Is Now the Time to Invest in Atlanticus Holdings Corporation (NASDAQ:ATLC)?

Is Now the Time to Invest in Atlanticus Holdings Corporation (NASDAQ:ATLC)?


The Atlanticus Holdings Corporation (ATLC) shares are trading at higher $14.70 and the avg recommendation for the stock is Moderate Sell.

To add more color to this target, the company’s high over the last year is $18.36 and the low is $3.64. Over the last 52 weeks, ATLC is down -19.96% while the S&P 500 is down -2.55%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, ATLC reported a profit of $89.56 million. Atlanticus Holdings Corporation also saw revenues increase to $103.15 million. In addition, ATLC has free cash flow of $34.85 million as of 03-2020.

ATLC booked profit margins of 5.70%, and its Return on Assets is 2.60%. All told, it is clear that, ATLC 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. ATLC has a short ratio of 41.83 and outstanding shares of 14.44M.

Company Outlook

ATLC has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 16010.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 1.40. Investors should also keep an eye on sector updates as ATLC has historically followed its peers on positive news.

All told, Atlanticus Holdings Corporation ATLC has strung together solid data and demonstrated underlying fundamentals. At its current valuation, ATLC 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.

Atlanticus Holdings Corporation ATLC is now commanding a market cap of 220.35M and a float of 6.63M. ATLC 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 ATLC 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 ATLC, either long or short, and we have not been compensated for this article.