The Computer Task Group Incorporated (CTG) shares are trading at higher $4.21 and the avg recommendation for the stock is Strong Buy. The current analyst price target stands at $6.00.
To add more color to this target, the company’s high over the last year is $6.48 and the low is $2.86. Over the last 52 weeks, CTG is down -35.03% 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, CTG reported a profit of $17.05 million. Computer Task Group Incorporated also saw revenues increase to $86.95 million. In addition, CTG has free cash flow of $18.5 million as of 03-2020 The company’s EBITDA came in at $2.88 million which compares well with its peers.
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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. CTG has a short ratio of 0.35 and outstanding shares of 13.55M.
CTG has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 25840.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.33. Computer Task Group Incorporated CTG also noted assets of $164.6 million at the end of the last quarter. Investors should also keep an eye on sector updates as CTG has historically followed its peers on positive news.
All told, Computer Task Group Incorporated CTG has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CTG 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.
Computer Task Group Incorporated CTG is now commanding a market cap of 64.24M and a float of 12.34M. CTG 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 CTG 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 CTG, either long or short, and we have not been compensated for this article.