Chabe 01 / Wikimedia ID Logistics had a very good performance on the Paris Stock Exchange. The specialist in contractual logistics services has already seen its action soar from 42% since the July low. The group offers order preparation, warehousing, packaging, supply chain management, transport and shipment tracking services. “Its momentum remains excellent, with numerous calls for tenders and an e-commerce sector still in turmoil”, argues Arnaud Cayla, Deputy Managing Director at Cholet Dupont Asset Management, interviewed by Capital.
“Very solid organic growth (high visibility, good references, track record e-commerce, etc.), the ongoing deployment in the United States (response to calls for tenders) and leverage on margins (stronger from 2022) confirm our positive opinion of the file ”, underlines the manager. Mergers and acquisitions (files of potential targets are being studied in the United States) will continue to be a good catalyst for the stock price, the expert judges.
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What does technical analysis say?
If the ID Logistics share seems to be a very good growth stock, over time, technical analysis (analysis graphical and mathematical prices) nevertheless calls for caution, in the shorter term, in our opinion. Indeed, the action has rallied the upper limit of a medium-term bullish channel and has just emerged from the bottom of a negative configuration of breathlessness known as an ascending wedge. A delay of the action is to be feared, in the near future, in our opinion.
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