TCR2 Therapeutics Inc. (NASDAQ:TCRR) on the Path to Profitability

TCR2 Therapeutics Inc. (NASDAQ:TCRR) on the Path to Profitability

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The TCR2 Therapeutics Inc. (TCRR) shares are trading at higher $16.67 and the avg recommendation for the stock is Strong Buy. The current analyst price target stands at $24.67.

To add more color to this target, the company’s high over the last year is $21.06 and the low is $5.84. Over the last 52 weeks, TCRR is down -20.85% 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, TCRR reported a profit of $0.75 million. TCR2 Therapeutics Inc. also saw revenues increase to $16.23 million. In addition, TCRR has free cash flow of -$16.91 million as of 03-2020 The company’s EBITDA came in at -$15.92 million which compares well with its peers.

TCRR Return on Equity (ROE) is -32.20%, and its Return on Assets is -30.80%. All told, it is clear that, TCRR 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. TCRR has a short ratio of 4.61 and outstanding shares of 24.01M.

Company Outlook

TCRR has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.17 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -2.22. TCR2 Therapeutics Inc. TCRR also noted assets of $153.3 million at the end of the last quarter. Investors should also keep an eye on sector updates as TCRR has historically followed its peers on positive news.

All told, TCR2 Therapeutics Inc. TCRR has strung together solid data and demonstrated underlying fundamentals. At its current valuation, TCRR 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.

TCR2 Therapeutics Inc. TCRR is now commanding a market cap of 406.58M and a float of 18.36M. TCRR 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 TCRR 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 TCRR, either long or short, and we have not been compensated for this article.