The Brainsway Ltd. (BWAY) shares are trading at lower $6.20 and the avg recommendation for the stock is Strong Buy.
To add more color to this target, the company’s high over the last year is $12.53 and the low is $5.10. Over the last 52 weeks, BWAY is down -50.52% while the S&P 500 is up 0.64%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, BWAY reported a profit of $4.85 million. Brainsway Ltd. also saw revenues increase to $6.29 million. In addition, BWAY has free cash flow of -$10.55 million as of 12-2019 The company’s EBITDA came in at -$1.33 million which compares well with its peers.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. BWAY has a short ratio of 0.01 and outstanding shares of 11.13M.
BWAY has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 5370.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -1.01. Brainsway Ltd. BWAY also noted assets of $38.74 million at the end of the last quarter. Investors should also keep an eye on sector updates as BWAY has historically followed its peers on positive news.
All told, Brainsway Ltd. BWAY has strung together solid data and demonstrated underlying fundamentals. At its current valuation, BWAY represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Brainsway Ltd. BWAY is now commanding a market cap of 68.98M and a float of 3.54M. BWAY is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of BWAY stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in BWAY, either long or short, and we have not been compensated for this article.