This Penny Stock Could Rise

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This Penny Stock Could Rise

This Penny Stock Could Rise By 117%

According to analysts, Strix Group has the potential to rise by 117%. It is worth noting that Strix Group is a UK penny stock that is under a long-term bearish trend.

quick look at the stock history shows it has lost more than 90% of its value in the last few years. So, it wouldn't be an exaggeration to say that Strix Group stock is dirt cheap.

Strix Group Stock Price Could Rise To 75p

However, a few analysts think that the Strix Group stock was oversold and now there's a chance for a solid recovery. They have set a target of 75p, which means there's a potential of more than 100% upside.

So, if Strix Group stock indeed manages to rise that much, then it represents a big opportunity for investors. This means if someone put $5000 into the Strix Group stock, it would be worth $11K in the next 12 months.

Strix Group makes kettle safety controls and is basically a global leader in this niche. The product made by Strix Group automatically turns off the kettle once it is boiled. Strix Group also makes water taps, control systems, water filters, and several other products.

So, what went wrong for Strix Group? It all started during COVID when China went through a prolonged lockdown. As China was the manufacturing site for Strix Group, it messed up the supply chain of the firm.

With all things considered, analysts think the valuation of Strix Group is very attractive. They also added that the P/E and the forward P/E of Strix Group stock are also very good and show the stock is dirt cheap.

For starters, the forward P/E of Strix Group is only 6.2, which means even a little positive news will send it to record highs. But as it goes with penny stocks, it is also worth mentioning that the risks are equally high.

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