Vipshop Holdings Ltd

What is Vipshop Holdings Ltd (VIPS)?

Company Overview Vipshop Holdings Limited (VIPS), operates as an online discount retailer for various brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The company offers women, men and children apparel. The Company's segment is sales, product distribution and offering of goods on its online platforms. The Company offers a range of products and services for consumers through lefeng.com. Vipshop Holdings Limited was founded in 2008 and is headquartered in Guangzhou.

VIPS, is it a good pick?

On Nov 18th 2021, the company published results with a revenue of $24.92B, overcoming the forecast that was around $24.7B. They also closed their EPS around $0.92, which was lower than expected with a forecast of $1.55 EPS.

Technical analysis

From Nov 5th to Nov 16th the share price went up 19.56% to trade at $13.03. From Nov 16th to Jan 4th the price went down -41.06% to trade around $7.78. The RSI recently reached the oversold zone while the MACD is finally showing the start of an uptrend tendency. The price could start increasing around 11.69% to trade at $8.65 in the short term.