The First Capital Inc. (FCAP) shares are trading at higher $79.90.
To add more color to this target, the company’s high over the last year is $75.79 and the low is $42.72. Over the last 52 weeks, FCAP is up 5.42% 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, FCAP reported a profit of $7.21 million. First Capital Inc. also saw revenues increase to $7.67 million. In addition, FCAP has free cash flow of $4.33 million as of 03-2020.
FCAP booked profit margins of 32.00%, its Return on Equity (ROE) is 10.50%, and its Return on Assets is 1.20%. All told, it is clear that, FCAP needs to be on your watchlist.
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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. FCAP has a short ratio of 16.66 and outstanding shares of 3.34M.
Company Outlook
FCAP has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 22850.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 3.07. Investors should also keep an eye on sector updates as FCAP has historically followed its peers on positive news.
All told, First Capital Inc. FCAP has strung together solid data and demonstrated underlying fundamentals. At its current valuation, FCAP 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.
First Capital Inc. FCAP is now commanding a market cap of 262.87M and a float of 3.23M. FCAP 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 FCAP 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 FCAP, either long or short, and we have not been compensated for this article.