Shaver Shop is really a strange stock.It has been in a tight...

Shaver Shop is really a strange stock.
It has been in a tight range of trading since Oct 2020 (0.90 $-1.25 $).
During that period, its results have never disappointed.

Recently, it has shown a strong resistance, in a difficult environment for retail companies.
Their last published results (H1 24) once again was a good illustration of their resistance, with an EBITDA decrease of only 7.5 %, despite a sales decrease of 3.7 % (- 4.6 % lfl).
It was due to a good level of gross margin (44.4 %, up 10 bp) while their cost of doing business was almost flat (+ 0.3 %).

The main reason I can find for the stability of the share price is the attitude of the insiders.
According to market index website, insiders have sold a significant level of shares since Nov 22 and none of them have bought shares during that period.
It may be a good sign that there was no major insider selling since the beginning of March 24.

Anyway, I expect Shaver Shop to show better results for H2 24, like a lot of retailers who have communicated recently.
The stock is now so cheap that it is difficult to ignore.
Based on FY 23 results, Shaver Shop has a free cash flow yield of 10.8 %, a PE 23 of 9.6 x and a yield of 8.3 % (pay-out of 78 %).

I do not remember to have seen a similar story before.
Technical analysis may be of some help in such a case.