🧑📈 GODADDY ANALYSIS

bananaramana (40)in LAKSHMI • 3 years ago

1
Godaddy reported Quarter December 2021 earnings of $0.52 per share on revenue of $1.0 billion. The consensus earnings estimate was $0.41 per share on revenue of $970.5 million. The Earnings Whisper number was $0.52 per share. Revenue grew 16.6% on a year-over-year basis.

The company said it expects first quarter revenue of $985.0 million to $990.0 million and revenue of $4.14 billion to $4.16 billion. The current consensus revenue estimate is $995.91 million for the quarter ending March 31, 2022 and revenue of $4.17 billion for the year ending December 31, 2022.

GoDaddy is empowering everyday entrepreneurs around the world by providing all of the help and tools to succeed online. GoDaddy is the place people come to name their idea, build a professional website, attract customers, sell their products and services, and manage their work.

2
Since 11.02.2022 the stock is consolidating within an area ranging from $83.43 - $80.10.

WHAT DO I EXPECT NEXT?

3
I can imagine that the GoDaddy stock will continue to consolidate within the range and might break out of its consolidation channel as soon as the entire market has strength. If the stock moves above $83.43 with higher than average volume, it might be beneficial to buy the stock. When the stock price closes below its temporary low at $80.10 the trading scenario is invalid.

What are your thoughts? Leave a comment down below 👇