Replimune Group Inc. (NASDAQ:REPL) is Gaining Momentum on Earnings Catalyst

Replimune Group Inc. (NASDAQ:REPL) is Gaining Momentum on Earnings Catalyst

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The Replimune Group Inc. (REPL) shares are trading at higher $22.06 and the avg recommendation for the stock is Strong Buy. The current analyst price target stands at $29.43.

To add more color to this target, the company’s high over the last year is $25.16 and the low is $8.58. Over the last 52 weeks, REPL is down -12.32% 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, REPL reported a profit of $0.89 million. Replimune Group Inc. also saw revenues increase to $16.39 million. In addition, REPL has free cash flow of -$67.09 million as of 03-2020 The company’s EBITDA came in at -$16.09 million which compares well with its peers.

REPL Return on Equity (ROE) is -33.30%, and its Return on Assets is -27.00%. All told, it is clear that, REPL 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. REPL has a short ratio of 2.73 and outstanding shares of 38.82M.

Company Outlook

REPL has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.22 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -1.52. Replimune Group Inc. REPL also noted assets of $234.1 million at the end of the last quarter. Investors should also keep an eye on sector updates as REPL has historically followed its peers on positive news.

All told, Replimune Group Inc. REPL has strung together solid data and demonstrated underlying fundamentals. At its current valuation, REPL 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.

Replimune Group Inc. REPL is now commanding a market cap of 874.46M and a float of 33.81M. REPL 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 REPL 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 REPL, either long or short, and we have not been compensated for this article.