WillScot (NASDAQ:WSC) Mobile Mini (NASDAQ:MINI_old) Holdings Corp. (WSC) has formed a key level of support and is declining against a down trending resistance line, forming a trading pattern known as a descending triangle. Once the stock breaks through either line, a big move is expected. Read more to learn how to take advantage of this trading opportunity.WillScot Mobile Mini Holdings Corp. (WSC) is a North American company providing modular space and portable storage solutions. The company leases turnkey office space and storage solutions for temporary applications across a diverse customer base in the commercial and industrial, construction, retail, education, health care, government, transportation, security, and energy sectors.
WSC is the one provider in an industry experiencing robust demand. Due to strong performance in the first quarter, the company raised its full-year 2021 guidance for revenue, adjusted EBITDA, and net capex.
While the company only had $27 million in cash as of the most recent quarter, its short-term debt was only $17 million. However, the company has a negative profit margin. In terms of sales, the company has grown revenue an average of 38.3% over the past three years. Analysts expect sales to rise 68.4% year over year this quarter.