Research Frontiers Incorporated (NASDAQ:REFR) is Waving the Bull Flag

Research Frontiers Incorporated (NASDAQ:REFR) is Waving the Bull Flag


The Research Frontiers Incorporated (REFR) shares are trading at higher $5.44.

To add more color to this target, the company’s high over the last year is $5.38 and the low is $1.66. Over the last 52 weeks, REFR is up 1.12% 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, REFR reported a profit of $-0.46 million. Research Frontiers Incorporated also saw revenues decrease to $0.36 million. In addition, REFR has free cash flow of -$0.76 million as of 03-2020 The company’s EBITDA came in at -$0.6 million which compares well with its peers.

REFR Return on Equity (ROE) is -49.30%, and its Return on Assets is -42.40%. All told, it is clear that, REFR 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. REFR has a short ratio of 10.48 and outstanding shares of 31.32M.

Company Outlook

REFR has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.14 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.12. Research Frontiers Incorporated REFR also noted assets of $7.63 million at the end of the last quarter. Investors should also keep an eye on sector updates as REFR has historically followed its peers on positive news.

All told, Research Frontiers Incorporated REFR has strung together solid data and demonstrated underlying fundamentals. At its current valuation, REFR 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.

Research Frontiers Incorporated REFR is now commanding a market cap of 166.19M and a float of 24.41M. REFR 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 REFR 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 REFR, either long or short, and we have not been compensated for this article.