Revenue- 2022 TTM shows slowdown compared to the previous year
Profits – falling since 2017, negative cash flow
Net margin - very low with just 2.14% and consistently reducing since 2017
P/E – extremely high at 107 compared to S&P500 with 21
Liabilities - debt ratio is at 0.67 which is within normal limits, Net Debt/ EBITDA is at 3.36 – no problems with debt
Conclusion – it is very likely to start correcting
Technical Analysis (Elliott Waves):
Main scenario of this idea suggests that the high that was formed in July 2021 has completed the global growth cycle which can be observed in a higher timeframe through a five-wave impulse
Since then, we can see first impulsive move to the downside in wave A and currently forming deep correction in wave B
Using Fibonacci retracement levels, we can see that blue wave X is very near completion and a new bear cycle is soon to start
The target area for this move is the previous low of wave A at $101
What do you think about T-Mobile and its short term prospects? Also let me know if you would like to see other stocks, indices, Forex or Crypto analysed using Elliott Waves.
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