FOCIF - Focusrite: Wait For Sure Signs Of Growth
2024-01-23 14:37:00 ET
Summary
- Focusrite's stock price has risen by almost 24% in January 2024, potentially starting its recovery after crashing from its highs in 2021.
- The recent trading update shows hope for better times ahead and the market multiples look attractive too.
- The company's inorganic growth strategy has held it in good stead over the past few years, and its fast paced acquisitions also hold promise for the future.
- However, the post-pandemic adjustment in revenues and earnings has been ongoing and we don't know yet how long it will continue.
Audio technology company Focusrite plc ( OTC:FOCIF ) might have crashed spectacularly from its highs of 2021 (see chart below), but January 2024 has started on a good note. It's up by almost 24% so far this month. So is it making its way back up to the highs?...
Focusrite: Wait For Sure Signs Of Growth