the asset price regained bullish momentum, rallying 11.68% in a single day. It is currently headed toward retesting $72. The last candle closed as a bullish one. 

If the next candle can break the high of the last candle, the price might retest $72 and potentially shatter the resistance level of $72 and rise toward the next resistance level of $74 and $80. 

On the other hand, if CMPR stock price faces rejection from $72, it might retrace back to the recent support of $62.30. Traders looking for buying opportunities should wait for the candle to close above $72.

Analysis of Cimpress PLC

The company’s division includes Vista, PrintBrothers, The Print Group, National Pen, and many other businesses. It generates maximum revenue from the Vista segment. 

Cimpress PLC’s cash-to-debt ratio is 0.1, worse than 84.82% of the companies in the Media Diversified industry, indicating poor financial strength. The company has been unprofitable 6 times out of the past 10 years. The operating margin is 3.46% better than 50.59% of Media Diversified companies. 

Cimpress PLC’s 3 years average annual growth rate is 9.5%. On September 14, Sean Edward Quinn, Executive Vice President and Chief Financial Officer, sold 7,795 Cimpress shares worth $530,060.

The marketing material is expected to post a quarterly loss of $0.23 per share in its upcoming earnings report, a year-over-year change of +76.3%. The consensus has estimated the revenue to be $768.67 Million, an increase of 9.3% from the previous quarter. 

Will CMPR Stock Price Rise to $80?

The stock price has surged above 20, 50, 100, and 200-day exponential moving averages, suggesting bullish momentum. The Chaikin money flow score climbed above the 0 mark and stood at 0.05, indicating slight strength and capital inflow in the market. 

The relative strength index stands at 61.20, implying strong participation of bulls and a bullish momentum. The Bollinger bands have started to expand, suggesting the rise in volatility. 

Conclusion

Cimpress’s market structure and price action are bullish and will shatter the $72 resistance level. While CMPR’s financial health is poor, its profitability is fair. 

Technical Levels

Major support: $62.30 and $57

Major resistance: $74 and $80

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.

Steve Anderrson
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