Cyanotech Corporation (NASDAQ:CYAN) Stock is Soaring, Here is Why

Cyanotech Corporation (NASDAQ:CYAN) Stock is Soaring, Here is Why


The Cyanotech Corporation (CYAN) shares are trading at higher $2.67.

To add more color to this target, the company’s high over the last year is $3.35 and the low is $1.82. Over the last 52 weeks, CYAN is down -20.30% 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 the last quarter, CYAN reported a profit of $2.88 million. Cyanotech Corporation also saw revenues increase to $7.5 million. In addition, CYAN has free cash flow of $24000.0 as of 12-2019 The company’s EBITDA came in at $0.95 million which compares well with its peers.

CYAN booked profit margins of -4.10%, its Return on Equity (ROE) is -7.90%, and its Return on Assets is -3.80%. All told, it is clear that, CYAN 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. CYAN has a short ratio of 1.02 and outstanding shares of 5.96M.

Company Outlook

CYAN has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 11380.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.21. Cyanotech Corporation CYAN also noted assets of $32.44 million at the end of the last quarter. Investors should also keep an eye on sector updates as CYAN has historically followed its peers on positive news.

All told, Cyanotech Corporation CYAN has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CYAN 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.

Cyanotech Corporation CYAN is now commanding a market cap of 14.44M and a float of 3.64M. CYAN 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 CYAN 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 CYAN, either long or short, and we have not been compensated for this article.