The Cellular Biomedicine Group Inc. (CBMG) shares are trading at higher $15.63 and the avg recommendation for the stock is Hold. The current analyst price target stands at $19.00.
To add more color to this target, the company’s high over the last year is $18.99 and the low is $10.98. Over the last 52 weeks, CBMG is down -17.69% while the S&P 500 is up 0.46%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In addition, CBMG has free cash flow of -$10.88 million as of 03-2020 The company’s EBITDA came in at -$9.84 million which compares well with its peers.
CBMG Return on Equity (ROE) is -83.50%, and its Return on Assets is -51.40%. All told, it is clear that, CBMG 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. CBMG has a short ratio of 3.80 and outstanding shares of 19.34M.
CBMG has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 81980.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -2.71. Cellular Biomedicine Group Inc. CBMG also noted assets of $85.89 million at the end of the last quarter. Investors should also keep an eye on sector updates as CBMG has historically followed its peers on positive news.
All told, Cellular Biomedicine Group Inc. CBMG has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CBMG 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.
Cellular Biomedicine Group Inc. CBMG is now commanding a market cap of 292.12M and a float of 10.81M. CBMG 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 CBMG 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 CBMG, either long or short, and we have not been compensated for this article.