EPAM Systems, Inc. provides advanced stage engineering and programming improvement administrations in North America, Europe, Armenia, Belarus, Kazakhstan, Russia, Ukraine, Asia, and Australia.
Earnings are forecast to grow 20.30% per year
Earnings grew by 19.8% over the past year
Approx. 56% overvalued
Significant insider selling over the past 3 months
PE Ratio 58 (Industry 31.3, Market 19)
Ongoing occasions have been satisfying for EPAM Systems as its earnings have ascended regardless of the market's earnings going into turn around. The P/E is presumably high since investors figure the organization will keep on exploring the more extensive market headwinds superior to most. On the off chance of that not being the case, existing investors may be a little anxious about the suitability of the share cost.
Watch for a break above bull flag resistance (1) which should pave the way to 314s for the first target of interest. Increased buying pressure above the 314 handle could see EPAM test the top of the rising channel (A) at around 320/330s (2). Time frame short-medium term.
Earnings are forecast to grow 20.30% per year
Earnings grew by 19.8% over the past year
Approx. 56% overvalued
Significant insider selling over the past 3 months
PE Ratio 58 (Industry 31.3, Market 19)
Ongoing occasions have been satisfying for EPAM Systems as its earnings have ascended regardless of the market's earnings going into turn around. The P/E is presumably high since investors figure the organization will keep on exploring the more extensive market headwinds superior to most. On the off chance of that not being the case, existing investors may be a little anxious about the suitability of the share cost.
Watch for a break above bull flag resistance (1) which should pave the way to 314s for the first target of interest. Increased buying pressure above the 314 handle could see EPAM test the top of the rising channel (A) at around 320/330s (2). Time frame short-medium term.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.