$QTWO Flat base Breakout?

2023年12月7日

Here is another off the radar company that has the potential to double in price over the next year. Today it is peaking out over a most recent flat base. Since the most recent low on Oct 31st, this stock has rallied by over 30% and is hitting a 52-week high today as well. I do not know if it can get back to the all-time high of about $147.00 per share but I do think it can be a solid gainer.

I have opened a ¼ size position in this today as it is breaking out. I will place my stop just under today’s low of 36.98 which makes for a good risk reward as a trader. An investor who plans on holding a longer term (a year or more), a stop could be placed under the most recent higher low or maybe the large bar on Dec 1st. Either of those 2 areas would give a lot of breathing room. I, however, like a tighter stop and I am not opposed to getting stopped out and getting back in even at a higher price.

Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.

From earningswhispers.com:
Q2 Holdings Beat Consensus Estimates
Wednesday, November 1, 2023, at 4:30 PM ET
Q2 Holdings (QTWO) reported a loss of $0.15 per share on revenue of $154.97 million for the third quarter ended September 2023. The consensus estimate was a loss of $0.17 per share on revenue of $155.44 million. The company beat consensus estimates by 11.76% while revenue grew 7.06% on a year-over-year basis.

The company said it expects fourth quarter revenue of $160.3 million to $163.3 million. The current consensus revenue estimate is $161.42 million for the quarter ending December 31, 2023.

Q2 Holdings Inc through its subsidiary is engaged in providing secure, cloud-based virtual banking solutions. Its software suite includes integrated modules for online banking, telephone banking, mobile banking, and core account management.